Renold announce the appointment of Tim Cooper to the Board as a Non-Executive Director with effect from 14 November 2018. Tim will also be appointed to the Audit Committee, the Remuneration Committee and the Nomination Committee. Tim has significant experience at senior levels of international businesses in the industrial sector. Tim is currently an executive director at Victrex plc and managing director of the Industrial Division. Prior to joining Victrex in 2010, he held senior leadership positions at Umeco Plc, Tellermate Plc and Avery Berkel Ltd. Tim's appointment forms a part of Renold's succession planning process for the Board. It is intended that Tim will become Chairman of the Remuneration Committee after he has completed 12 months service. To facilitate a smooth handover period, it is proposed that Ian Griffith's term of office as a Non-Executive Director be extended beyond the usual nine-year tenure until the conclusion of the 2020 AGM.