Business
Directorate Change and Trading Update
Directorate Change and Trading Update.
About this update from Mcbride Plc
[{"type":"text","content":"\n \nRNS Number : 8667X McBride PLC 02 May 2019 \n\n2 May 2019\n \nMcBride plc\n \nDirectorate Change and Trading Update\n \nDirectorate Change\n \nMcBride plc (the \"Company\") announces that Rik De Vos, CEO, has informed the Board of his decision to leave the Company. A search will commence immediately and Rik has advised the Board that he will remain in position while his successor is being recruited.\n \nJohn Coleman, Chairman, said:\n\"Rik has brought a strong vision and laid the foundations of the Company's transformation through the \"Manufacturing our Future\" strategy. I would like to take this opportunity to thank him on behalf of the Board and colleagues for his contribution. I would also like to thank Rik for agreeing to assist the Board to ensure a smooth handover of his responsibilities. The Board wishes him every success in his future endeavours.\"\n \nRik De Vos, CEO, said:\n\"In recent years, we have achieved much in a challenging trading environment. We have developed a clear strategy in \"Manufacturing our Future\" and delivered clear benefits from implementing the \"Repair, Prepare, Grow\" phases. However, I now consider that the Group requires different leadership to deliver the next phase of its growth ambitions. I'm confident that I will be leaving McBride well positioned to realise these ambitions.\"\n \nAn announcement will be made regarding Rik's successor and his departure date in due course.\n \nTrading update\n \nFollowing a weak third quarter trading period, the Group now anticipates that its full year earnings will be modestly lower than current market expectations, primarily as a result of weaker than expected sales activity in Germany, France and Italy.\n \nThe Group expects to provide a trading update for the 12 months ending 30 June 2019 in early July.\n \n \n\n\n\nFor further information please contact:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMcBride plc\n\n\n\n\n\n\n\nJohn Coleman, Chairman\n\n\n\n\n\n\n\nChris Smith, CFO\n\n\n0161 203 7570\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting\n\n\n\n\n\n\n\nEd Bridges, Nick Hasell\n\n\n020 3727 1017\n\n\n\n \n Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.\n&...