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Lamprell plc LAM Interim CFO appointment



  Lamprell plc (LAM) - Interim CFO appointment

RNS Number : 9194Q
Lamprell plc
12 November 2012
 



                                       

 12 November 2012

                                       

                                 LAMPRELL PLC
                         ("Lamprell" or the "Group")

                                       

                     MANAGEMENT APPOINTMENT - INTERIM CFO

                                       

                                       

Lamprell (ticker:  LAM), a  leading provider  of diversified  engineering  and 
contracting services  to the  onshore and  offshore oil  & gas  and  renewable 
energy industries, is pleased to announce that Frank Nelson has been appointed
as Interim Chief Financial  Officer and will join  the senior management  team 
with immediate effect.

 

Mr Nelson  has over  25 years  of experience  in the  construction and  energy 
sectors.  He  joins  Lamprell  from  construction  and  house-building   group 
Galliford Try Plc, where  he served as Finance  Director until September  2012 
(further biographical information is set out below). 

 

In the meantime, the Board continues to make progress in its search to recruit
a permanent CEO, CFO and COO, and  it will provide updates in this respect  as 
appropriate.

 

John Kennedy, Chairman, Lamprell, commented: 

 

"The Board  stated  previously that  it  was looking  to  recruit  experienced 
candidates in certain critical roles to  help with the process of guiding  the 
Company through this  difficult period,  and so I  am pleased  that Frank  has 
agreed to  join us  on  an interim  basis.  Frank's extensive  experience  and 
knowledge of working within  a listed company will  be hugely valuable to  the 
Company as  we continue  to address  some of  the historical  issues that  the 
Company is facing. I would like to welcome him on board."

 

                                   - Ends -

 

 

Enquiries:

 

Lamprell plc
John Kennedy, Chairman                 +44 (0) 7570 813428
Ekaterina Alferova, Investor Relations +44 (0) 7570 813428
M:Communications
Patrick d'Ancona            +44 (0) 207 920 2347
Andrew Benbow               +44 (0) 207 920 2344

 

Frank Nelson Biography

 

Frank Nelson has over 25 years of experience in the construction,  contracting 
and energy sectors. Prior to joining Lamprell, Mr Nelson was Finance  Director 
of construction and  house-building group  Galliford Try Plc  from 2000  until 
October 2012. He was previously Finance  Director of Try Group Plc from  1987, 
leading the company  through its  flotation on  the London  Stock Exchange  in 
1989, business expansion throughout the 1990s, and subsequently the  company's 
merger with Galliford in 2001 to form a leading UK player in construction  and 
house-building.

 

From 1984 to  1987, Mr  Nelson was  Divisional Finance  Director at  Wiltshier 
Group, the international  contracting business,  and prior  to that  he was  a 
Management Consultant with Coopers & Lybrand (now part of PwC),  concentrating 
on the energy, construction and services sectors. He led major Monopolies  and 
Mergers  Commission  projects  in  the  energy  generation  sector  and  large 
contracting assignments in the UK, Europe, the Middle and Far East.

 

Mr Nelson has been a Fellow of the Institute of Cost and Management Accounting
since 1975.

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
BOAELLFFLFFLFBZ -0- Nov/12/2012 15:27 GMT
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