Business
Board Changes
Board Changes.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8471U\n Tekmar Group PLC\n 03 August 2020\n \n \n \n \n \n \n \n 3 August 2020\n \n \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n TEKMAR GROUP PLC\n \n \n (\"Tekmar Group\" or the \"Group\")\n \n \n \n \n \n Board Changes\n \n \n \n \n \n Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announces that James Ritchie-Bland, Chief Executive Officer (\"CEO\"), has informed the Board of his intention to leave the business before the end of the current financial year, and has, today, resigned as CEO and stepped down from the Board. \n \n \n \n \n \n Alasdair Macdonald (\"Ally\"), currently Non-executive Chairman of the Group, assumes the role of Executive Chairman with immediate effect and a formal process to recruit and appoint a new CEO will commence shortly. James will remain in the business, working closely with Ally, until a new CEO is secured to effect an orderly and efficient handover.\n \n \n \n \n \n James was a founder of Tekmar Energy, which was established over 12 years ago, when he identified a global opportunity for subsea cable technology in offshore wind. He led a management buy-out of Tekmar Energy in 2011, backed by Elysian Capital and the successful IPO and Admission to AIM seven years later (June 2018). \n \n \n \n \n \n Under his leadership, the business has grown from a start up to a global technology business, delivering revenue in excess of £40m, representing a CAGR of c.25% in the last six years, and employing over 200 people in 17 locations worldwide. \n \n \n \n \n \n \n \n \n \n Alasdair Macdonald, Executive Chairman of Tekmar, said\n \n : \n \n \n \n \n \n \"On behalf of the Board and everyone at the Company, I would like to thank James for his unwavering commitment and outstanding contribution to the business over the last decade. His drive and ambition have transformed Tekmar Energy from a small family start up into a global business, generating revenues in excess of £40m and employing over 200 ...