– UK, Wythenshawe – Renold PLC (LON: RNO), a leading international supplier of industrial chains and related power transmission products, today announced that David Landless, Chairman of the Audit Committee since 2017 and Senior Independent Director since 2019, will be appointed to the role of Chairman of the Company and Chairman of the Nominations Committee, following the 2021 Annual General Meeting,
Tim Cooper, who joined the Board as a Non-Executive Director in 2018 and has been Chairman of the Remuneration Committee since November 2019, will, following the AGM, be appointed as the SID as well as continuing in his role as Chairman of the Remuneration Committee.
“I am delighted that David and Tim will be assuming the roles of Chairman of the Company and Senior Independent Director respectively. I have no doubt that their extensive experience, gained in a variety of industries and over a number of years, will add considerable perspective and valued stewardship as Renold continues its evolution,” said Chief Executive, Robert Purcell.
This announcement follows the announcement that as part of the long term succession plan, Mark Harper will step down from his current roles as Board Chairman and Chairman of the Nominations Committee, and will retire from the Board following the 2021 AGM. Mark joined Renold as a Non-Executive Director in May 2012 and became Chairman of the Company in July 2012. He will attain 9 years of service to Renold in 2021.
Robert Purcell added: “On behalf of the Board, I would like to thank Mark for his leadership, insight and contribution to the Board and Committees on which he has served over the last eight years. During that time, Renold has been through a period of significant change, and Mark’s leadership and guidance have been invaluable in shaping the strategic direction of the Group. Mark’s support for the rebuilding of Renold through sustainable investment and long term planning has been instrumental to creating the more robust business we have today.
For more information: https://www.renold.com/
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