– UK, Bicester – Hardide plc (AIM: HDD), the provider of advanced surface coating technology, announces the appointment of Tim Rice and Charles Irving-Swift as non-executive directors of the Company, and that Jan Ward, a non-executive director of the Company, has stepped down from the Board.
Tim Rice brings more than 30 years of experience in the defence and aerospace sectors, having held senior executive positions with companies such as Vector Aerospace, Safran Group, Spirent Systems and Messier-Dowty. He is an experienced advisor to companies in the aerospace and defence sectors, involved in strategy, business development, partnering, and organisational change. He is currently an independent non-executive director of Pennant plc. Tim has a BSc in Mechanical Engineering, is a chartered engineer and holds an MBA from Warwick University.
Charles Irving-Swift has a strong and extensive international track record of leading, developing and transforming multinational businesses in the engineering and construction materials sectors. He brings significant executive and non-executive experience gained over a 35 year career with industrial companies in the UK, Germany, France and the USA. He was previously CEO of divisions within Armstrong Flooring Products, TT electronics plc and Dana Corporation. He is experienced in strategic planning, managing transformation projects and international re-organisation for performance improvement. Charles served as a non-executive director of Brammer plc until it was acquired by Advent International in 2017 and of Victrex plc until 2006. Charles holds a BA Hons from Oxford University, has an MBA from INSEAD and is fluent in both French and German.
Robert Goddard, Chairman, commented: “I am delighted that Tim and Charles are to join the Board. They bring track records of accomplishment and leadership in relevant industries and have valuable networks in our target markets. Their past senior executive roles are complemented by their experience of corporate governance as non-executive directors of listed companies. Their combined skills and experience will be of significant value as Hardide continues to grow and diversify into new markets and industrial sectors.
“We will be sad to say goodbye to Jan Ward. Jan has been a valued member of the board for the past three years and brought to us a great deal of experience, knowledge and contacts. She has been a key member of the remuneration and nomination committee and has helped shape policy in this area. We wish her well in the many other roles she has and leaves with our very best wishes for the future.”
About Hardide plc
Hardide develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components. Its patented technology is unique in combining, in one material, a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments. This results in cost savings through reduced downtime and increased operational efficiency. Customers include leading companies operating in oil and gas exploration and production, valve and pump manufacturing, precision engineering and aerospace industries.
For more information : http://www.hardide.com
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