REG - Hardide PLC - Announcement of new Chief Executive Officer

HardideAnnouncement

22/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240522:nRSV3599Pa&default-theme=true

RNS Number : 3599P  Hardide PLC  22 May 2024

The information contained within this announcement is deemed by Hardide to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

 

 

22 May 2024

 

Hardide plc

("Hardide", "the Group" or "the Company")

 

Announcement of new Chief Executive Officer ("CEO")

 

Hardide plc, the provider of advanced surface treatment solutions, is pleased
to announce that it has appointed Matthew (Matt) Hamblin, currently a
non-executive director of the Company, as its new permanent CEO, effective
from 3 June 2024.

 

Steve Paul, who is currently serving as interim CEO, will continue to work
closely alongside Matt in a sales and business development capacity.

 

Until early 2023 Matt was Chief Executive Officer at Keronite, an advanced
coatings and surface treatment company, where he led its growth into
profitability and its subsequent sale to the Curtiss-Wright Corporation in
November 2022. Matt has prior experience in a variety of sales and commercial
leadership roles, including most recently as Commercial Vice President of
Nyobolt, a high-performance battery and charging technology company.

 

Andrew Magson, Non-Executive Chair, commented:

 

"We are delighted that Matt is to become Hardide's new CEO. His leadership and
commercial experience and deep understanding of the coatings and surface
treatment sector is directly relevant to the realisation of Hardide's growth
strategy.

 

We are extremely grateful to Steve Paul for his incisive leadership of the
Group on an interim basis over the last four months during which time our new
enhanced components selling strategy has been launched and Hardide's trading
performance has improved significantly. We are very fortunate that Steve will
now continue to work with Hardide and support Matt in a sales and business
development capacity."

 

Matt Hamblin commented:

 

"I am very excited by the opportunity to lead the team at Hardide and to drive
the growth and evolution of the business. Working for the past six months in a
non-executive capacity has strengthened my belief that combining the excellent
technical and engineering foundations of the Company with a refreshed
commercial vision will deliver profitable growth for Hardide going forward. I
look forward to working with Steve to grow Hardide's new enhanced components
offering, alongside a refreshed focus on developing existing customers where
Hardide provides a service, as well as developing opportunities within new
markets and applications through a new solution based selling approach."

 

 Enquiries:
 Hardide plc

 Andrew Magson, Non-Executive Chair                                   Tel: +44 (0) 1869 353 830

 IFC Advisory                                                         Tel: +44 (0) 20 3934 6630

 Graham Herring

 Tim Metcalfe

 Florence Chandler

 Cavendish Capital Markets Ltd - Nominated Adviser and Joint Broker   Tel: +44 (0) 2072 200 500

 Henrik Persson/ Abigail Kelly (Corporate Finance)

 Allenby Capital - Joint Broker                                       Tel: +44 (0) 20 3328 5656

 Tony Quirke/ Joscelin Pinnington - Sales and Corporate Broking

 Jeremy Porter/ Dan Dearden-Williams - Corporate Finance

Notes to editors:

www.hardide.com (http://www.hardide.com/)

 

Hardide develops, manufactures and applies advanced technology tungsten
carbide/tungsten metal matrix 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 as well as a reduced carbon footprint.
Customers include leading companies operating in the energy sectors, valve and
pump manufacturing, industrial gas turbine, precision engineering and
aerospace industries.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAQFLFLZELZBBF