Business
Chairman to retire in 2020 - Chair elect announced
Chairman to retire in 2020 - Chair elect announced.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 8017T Trifast PLC 19 November 2019 \n\n \n \n \nTuesday, 19 November 2019\n \nTrifast plc\n(\"Trifast\" or \"TR\")\n \nDirectorate change\n \nChairman to retire from TR & Announcement of Chair elect\n \n \nRetirement of a Director\nTrifast plc (Main market LSE symbol: TRI) today announces that, following a long and successful career with TR, Malcolm Diamond MBE has notified the Board of his intention to retire as Non-Executive Chairman and step down as a Director with effect from 31 March 2020.\n \nCommenting on his plans, Chairman, Malcolm Diamond MBE said:\n\"Having spent over 45 years within industry, with 25 of these within the PLC arena, I have been able to gain a broad and varied grasp of what is demanded of team leadership as well as the experience developed from being responsible for marketing to and communicating with the investment community, both in the U.K. and Overseas. This long and varied career in both private and public company executive positions, has enabled me to offer commercial and strategic support and mentorship to the next generation of leadership teams. \n \n\"Having overseen the smooth CEO and CFO succession plan at Trifast as well as the adoption of the transformational 'Project Atlas', now halfway through its four year implementation, I feel comfortable in retiring as Chair at the end of March 2020 knowing that the TR Board and the business is in such good shape.\" \n \n\"My thanks go to all the staff in our locations, plus my fellow Trifast executive and non-executive Board colleagues for their unwavering commitment, expertise and collegiate support. Trifast has also enjoyed long term shareholder and broker loyalty and support since we floated in February 1994, for which I shall always be appreciative.\" \n \n\"Meanwhile, I intend to continue fulfilling my ongoing Chair roles as a fully independent director at discoverIE Group plc and Flowtech Fluidpower PLC as the respective Boards continue to develop their ambitious strategic growth ambitions.\"\n \nAppointment of new Chair \nThe Trifast Board is pleased to announce that following the appropriate process, initiated in November 2018, then undertaken by the Nomination Committee and advisers, Jonathan Shearman, currently a Non-Executive Dire...