Carclo plc Directorate Change (9591J)

TIDMCAR

RNS Number : 9591J

Carclo plc

21 August 2023

Carclo plc

("the Company" or "Carclo")

Change of CFO

Carclo plc (the "Company" or "Carclo") announces that David Bedford has decided to resign and has stepped down as Chief Financial Officer, Company Secretary, and as a Director of the Company, effective from 21 August 2023.

We are pleased to announce that Eric Hutchinson, formerly a Non-Executive Director, will succeed David and has been appointed as Chief Financial Officer and Company Secretary of the Group with immediate effect, thus becoming an Executive Director.

Eric was appointed as a Non-Executive Director of the Company on 7 January 2021. He carries with him a rich history of industry experience, having dedicated thirteen years as Chief Financial Officer of Spirent Communication plc. During his time at Spirent plc, both as Chief Financial Officer and Chief Executive Officer, he significantly contributed to the transformation of the business and greatly fortified its balance sheet.

Rachel Amey, Non-Executive Director, has been appointed Chair of the Audit & Risk Committee, interim Chair of the Remuneration Committee and interim Senior Independent Director, with immediate effect. Rachel joined the board as a Non-Executive Director on 1 March 2023 and boasts an in-depth financial background. She currently serves as the Director of Finance & Operations at the Royal Grammar School in Newcastle upon Tyne. A search is now underway for a permanent Senior Independent Director and Chair of the Remuneration Committee.

Given David's decision, he will not be seeking re-election as a director at the forthcoming AGM. Consequently, Resolution 3 will be withdrawn.

Frank Doorenbosch commented: "On behalf of the Board, I would like to convey our deepest appreciation to David for his steadfast commitment to the Company, particularly during its more challenging periods. His contributions have been invaluable, and we wish him every success in his future pursuits. Concurrently, we are excited to welcome Eric in the Chief Financial Officer role. His substantial financial acumen, together with a significant track record of operational successes, renders him the perfect fit to spearhead our renewed strategy."

About Carclo plc

Carclo plc stands as a global industry leader, delivering comprehensive solutions - from mould designs and automation to precision moulding, assembly and beyond - for the life sciences, technical parts, aerospace and optics sectors.

LEI: 21380078MEM399JPI956

Enquiries:

   Carclo plc                             01924 268040

Frank Doorenbosch - Chief Executive Officer

Eric Hutchinson - Chief Financial Officer

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August 21, 2023 08:09 ET (12:09 GMT)

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