22nd Dec 2006 09:49
Torotrak PLC22 December 2006 22 December 2006 TOROTRAK PLC Directorate Change Torotrak plc ("the Company" or "Torotrak"), the world leader in full-toroidaltraction-drive transmission technology, announces the appointment of JeremyDeering as Finance Director with immediate effect. Dick Elsy, Chief Executive of Torotrak, commented: "We are delighted that Jeremyhas agreed to take up the role of Finance Director. Jeremy has been working withus as part of the new team since early 2006 as interim Finance Director. He hasalready made a significant contribution to the Company as we have transitionedto a multi-product, multi-market business strategy. Jeremy's experience andprofessionalism will continue to be invaluable to Torotrak as we rapidlyapproach the milestone of volume production of our technology." Jeremy Robert John Deering (age: 46) has a strong financial and commercialbackground with FTSE 100 companies, start-ups and flotations. After qualifyingas a Chartered Accountant with Arthur Andersen, Jeremy held senior financepositions in Tomkins PLC and then the United Utilities group, where he becameGroup Financial Controller and subsequently Finance Director of Norweb PLC andthen Acting Managing Director/ Finance Director of Your Communications. From2003, Jeremy has worked with a number of start-ups & growth companies on aproject/ consultancy basis, most recently as Interim Finance Director of SystemC Healthcare PLC through its successful AIM flotation in 2005. Jeremy joinedTorotrak as Interim Finance Director in March 2006. Jeremy is currently adirector of Core Ventures Limited and his previous directorships within the lastfive years are listed below. No further details regarding Jeremy Deering are required to be disclosed tocomply with Rule 9.6.13 of the Listing Rules. Jeremy Deering said: "Torotrak is a fascinating business with a lot ofopportunity matched with plenty of energy and I've enjoyed contributing to itsnew direction and focus. I am delighted to be joining the team at a key point inthe Company's development." Jeremy Deering's previous directorships in the last five years: Norweb plcNetforce Group plcYour Communications LtdYour Communications Group LtdUnited Utilities Pensions Trustee LtdIntercell Communications LtdIntercell LtdNor.Web DPL LtdNB (Miles Platting Community Project) LtdUnited Utilities Investments (No 2) LtdY.C. (No 1) LtdY.C. (No 2) Ltd About Torotrak The world leader in full-toroidal traction-drive transmission technology,focused on the development of IVT (Infinitely Variable Transmission) and TCVT(Toroidal Continuously Variable Transmission) systems which deliver outstandinglevels of performance, functionality and commercial advantage in automotive,truck, bus, outdoor power equipment, agricultural and off-highway applications. For further information: Dick Elsy Simon Hudson/Lulu BridgesChief Executive, Torotrak Tavistock CommunicationsTel: +44 1772 900938 Tel: 020 7920 3150www.torotrak.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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