6th Jan 2010 14:53
Cosalt PLC
("Cosalt" or the "Company")
Board Changes
The Board of Cosalt PLC confirms the following changes to the Board, all with immediate effect.
John Kelly, a non executive Director, steps down from the Board.
Maurice White is appointed a non executive Director.
Mr White is a mechanical engineer with over 30 years experience in the Oil and Gas Industry principally with Abbot Group Plc where he held a number of Executive positions including Chief Operating Officer and during which period the Group grew from a UK based business to operating in Twenty different countries worldwide.
Mark Lejman, Chief Executive Officer, commented:
"The Board is grateful to John Kelly who served Cosalt successfully for over 22 years including the post of Chairman from 2005-2008. He has seen the company develop from a regional UK Services business into an International Group.
The Board is also pleased to welcome Maurice White who has extensive knowledge and experience in the service sector of the Oil and Gas Industry, a market Cosalt aims to develop further internationally."
6 January 2010
Enquiries:
|
Cosalt PLC |
Tel: 01472 504 504 |
|
Mark Lejman, Chief Executive Officer |
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|
Mike Reynolds, Chief Financial Officer |
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|
College Hill |
Tel: 020 7457 2020 |
|
Mark Garraway |
|
|
Adam Aljewicz |
This announcement is made pursuant to paragraph 9.6.14 of the Listing Rules. Mr White has held a directorship in a public quoted company on the London Stock Exchange in the last five years. There are no details in respect of Listing rule 9.6.13(2) to (6).
Related Shares:
CSLT.L