Hargreaves Services appoint new deputy chairman
Newly appointed deputy chairman David Morgan to succeed Tim Ross as chairman next year
HARGREAVES Services, the UK’s leading supplier of solid fuel and bulk materials logistics, have announced the appointment of David Morgan as deputy chairman with effect from the conclusion of the 2014 AGM, which took place yesterday morning (5 November).
Tim Ross, who has served as chairman for nearly nine years, has decided to step down as chairman and from the board prior to the 2015 AGM. It is intended that Mr Morgan will succeed Mr Ross as chairman with effect from the commencement of the 2015 AGM.
Mr Morgan was appointed as the senior independent director of Hargreaves in February 2012 and is currently chairman of the Audit Committee and a member of the Remuneration Committee.
Previously, he spent more than 20 years with Johnson Matthey plc and was executive director of corporate development from 1999 to 2009. His current appointments also include chairman of Nord Gold NV and Econic Technologies Ltd; deputy chairman of SFC Energy AG; and non-executive director of The Royal Mint.
Commenting on the changes, Hargreaves’ chairman, Tim Ross, said: ‘I am delighted that the Board has appointed David Morgan as deputy chairman with a view to his succeeding me in 2015. He has an impressive track record and I am sure that he is the right person to take over from me as chairman.’
David Morgan, said: ‘I am delighted to be appointed deputy chairman of this market-leading Group, which I joined as a non-executive director almost three years ago. I look forward to continuing to work with Tim, Gordon Banham and the whole board to deliver the Group’s strategy.’
Gordon Banham, Hargreaves’ chief executive officer, commented: ‘It has been a pleasure and privilege to have worked with Tim for the past nine years. The board has benefitted immensely from his commercial acumen and experience.
‘I am also delighted that David has agreed to take over as chairman in due course to ensure that we have an effective succession plan for this key board appointment.’