AB Dynamics PLC - Appointment of Group Chief Financial Officer
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AB Dynamics plc
Appointment of Group Chief Financial Officer
AB Dynamics plc ("AB Dynamics", the "Company" or the "Group"), the designer, manufacturer and supplier of advanced testing, simulation and measurement products to the global transport market, is delighted to announce the appointment of
Ed is currently the Group's Director of Financial Reporting and has been an instrumental part of the leadership team at AB Dynamics since joining two years ago. Ed has led a number of finance, management, strategic and commercial initiatives within the business, building on valuable experience from his previous role within a large listed international manufacturing business.
Following an extensive search process, the Board considers Ed to be the standout candidate to lead the finance function through the next phase of the Company's development, and to support in the delivery of the medium-term growth aspirations the Group has previously set out.
Ed is a member of the Institute of Chartered Accountants in England & Wales and after a period in professional practice spent six years at Chemring Group plc in a variety of finance roles, latterly as Group Financial Controller.
Commenting on the appointment, Dick Elsy CBE, Chairman said:
"I am pleased that Ed has accepted the opportunity and role of Group Chief Financial Officer, at an exciting and important phase of AB Dynamics' development. The Board conducted an extensive process to ensure that the Company has the right executive leadership team in place to continue the development of the business. I look forward to working with Ed to deliver the Group's ambitions."
Commenting on the appointment,
"I am delighted to welcome Ed to the Board and my Group Executive team. Ed has played a key role in delivering a number of important initiatives for the Group in the last two years, forging strong relationships within the business and helping to sustain strategic and financial momentum. His skills and energy will be an asset to the Group as we move forward over the next few years."
Commenting on his appointment,
"I am honoured to have the opportunity to join the Board of the truly exceptional business that is AB Dynamics. I look forward to working with the Board, the Group Executive team and all my colleagues over the coming years."
Enquiries:
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AB Dynamics plc |
01225 860 200 |
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Peel Hunt LLP (Nominated Adviser and Joint Broker) |
0207 418 8900 |
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Stifel Nicolaus Europe Limited (Joint Broker) |
0207 710 7600 |
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In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies (the "AIM Rules"),
There are no other matters which are required to be disclosed pursuant to Rule 17 and paragraph (g) of Schedule Two of the AIM Rules.
Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
The person responsible for arranging the release of this information is
About AB Dynamics plc
AB Dynamics is a leading designer, manufacturer and supplier of advanced testing, simulation and measurement products and services to the global transport market.
AB Dynamics is an international group of companies headquartered in
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