REG - LPA Group PLC - Directorate Change - CEO Resignation

LPAAnnouncement

31/05/2024 07:00

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RNS Number : 6159Q  LPA Group PLC  31 May 2024

31 May 2024

LPA Group plc

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

Directorate Change - CEO Resignation

LPA Group plc, the innovation-led engineering specialist in electronic and
electro-mechanical components and systems, announces that Paul Curtis has
stepped down as Chief Executive Officer and a Board member of the Group with
effect from today. Paul will remain as an employee of the Group until 31 July
2024.

 

Paul joined the Group in 1988 and has held a number of senior positions
including Chief Operations Officer before taking on the role of CEO in April
2020.  He has been a key part of LPA's journey for more than ten years.

 

Robert Horvath, Chairman said: "We would like to thank Paul for his leadership
and stewardship over the last few years. It has been a highly challenging
marketplace given he succeeded as our CEO at the start of Covid times. Paul
guided the Group through a difficult period. Paul has recruited some great
people and brought in new product lines to help us diversify the Group and we
are grateful for that work.  We wish Paul well in his future endeavours.

 

The process of recruiting a successor has commenced and further announcements
will be made as appropriate. Paul will support the Group as an employee for
the next two months. Gordon Wakeford, our Non-Executive Director and Chair of
the Remuneration Committee, will assume the Chair role of the Executive
Committee in the short term.  Our three businesses each have a Managing
Director in place and with the Board's support, they will continue to drive
their individual businesses forward."

 

For further information, please contact:

 LPA Group plc                                                       Tel: +44 (0) 1799 512800

 Robert B Horvath, Chairman                                          www.lpa-group.com

 Stuart Stanyard, Chief Financial Officer
 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      Tel: +44 (0) 20 7220 0500

 Corporate Finance

 Ed Frisby / Abigail Kelly

 Corporate Broking

 Tim Redfern
 Hudson Sandler (Financial PR)                                       Tel: +44 (0) 20 7796 4133

 Dan de Belder

 Nick Moore

 Francesca Rosser

About LPA

LPA Group plc (AIM: LPA) is an innovation-led engineering specialist in
electronic and electro-mechanical components and systems.

Focused on transport (rail and aviation), defence, infrastructure and
industrial markets and supplying into hostile and challenging environments,
LPA is known for engineering solutions to improve product reliability,
reducing maintenance and life cycle costs.

The Group has three sites across the UK, selling to customers in the UK and
overseas. Two of these are design and manufacturing sites: LPA Connection
Systems - electro-mechanical systems for rail, aviation and industrial, and
LPA Lighting Systems - LED lighting and electronic systems for rail and
infrastructure. The third site is LPA Channel Electric - a value added
distributer of engineered components for rail, aerospace, and defence.

With over 160 years of UK design and manufacture, and with origins in the
first ever light installed in 'Electric Avenue', Brixton; innovation is core
to LPA and to the products and services supplied to our customers worldwide.

For more information visit www.lpa-group.com (http://www.lpa-group.com/)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU No.
596/2014) which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

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