22nd Jun 2010 10:02
Tandem Group plc
(the 'Company')
Result of Annual General Meeting (AGM) and Board Changes
The Board of Tandem Group plc (AIM: TND), designers, developers and distributors of sports and leisure equipment, is pleased to announce that all resolutions proposed at the Company's AGM were approved.
As previously announced on 28 April 2010, Graham Waldron did not offer himself for re-election at the AGM and Mervyn Keene, previously Group Finance Director, succeeds him as Non-Executive Chairman.
Steve Grant, currently Commercial Director, becomes Chief Executive Officer.
Jim Shears has been appointed to the Board as Group Finance Director.
Jim joined the Company as Group Financial Controller in 2002. He was appointed Company Secretary in 2008. He previously worked for the Audit Commission, IFG Group plc and AWG plc where held various financial roles. Jim is a Fellow of the Institute of Chartered Accounts in England and Wales.
Commenting on the changes, Mervyn Keene, Non-Executive Chairman, said:
"The Board are very grateful for the work and wise counsel that Graham has given over the years. He has ensured that the Board has delivered profitability and strengthening of the balance sheet. Steve has a wealth of experience in the sports and leisure industry and I am sure he will make a valuable contribution as Group Chief Executive. Jim's financial experience will ensure the robust financial controls and reporting that he has overseen within the Group are maintained."
Following the Board changes, the Company announces that it has restructured the Audit, Nominations and Remuneration Committees which are now comprised as follows:
|
Audit Committee
|
Mervyn Keene (Chairman) Simon Morris |
|
Nominations Committee |
Mervyn Keene (Chairman) Andy Bestwick |
|
Remuneration Committee
|
Mervyn Keene (Chairman) Andy Bestwick Simon Morris |
Enquiries:
Tandem Group plc
Jim Shears, Group Finance Director and Company Secretary
Tel: 0121 748 8075
Cairn Financial Advisers
Tony Rawlinson
Tel: 020 7148 7901
Further information
Jim Shears, aged 36, has an interest in 1,440 ordinary shares in the Company and has held the following directorships or partnerships within the last 5 years:
|
Current |
Past |
|
Ben Sayers Limited
|
Ehook.co.uk Limited |
|
Casket plc |
|
|
Casket Group Pension Trustee Limited |
|
|
Casket Leisure Products Limited |
|
|
Chelful Limited |
|
|
Dawes Cycles Limited |
|
|
Kingsley & Forester Group plc |
|
|
MV Sports Group plc |
|
|
MV Sports & Leisure Limited |
|
|
M.V. Sports (Hong Kong) Limited |
|
|
Pot Black Limited |
|
|
Primacy Limited |
|
|
S Casket Limited |
|
|
Tandem Group Cycles Limited |
|
|
Two Wheel Trading Company Limited |
|
|
Worldwide Snakeboard Marketing Limited |
|
There are no further disclosures to be made in accordance with Schedule 2(g) of the AIM Rules.
Related Shares:
Tandem Group