Eleco Plc

("Eleco")

Board Appointment

Eleco Plc announces the appointment today of Craig Slater as a Director and Chief Operating Officer.

John Ketteley, Executive Chairman of Eleco, said: 

"Craig Slater is an experienced executive with particular skills in change management and performance improvement. He has demonstrated excellent strategic leadership in companies in which he has been involved as CFO, COO or CEO. This contributed to significant improvement in their performance in each case and in shareholder value, in the case of Avonside Group plc, Robotic Technology Systems plc and 4imprint Group plc. He has extensive experience of the building products sector, including the manufacture and supply of branded products and building components. 

Craig Slater's appointment as Chief Operating Officer is a welcome strengthening of our management team. My colleagues and I look forward very much to working with him."

Craig Slater said:

"Eleco is financially sound, has a number of respected brands and strong offerings to the construction industry and will, I believe, be well placed to take advantage of a recovery in the sector. I am therefore delighted to be joining Eleco and look forward to working closely with John Ketteley and the management team."

Ends

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Craig Slater

Background

Craig Slater, 46, has had a successful and varied industrial career during which he has served a number of companies as CEO, COO and CFO. He has led two flotations, a "take private", a demerger and a number of turnarounds. He has also negotiated numerous acquisitions and disposals.

Craig was educated at Lancaster University (First Class Honours in Mathematics and Finance), Arthur Andersen (ACA placed 7th in finals) and Henley Management College (MBA).

Career Summary

1981 - 1985     Thorn EMI plc                                                                               Graduate Trainee

1985 - 1988    Arthur Andersen                                                                      Chartered Accountant

1988 - 1992    CSI plc                                                                              MD of various subsidiaries

CSI was a listed "incubator" for small businesses seeking to prepare themselves for subsequent flotation. 

1992 - 2001     Avonside Group plc (floated out of CSI plc)                                     CFO then CEO 

Avonside was a listed building services, building products and house building group, taken private with Alchemy Partners for £22m.

2001 - 2004    4imprint Group plc                                                                   Group CFO and COO

4imprint is a listed global provider of promotional items engaged in direct marketing, franchising and corporate program channels. 

2004 - 2007     Robotic Technology Systems plc                                                           Group CFO

Robotic Technology Systems is an AIM listed automation services group. INS plc was demerged and separately listed on AIM, subsequently acquired by Babcock plc for the equivalent of 63p per share of Robotic Technology Systems plc.

2006 - 2009     Altitude Group plc                                                                             NED then CEO

Altitude is an AIM listed marketing services group. Craig was appointed CEO in 2007.

2003 - Present CORGI Group Limited                                                             NED then Chairman

CORGI was the HSE-appointed gas regulator and has latterly been involved in a series of commercial activities in the heating and plumbing industries.