– UK, London – Vulcan Industries PLC (AQSE: VULC) today announced the appointment of Ian Tordoff to the position of Executive Chairman with immediate effect.
The appointment follows the decision of CEO, John Maxwell, to step down as an executive director but he will remain on the board as an independent non-executive director.
Furthermore, Kieran Vaughan has informed the Board that he no longer has the capacity to devote the necessary time as a non-executive director to the Company and has decided to step down.
Ian Tordoff, Executive Chairman said; “On behalf of the Board, I thank John for his leadership of the Company since IPO in June 2020 and am delighted the Board will continue to benefit from his extensive experience in his new role as a non-executive director.
I would also like to thank Kieran for his valuable contribution to the evolution of the Group and wish him well with his future endeavors. The search for a suitable replacement to the Board has already begun as this remains an exciting time for the Group as we close on several important development milestones and position the group for profitable growth in the years to come.”
About Vulcan
Vulcan seeks to acquire and consolidate traditional but historically profitable engineering, manufacturing, and industrial SMEs for value and to enhance this value in part through group synergies, but primarily by unlocking growth which is not being achieved as a standalone private company.
For more information: https://www.vulcanplc.com/
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