Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, announces that Mike Welburn, after 13 years as its Chief Executive, has stepped down from the Board with immediate effect. Mike will remain as an employee of the Company for the duration of his employment notice period during which he will provide advice and assistance as required to facilitate an orderly handover.
The Company also announces that with immediate effect Michael Stock, who joined the Group as Finance Director in August 2020, is appointed to the combined role of Chief Executive/Group Finance Director and David Leakey, who joined the Group as Sales Director in 2011, is appointed as Group Sales and Operations Director.
Andrew Moss, Chairman of Tricorn, said:
"The Board would like to express its thanks and appreciation to Mike for his contribution to the Group over the past 17 years. During this time, he progressed from Sales Director to Chief Executive and repositioned the Group as a focused global supplier of high precision tubular assemblies to markets worldwide. We wish him well in his future career."