Chamberlin chairman, finance director announce resignations
By Josh White
Date: Friday 05 Apr 2024
(Sharecast News) - Specialist castings and engineering group Chamberlin announced significant changes to its board on Friday, with non-executive chairman Keith Butler-Wheelhouse retiring from the board with immediate effect after 12 years of service.
The AIM-traded firm said non-executive director Kevin Nolan would step into the role of interim non-executive chairman with immediate effect.
At the same time, executive director Trevor Brown would transition to a non-executive director position within the company.
Additionally, finance director Alan Tomlinson had opted to resign from his position to pursue alternative business opportunities.
Chamberlain said he would facilitate an orderly handover to the company's finance team, and was set to depart from the firm on 10 May.
The company said it planned to appoint an independent non-executive director in the near future.
"The board wishes to thank Keith and Alan for their valuable contribution to the company over the years and wishes them well in their future endeavours," said chief executive officer Kevin Price.
"Following the sale of Petrel in February, the company continues to focus on pursuing its strategy at its core iron foundry and machining operations at CHC and RDC, including the reduction of group central costs."
At 1101 BST, shares in Chamberlin were up 3.02% at 1.7p.
Reporting by Josh White for Sharecast.com.
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