Molins PLC announced the forthcoming appointment of Antony (Tony) Steels as Chief Executive and a director. The appointment takes effect from 6 June 2016, with Dick Hunter stepping down from the Board on that date to pursue new interests after eight years as Chief Executive. Dick's employment notice period of six months commences from today's date and he will work with Tony for a period to facilitate an orderly transition.

In addition, the Board announced the appointment of Andrew Kitchingman as a non-executive director with immediate effect. These changes follow a review of Board composition and structure. Tony Steels has extensive experience in engineering, both in the UK and internationally, and a proven track record in business development.

He joins Molins from Cytec, part of Solvay SA. Andrew Kitchingman is a Fellow of the Institute of Chartered Accountants in England and Wales and enjoyed a long career in corporate finance working for both consultancy firms and stockbrokers, including KPMG, Hill Samuel, Albert E Sharp, Brewin Dolphin and WH Ireland, across a wide range of business sectors, both public and private. Andrew will serve on Molins' Remuneration, Nomination and Audit Committees and will chair the Audit Committee.