APR Energy PLC Change of CFO (8805I)
05 Junio 2014 - 1:01AM
UK Regulatory
TIDMAPR
RNS Number : 8805I
APR Energy PLC
05 June 2014
5 June 2014
APR Energy plc (the "Company")
Change of Chief Financial Officer
The Board of APR Energy plc (LSE:APR), a global leader in
fast-track power solutions, today announces that Andrew Martinez,
Chief Financial Officer, has informed the Company that he has
decided to step down from his role and to leave the Company with
effect from 1 September 2014 in order to pursue other interests.
The Board has commenced a process to find an experienced
successor.
Andrew will remain engaged with the business through the
delivery of the first half results, which remain scheduled for
publication on 27 August. The Board also announces that Lee Munro,
currently APR Energy's Senior Vice President of Strategy and
Systems, will take on the role of interim CFO of the Company until
a permanent successor is appointed.
Michael Fairey, Chairman of APR Energy, said: "We appreciate all
of Andrew's hard work with the Company and we wish him the best in
his future career. Also, we welcome Lee to his new role and thank
him, in advance, for helping to fill this important position. Lee
brings with him a strong financial background and a deep
understanding of our organisation and what is required to drive our
continued success. Prior to his time at APR Energy, Lee spent 11
years with General Electric in progressively senior financial
leadership roles. During his time at GE, Lee held roles in which he
was responsible for audit, financial planning and strategy for a
$1bn business and was CEO of GE's Eastern European Operations
group."
John Campion, CEO of APR Energy, added: "I appreciate all of
Andrew's efforts and the commitment that he gave to the role. With
regard to Lee, his substantial experience in building and running a
business for GE will help the Company to continue to build its
Finance function. Lee's successful track record of growing the
business with the Management Team over the last six years and his
strong financial and business experience ensure he is fully
qualified for the role. APR Energy has embarked on a global search
in order to identify the most suitable permanent candidate and will
update the market on this process in due course. The business
continues to perform well and remains in line with our recent
outlook statement."
Lee, age 43, joined APR Energy in December, 2008. He worked for
General Electric for 11 years before APR and was GE's Chief
Executive Officer for its European Operations Services. Lee holds a
degree in Finance and a MBA from the University of North Texas.
The Company confirms that there are no further details that are
required to be disclosed under paragraph LR 9.6.13 R of the UK
Listing rules in respect of Lee Munro.
APR Energy plc
Karen Menzel +44 (0) 777 590 6076
Capital MSL
Richard Campbell +44 (0) 20 3219 8800 / +44 (0) 7775 784 933
Richard Gotla +44 (0) 20 3219 8819 / +44 (0) 7904 122 207
About APR Energy
APR Energy is the world's leading fast-track mobile turbine
power business. We provide large-scale, fast-track power, providing
customers with rapid access to reliable electricity when and where
they need it. APR combines state-of-the-art, fuel-efficient
technology with industry-leading expertise to provide turnkey power
plants that are rapidly deployed, customisable, and scalable.
Serving both utility and industrial segments, APR Energy provides
power generation solutions to customers and communities around the
world, with an emphasis on Africa, the Americas, Asia-Pacific and
the Middle East. For more information, visit the Company's website
at www.aprenergy.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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