Matrix Composites & Engineering Limited announced the retirement of Mr. Nigel Johnson from its Board of Directors as well as the scheduled appointment of Mr. Steven Cole as a director of the company at the forthcoming board meeting in April 2014. Mr. Johnson had indicated his intention to resign in the new-year at the company's Annual General Meeting in November 2013. Nigel Johnson chaired the Board from 2008 until 2011, overseeing the capital investment decision to build the company's Henderson manufacturing facility as well as guiding the business through the Global Financial Crisis.

Nigel oversaw the development of a strong foundation that is now being used to leverage future growth. Going forward, ongoing materials and product research, productivity efficiencies, diversification of product lines and the development of service and project delivery capabilities will allow Matrix to continue growing market share in new and existing markets. Nigel was also responsible for implementing strong corporate governance processes and providing invaluable oversight to the financial management of the company.