REG - Trifast PLC - Appointment of CFO

TrifastAnnouncement

10/09/2024 07:00

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RNS Number : 5059D  Trifast PLC  10 September 2024

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.  Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to be in the
public domain.

 

 

 

 

 

Tuesday, 10 September 2024

 

 

Trifast plc

(Trifast, TR or the Company)

 

A leading international specialist in the design, engineering, manufacture,
and distribution of high-quality industrial fastenings

and Category 'C' components principally to major global assembly industries

 

Directorate change

 

Appointment of Chief Financial Officer

 

 

Trifast is pleased to announce that, following completion of an executive
search process that included both external and internal candidates, Kate
Ferguson, who has been acting as Interim CFO, has been appointed to the Board
as an Executive Director and will take up the Chief Financial Officer role on
a permanent basis with immediate effect.

 

Kate joined the TR business in August 2023 as Group Financial Controller;
educated in Australia, she attained a Batchelor of Business degree in 1993
from the Queensland University of Technology Australia (majoring in
Accountancy).  Kate went on to train with one of the major global accountancy
firms and qualified in 1996 in Australia before relocating to the UK and, in
2008 also attained the  Institute of Chartered Accountants in England &
Wales qualification before moving into the commercial market. Having spent
around 25 years working across a variety of industries in senior financial
management roles both in the private and public entities in the UK and
overseas, Kate has gained a wealth of knowledge and experience across finance,
M&A, IT support, process and engagement, administration and facilities
management.

 

Serena Lang, Non-Executive Chair commented:

"During the search process Kate came out very strongly as a team player with
all round financial acumen for a CFO role.  Working as an integral member of
the TR Executive leadership team over the last six months she has demonstrated
strategic focus, collaborative and people engagement skills, and the
determination to be part of the evolution of TR's transformational change
programme. Kate has also played a key role redefining our financial focus
including streamlining processes and efficiencies, stabilising our balance
sheet through the delivery of stronger inventory controls, continuing our debt
reduction programme and focus to improve EBIT margins over the medium term.
On behalf of the Board and TR colleagues I congratulate Kate on her
well-deserved appointment; we all look to working together as we move forward
to deliver our refreshed business strategy rollout across the business."

 

There are no other disclosures required to be made in respect of Kate
Ferguson, pursuant to Listing Rule 9.6.13R.

 

 

 

 

 

 Further enquiries please contact:
 Trifast plc
 Serena Lang Non-Executive Chair         Tel: +44 (0) 1825 747630

 Iain Percival, CEO                      Email: corporate.enquiries@trifast.com

                                       (mailto:corporate.enquiries@trifast.com)
 Kate Ferguson, CFO

                                       Shareholders: Companysecretariat@trifast.com
 Christopher Morgan, Company Secretary   (mailto:Companysecretariat@trifast.com)

 Peel Hunt LLP (Stockbroker & financial adviser)
 Mike Bell                               Tel: +44 (0) 20 7418 8900

 TooleyStreet Communications, (IR & media relations)
 Fiona Tooley                            Tel: +44 (0) 7785 703523

                                         Email: fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)

 

 

 

About Trifast:

LSE Main listing: symbol: TRI

Founded in 1973, Trifast is a leading international specialist in the design,
engineering, manufacture, and distribution of high-quality industrial
fastenings and Category 'C' components principally to major global assembly
industries.

 

As an international business we can provide customer support from across key
regions in the UK & Ireland, Asia, Europe and North America. In addition
to our service locations, we operate several manufacturing facilities focused
on high volume cold forged fasteners and special parts. We have also
established Engineering & innovation centres to support R&D and
customer collaboration across the world.

 

The Group supplies to customers in c.70 countries across a wide range of
industries, including light vehicle, heavy vehicle, health & home, energy,
tech, & infrastructure (ET&I), general industrial and distributors.

 

As a full-service provider to multinational OEMs and Tier 1 companies spanning
several sectors, we deliver comprehensive support to our customers across
every requirement, from concept design through to technical engineering
consultancy, manufacturing, supply management and global logistics.

 

We have defined a clear purpose and vision:

To sustainably drive our customers' success by simplifying their fastener
supply chain and supporting them in their technical requirements through our
world-class engineering and manufacturing capabilities.

 

For more information, visit:

TRIFAST PLC TRI Stock | London Stock Exchange
(https://www.londonstockexchange.com/stock/TRI/trifast-plc/company-page)

website: www.trifast.com (http://www.trifast.com)

LinkedIn: www.linkedin.com/company/tr-fastenings
(http://www.linkedin.com/company/tr-fastenings)

X: www.x.com/trfastenings (http://www.x.com/trfastenings)

Facebook: www.facebook.com/trfastenings (http://www.facebook.com/trfastenings)

 

Note

Trifast, TR and TR Fastenings are registered trademarks of the Company

LEI number: 213800WFIVE6RWK3CR22

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