- Industrial fastenings maker Trifast said chairman Malcolm Diamond had decided to retire, effective at the end of March.

He would be replaced by current non-executive director and chair of the company's remuneration committee Jonathan Shearman.

'Having overseen the smooth CEO and CFO succession plan at Trifast as well as the adoption of the transformational 'Project Atlas', now halfway through its four-year implementation, I feel comfortable in retiring as chair at the end of March 2020 knowing that the Trifast Board and the business is in such good shape,' Diamond said.

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