HARGREAVES SERVICES PLC

Board/Management Information • Nov 5, 2014

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2295W

Hargreaves Services PLC

05 November 2014

For immediate release	5 November 2014

HARGREAVES SERVICES PLC

("Hargreaves" or the "Company")

Appointment of Deputy Chairman

The Board of Directors of Hargreaves (AIM: HSP), the UK's leading supplier of solid fuel and bulk materials logistics, is pleased to announce the appointment of David Morgan as Deputy Chairman with effect from the conclusion of the 2014 AGM, which took place this morning.

Tim Ross has served as Chairman for nearly nine years and has accordingly decided to step down as Chairman and from the Board prior to the 2015 AGM.  It is intended that Mr Morgan will succeed Mr Ross as Chairman with effect from the commencement of the 2015 AGM.

Mr Morgan was appointed as the Senior Independent Director of Hargreaves in February 2012, and is currently Chairman of the Audit Committee and a Member of the Remuneration Committee.  He spent over 20 years with Johnson Matthey plc and was Executive Director, Corporate Development from 1999 to 2009.  His current appointments include Chairman of Nord Gold NV and Econic Technologies Ltd, Deputy Chairman of SFC Energy AG and Non-Executive Director of The Royal Mint.

Commenting, Hargreaves' Chairman Tim Ross said: "I am delighted that the Board has appointed David Morgan as Deputy Chairman with a view to his succeeding me in 2015.  He has an impressive track record and I am sure that he is the right person to take over from me as Chairman."

David Morgan, Deputy Chairman of Hargreaves, commented: "I am delighted to be appointed Deputy Chairman of this market-leading Group, which I joined as a Non-Executive Director almost three years ago.  I look forward to continuing to work with Tim, Gordon Banham and the whole Board to deliver the Group's strategy."

Gordon Banham, Hargreaves' Chief Executive Officer, commented: "It has been a pleasure and privilege to have worked with Tim for the past nine years.  The Board has benefitted immensely from his commercial acumen and experience.  I am also delighted that David has agreed to take over as Chairman in due course to ensure that we have an effective succession plan for this key Board appointment."

For further information:

Hargreaves Services	0191 373 4485
Gordon Banham, Group Chief Executive
Iain Cockburn, Group Finance Director
Buchanan	020 7466 5000
Mark Court / Sophie Cowles
N+1 Singer (Nomad & Joint Broker)	020 7496 3000
Sandy Fraser / Nick Owen
Jefferies International Limited (Joint Broker)	020 7029 8000
Sara Hale / Harry Nicholas

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOABABTTMBAMBRI