– UK, London – Acal plc (LSE:ACL), a leading international suppliers of customised electronics to industry, is pleased to announce the appointment of Malcolm Diamond, MBE as Non-Executive Chairman with effect from 1 April 2017. He will succeed Richard Moon, who will step down from the Acal Board with effect from 31 March 2017, having served as Non-Executive Chairman since April 2005.
Malcolm joined the Acal Board as a Non-Executive Director on 1 November 2015. He is currently Non-Executive Chairman of Flowtech Fluidpower plc and Executive Chairman of Trifast plc. Trifast has announced that he will become Non-Executive Chairman from 31 March 2017.
Malcolm has considerable experience within ambitious and growing businesses with an international customer base. He was previously Managing Director of Trifast Plc (1984-2002), Senior Non-Executive Director of Dechra Pharmaceuticals Plc (2000-2010) and a Non-Executive Director of Unicorn AIM VCT plc (2004-2013).
On becoming Chairman of Acal, Malcolm will resign as a member of the Audit Committee but become Chairman of the Nomination Committee and a member of the Remuneration Committee.
Richard Moon, Non-Executive Chairman, commented: “I am delighted that the Acal Board has appointed Malcolm Diamond to succeed me as Chairman. His significant commercial skills and leadership experience, gained from growing an international business supplying manufacturing customers, will be a valuable asset.”
Malcolm Diamond, Chairman Designate, commented: “On behalf of the Board, I would like to thank Richard for his considerable commitment and valuable contribution to the Group over the years. We wish him well for the future.
“I am honoured to be appointed Chairman and look forward to working with Nick Jefferies and the rest of the Board as Acal pursues its ambitious growth strategy.“
About Acal plc
Acal is a leading international supplier of customised electronics to industry. It designs, manufactures and distributes customer-specific electronic products and solutions to 25,000 industrial manufacturers and is listed on the London Stock Exchange (LSE: ACL).
Acal has two divisions: Design & Manufacturing and Custom Distribution. The majority of its sales comes from products and solutions which are created specifically for a customer. Acal works across a range of technologies, namely Communications & Sensors, Power & Magnetics, Electromechanical & Shielding, Embedded Systems, and Photonics & Imaging.
Acal operates through the following wholly-owned businesses: Acal BFi, Contour, Flux, Foss, Hectronic, MTC, Myrra, Noratel, Plitron, RSG, Stortech and Vertec. It has operating companies and manufacturing facilities in a number of markets, including the UK, Germany, France, the Nordic region, Benelux, Italy, Poland and Slovakia as well as in Asia (China, India, South Korea, Sri Lanka and Thailand), North America (the US and Canada), and South Africa.
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