StockMarketWire.com - Lamprell non-executive director Peter Whitbread is retiring with immediate effect.

Chairman John Kennedy said: "It is with regret that Peter Whitbread has informed the company of his intention to leave the Group for personal reasons. I would like to take this opportunity to thank Peter for his significant contribution to the Group since re-joining the Group in October 2012.

"Peter originally joined Lamprell in 1992 and was the architect of the Company that Lamprell finds itself today. After a career of approximately 18 years, Peter chose to retire having built and positioned Lamprell into a significant offshore contractor.

"When Peter re-joined the company, he was instrumental in the recovery process at that difficult time and we have greatly benefited from his wealth of experience and industry-wide expertise.

"On a personal level, I wish to thank him for his commitment and counsel.

"The board wishes him all the best for the future and I know that our major shareholder, Steven Lamprell, is especially appreciative of his efforts and input since 1992."


At 8:38am: [LON:LAM] Lamprell PLC share price was +0.13p at 144.88p



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