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22nd December 2009
The Tanfield Group Plc ("Tanfield")
Board Changes
The Board is pleased to announce the appointment of Jon Pither as a non-executive director of Tanfield, effective as of today and as non-executive Chairman with effect from 1 January 2010.
Jon Peter Pither (75) is a highly regarded non-executive director, with significant experience of AIM quoted companies. Since 1991 he has worked extensively with growth companies in a non-executive capacity and is currently Chairman of Southern Bear plc, Active Capital Trust plc and Deputy Chairman of The Alumasc Group plc and Jourdan plc. Prior to 1991, he was managing director of Amari plc, an international group of engineering companies, from 1969 until 1988 when it was acquired by Glynwed International plc. He has previously been a member of the AIM advisory committee and was Chairman of Tanfield from its admission to AIM in December 2003 to June 2005.
Roy Stanley, Chairman of Tanfield since 2005, will step down as Chairman on 1 January 2010, but will remain a non-executive director of Tanfield. He has also accepted an invitation from Smith Electric Vehicles US Corporation (SEV US Corp), Tanfield's 49% owned US Electric Vehicle associate, to become non-executive Chairman. This is in addition to Tanfield's existing two representatives on the SEV US Corp Board.
Jerry Wooding, who joined Tanfield's Board in June this year, will become Deputy Chairman of Tanfield with effect from 1 January 2010.
Roy Stanley said today: "The Board is delighted to welcome Jon back as a non-executive director. We look forward to working with him again and are sure his advice and support will be invaluable. It has been a privilege for me to have chaired Tanfield for the past four and a half years. I look forward to maintaining my involvement with the Group and in particular to helping SEV US realise its full potential."
Jon Pither said: "I am delighted to be rejoining Tanfield and look forward to working with the team as they continue to guide the Group through the current downturn and build for the future. I am also delighted that Roy is joining the Board of SEV US Corp, where I believe his energy and entrepreneurial vision will be of real benefit. I am also pleased that we will be retaining his expertise at Tanfield, as a non-executive director."
Listed below are the names of those companies and partnerships of which Jon Pither is currently, or has at any time within the last five years been, a director or partner:
|
Current Directorships or Partnerships |
Directorships or Partnerships held in the last 5 years |
|
Active Capital Trust PLC |
Argenta Holdings PLC |
|
Aortech International PLC |
BGC Limited |
|
Fenns Bank Estates Limited |
Bluehone AIM VCT plc |
|
Ingenious Film Partners LLP |
Chaco Resources PLC (Formerly Amerisur Resources PLC) |
|
Jourdan PLC |
Corpex Limited |
|
Lux Capital Management SA |
Creative Entertainment Events Limited |
|
My Service Limited |
Creative Entertainment Group plc |
|
Phoenix Film Partners LLP |
Franchise Investment Strategies plc |
|
Southern Bear PLC |
Hamilton Laird Consulting Limited |
|
Southern Bear Trading Limited |
Imprimatur Capital Limited |
|
St Helens Capital PLC |
Kelmax Roofing Limited |
|
St Helens Private Equity PLC |
Maximuse Limited |
|
St Helen's Property Investments Limited |
Myhome International PLC |
|
Surrey Management Services Limited |
Nailport Limited |
|
Tarvail Limited |
Northern Bear plc |
|
The Alumasc Group PLC |
SOC Insurance Fund Limited |
|
The Green Cab Company Limited |
Springs Roofing Limited |
|
World Telecom Public Limited Company |
The Floor Joist Company (Northern) Limited |
|
|
The SOC Group PLC |
|
|
The Tanfield Group PLC |
|
|
Transense Technologies PLC |
Jon Pither has been a director of the following companies which, either while he was a director or within 12 months of him ceasing to be a director, entered receivership, a creditors' voluntary liquidation, administration, a company voluntary arrangement or any composition or arrangement with its creditors generally or any class of its creditors:
|
Company |
Further information |
|
Myhome International PLC |
In July 2008, the company breached some of the covenants on its debt and the bank called in the loan. The shares were suspended from AIM and in September 2008 the company was placed into administration. Mr Pither was appointed as a director on 22 February 2008 and resigned in July 2008. |
|
World Telecom Public Limited Company |
The company was placed in administrative receivership in December 1999. Mr Pither was appointed on 1 July1994 and continues to act as a director. |
|
Fenns Bank Estates Limited |
The company was placed into creditors voluntary liquidation on 26 February 2002. Mr Pither was appointed as a director on 3 May 1999 and continues to act as a director. |
|
Dolomore Limited |
The company was placed in administrative receivership on 25 March 1996. Mr Pither was appointed as non-executive chairman on 9 September 1995 and resigned on 31 December 2003. |
|
Maison Caurette Holdings Limited |
The company was placed in administrative receivership on 25 March 1996. Mr Pither was appointed as a director of this non-trading subsidiary of Dolomore Limited on 14 July 1994 and served until the company was dissolved on 8 July 1997. |
|
Avon Holdings Limited |
The company was placed in administrative receivership on 2 January 2001. Mr Pither was appointed as a director on 1 October 1992 and resigned on 22 January 2001. |
|
Avon Group Holdings Limited |
The company was placed in administrative receivership on 2 January 2001. Mr Pither was appointed as a director on 25 January 1996 and resigned on 22 January 2001. |
|
Lady In Leisure Group plc |
The company was placed in administrative receivership in August 2001. The order was discharged in January 2005. Mr Pither was appointed as non-executive chairman on 26 June 1996 and served until the company was dissolved on 15 November 2005. |
|
Eurokit U.K. Limited |
The company was placed in administrative receivership on 15 March 2001. Mr Pither was appointed as a director on 1 July 1991 and resigned on 2 March 2004. |
|
Nailport Limited |
The company was subject to a compulsory liquidation order on 26 June 2007. Mr Pither was appointed as a director on 23 January 2006 and continues to act as a director. |
|
Galatial Ace plc |
The company was subject to a members voluntary liquidation order on 12 February 2004. Mr Pither was appointed as a director on 16 April 1996 and resigned on 25 March 2004. |
Jon Pither currently owns 20,000 ordinary shares of 5 pence each in Tanfield.
There are no further details required to be disclosed pursuant to schedule 2(g) of the AIM Rules.
For further information:
The Tanfield Group Plc 0845 155 7755
Roy Stanley, Chairman
Arbuthnot Securities Limited (NOMAD and Broker) 020 7012 2000
Andrew Fairclough / James Steel
Media Enquiries
Dan Jenkins 07725 784089