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Directorate Change

30th Sep 2015 07:00

RNS Number : 6309A
Northbridge Industrial Services PLC
30 September 2015
 



30 September 2015

 

 

Northbridge Industrial Services Plc

 

("Northbridge" or the "Company")

 

Directorate Change

 

 

Northbridge Industrial Services plc, the industrial services and rental company, announces that, as part of the cost cutting exercise described in the interim results announced this morning, it has reduced the number of senior staff positions. As a result Craig Robinson, the Group Finance Director, is leaving the Company with effect from today. As a more streamlined group, the Company does not intend to bring in a new external replacement until a recovery is visible in the sectors in which it operates and the opportunities for further growth return.

 

In the meantime, the finance director functions will be assumed by Iwan Phillips ACA, the company secretary and financial controller, supported and supervised by the three qualified accountants on the Board, namely the Chairman, the CEO and Ash Mehta, the former finance director.

 

Peter Harris, Chairman of Northbridge, said: "We thank Craig Robinson for his contribution to the Company's growth over the last four and a half years and the other staff, who are leaving the Company, for their hard work and wish them well in the future."

 

 

For further information

 

Northbridge Industrial Services plc 01283 531645

Eric Hook, Chief Executive Officer

 

Westhouse Securities Limited (Nominated Adviser and Broker) 020 7601 6100

Robert Finlay/Antonio Bossi /Henry Willcocks

 

Buchanan Communications 020 7466 5000

Charles Ryland / Stephanie Watson

 

About Northbridge:

 

Northbridge Industrial Services plc hires and sells specialist industrial equipment. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil and Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, banking, mining, construction and the public sector. The product range includes loadbanks, transformers, and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Australia, Belgium and Singapore and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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