APR Energy PLC Changes to Board and management team (0609Q)
27 Agosto 2014 - 3:02AM
UK Regulatory
TIDMAPR
RNS Number : 0609Q
APR Energy PLC
27 August 2014
27 August 2014
APR Energy announces changes to its Board and Management
Team
-- Mike Fairey steps down as Chairman to be replaced by John Campion
-- Laurence Anderson assumes Chief Executive Officer role
-- Lee Munro named Chief Financial Officer
APR Energy, a global leader in fast-track power solutions, today
announces a number of changes to its Board leadership and
management team.
Michael Fairey, Non-Executive Chairman of APR Energy plc (LSE:
APR), has announced that he is stepping down as Chairman, with
immediate effect. Following consultation with a number of the
company's major shareholders, the Board of APR Energy has
unanimously selected John Campion, who will transition from Chief
Executive Officer, with immediate effect, to take the position of
Executive Chairman. Laurence Anderson, who most recently served as
President of APR Energy, will assume the role of Chief Executive
Officer.
Baroness Denise Kingsmill, Senior Independent Non-executive
Director, said: "Mr. Fairey has provided tremendous leadership
during his three years as Chairman, helping the Company grow and
mature as a publicly listed company. His experience, judgment and
guidance have been an invaluable asset to the Board and the Group.
We wish Mr. Fairey well with his future endeavours and sincerely
thank him for the outstanding contribution he has made."
John Campion, Executive Chairman added: "Mr. Fairey was the
perfect senior statesman for the Company and was instrumental in
its growth and success to date. I consider Mike a friend and
trusted colleague and I would like to thank him for his guidance
and support over the years. Mike was always available for
consultation when needed and I am grateful for the wisdom he
provided."
Baroness Kingsmill next said: "The Board is pleased to have
selected John Campion as our new Chairman. Mr. Campion has done an
exceptional job as Chief Executive Officer of APR Energy, providing
vision and leadership in guiding the Group to triple-digit growth
during its three years as a PLC. His deep strategic and operational
understanding of the business, as well as his experience as a
Director on the Board, will serve him well as our Chairman.
"We are pleased to announce Laurence Anderson as the Group's new
Chief Executive Officer, and his selection has unanimous support
from the Board. Mr. Anderson is well-equipped for the role, having
co-founded the business and having served as both President and
Chief Operating Officer for the Company. He has been intimately
involved in every aspect of the business and its day-to-day
operations since its founding and has been an integral part of its
success and growth."
Mr. Campion and Mr. Anderson co-founded the business in 2004,
since which time Mr. Campion served as Chief Executive Officer. Mr.
Anderson served as President and Chief Operating Officer from 2004
through May of this year, when his position changed to President.
As Executive Chairman, Mr. Campion will lead the Board in providing
guidance and oversight to the business, as well as governance of
the Board. Also, Mr. Campion will provide long-term vision and
strategy to the Group's management team as well as spend time with
the Company's customers.
Additionally, the Board announces today that Lee Munro has been
named Chief Financial Officer. Mr. Munro has been with the Company
since its early stages, serving as Senior Vice President, and has
been a key part of its development. Mr. Munro has considerable
experience with the installation and operation of APR Energy's
power plants and has demonstrated a core competence managing these
investments for the group. He has a very strong corporate finance
and audit background from his 11 years at GE Capital, where he held
a number of senior financial and leadership positions most recently
serving as CEO of GE European Operations Services.
Laurence Anderson, Chief Executive Officer, said: "Lee brings
with him a strong financial background and a deep understanding of
the business. He knows what is required to drive our continued
success, will bring stability to the position and will help drive
further process and systems improvements within finance and across
departments. He made a great impact in the short period of time
while serving as Interim CFO, securing our new $770m facility and
streamlining the operations of the finance function. Lee's
selection was unanimous among the Board members and we are
extremely pleased for him to take this role."
John Campion, Executive Chairman of APR Energy added: "The Board
believes that the management changes announced today, together with
the naming of Brian Rich as Chief Operating Officer in May, have
positioned the Group with a highly experienced management team with
the leadership ability to drive our strong, profitable, growth path
and to take us to the next level as a global, maturing
business."
There are no further details required to be disclosed by Rule
9.6.13 of the UK Listing Rules.
In light of Mr. Fairey's departure from the Board, the Group
will be restructuring their Committees to reflect his
departure.
Enquiries:
APR Energy plc
Karen Menzel +44 (0) 777 590 6076
Capital MSL
Richard Campbell +44 (0) 20 3219 8800 / +44 (0) 7775 784 933
Richard Gotla +44 (0) 20 3219 8819 / +44 (0) 7904 122 207
About APR Energy
APR Energy is the world's leading fast-track mobile turbine
power business. We provide large-scale, fast-track power, providing
customerswith rapid access to reliable electricity when and where
they need it. APR combines state-of-the-art, fuel-efficient
technology with industry-leading expertise to provide turnkey power
plants that are rapidly deployed, customisable and scalable.
Serving both utility and industrial segments, APR Energy provides
power generation solutions to customers and communities around the
world, with an emphasis on Africa, the Americas, Asia-Pacific and
the Middle East. For more information, visit the Company's website
at www.aprenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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