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Northbridge Industrial Services PLC founder and chief executive Eric Hook to


() said Eric Hook, its chief executive and founder, is to retire.

He will step down from the board at the end of March although he will remain on call as a strategic advisor and will remain a significant shareholder in the company.

Company chairman Peter Harris will take on executive duties once Hook retires, with the executive directors of Northbridge’s two divisions (Crestchic and Tasman) reporting directly to him.

Chris Caldwell, the managing director of the Crestchic division, will be promoted to the board, subject to completing the requisite regulatory checks.

“Since establishing Northbridge in 2005 and steering it through its IPO in March 2006, we have been through some good and turbulent times, including weathering the current pandemic well. As I come to retire, I believe we have established a solid and secure foundation for future growth, and we have a good team that can take the business forward,” Hook said.

Shares in Northbridge were up 2.0% at 101p.



Read More: Northbridge Industrial Services PLC founder and chief executive Eric Hook to

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