Business
Trading Statement and New CEO
Trading Statement and New CEO.
About this update from Trifast Plc
[{"type":"text","content":"\n Trifast PLC\n19 April 2007\n\n\n Trifast plc\n Year End Trading Update\n Appointment of New Chief Executive\n\n19 April 2007\n\nTrifast plc ('Trifast' or the Group') is pleased to announce an update on\ntrading for the financial year ended 31 March 2007.\n\nTrading has remained solid with further profit growth driven by the Group's\nstrengthened international presence and the successful integration of Serco\nRyan.\n\nThe Group's performance for the year ended 31 March 2007 has been in line with\nexpectations. The Group expects to announce its preliminary results on Tuesday\n19 June 2007.\n\nBoard Change\n\nAfter five years as Chief Executive of Trifast, Jim Barker will stand down at\nthe end of May 2007 and will be succeeded by Steve Auld, who was appointed an\nExecutive Director of the Group on 13 October 2005, following the acquisition of\nSerco Ryan.\n\nAnthony Allen, Chairman of Trifast, said:\n\n\"I would like to take this opportunity to extend my thanks to Jim for his work\nas Chief Executive of Trifast. Since April 2002 he has overseen the Group's\nacquisition of Serco Ryan, and the transformation of the Group into a major\nplayer in the industrial fastener market.\n\n\"I would also like to welcome Steve to his new role as Chief Executive of\nTrifast. After 24 years in the fastening industry Steve brings a wealth of\nexperience and knowledge to his new role.\"\n\n - ENDS -\n\nNotes to Editors\n\nEnquiries:\n\nTrifast Plc\nJim Barker, Chief Executive\nSteve Auld, Chief Executive Designate\nStuart Lawson, Finance Director\nTel: 01825 747 366\nSmithfield Consultants\nJohn Antcliffe / Will Swan\nTel: 020 7360 4900\n\nNotes to Editors\n\nTrifast\n\nTrifast plc is an international manufacturer and distributor of industrial\nfastenings to the assembly industries, with operations in Europe, the Americas\nand Asia. The Group's products include micro screws, customer specific items and\nhigh tolerance fastenings.\n\nEstablished in the South of England in 1973, the Group has grown by acquisitions\nover the years and floated on the London Stock Exchange in 1994.\n\nThe acquisition of Serco Ryan, the third largest UK competitor, in 2005 has\ntransformed the Group into a major player in the industrial fastener market with\nambitions to become Europe's leading brand.\n\nTrifast has a market capitalisation of £70m.\n\nFor more inform...