Carclo appoints Joe Oatley to its Board as Non-Executive Director

– UK, Ossett – Carclo plc (LSE:CAR), today announced that Joe Oatley will be appointed to the Carclo Board as a Non-Executive Director, and the Chairman of the Remuneration Committee with effect from 20 July 2018. He is currently a Non-Executive Director at Wates Group Limited and Redhall plc. Previously he was Group Chief Executive of Cape plc from 2012 to 2017. Prior to joining Cape he was Chief Executive of Hamworthy plc.

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange.

Carclo’s strategy is to develop and expand its key manufacturing assets in markets where there remain significant further opportunities to drive shareholder value. To enhance profit margins and support its customers, the group has been investing across its global footprint.

Approximately three fifths of Group revenues are generated from the supply of fine tolerance, injection moulded plastic components, mainly for medical products. The balance of Group revenue is derived mainly from the design and supply of specialised injection moulded LED based lighting systems to the premium automotive industry.

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