TIDMFEO
FeONIC plc
(" FeONIC" or the "Company")
New Director Appointment
The Directors of the Company wish to announce the appointment of a second Non
Executive Director to strengthen the Board and help to take the Company forward
to its next stage of growth.
Haydn Abbott has recently retired after spending over ten years in the
transport sector where he is well known and highly respected. He was most
recently CEO of Alpha Trains (formerly Angel Trains International) and
previously the CEO of the Angel Trains Group.
He has also been a Main Board Director of De La Rue plc as well as being the
CEO of Sony's UK business and then Vice - President of Sony Europe where he
gained considerable experience in both the consumer and industrial electronics
sector.
He is also currently Chairman of the Railway Children charity and Chairman of
the Department for Trade and Investment Rail Sector Advisory Group. He holds a
number of other non-executive and advisory posts.
Haydn has become closely associated with FeONIC during the last six months and
has made a significant investment in the Company. His experience in leading
companies in the transport and electronics sectors matches with the current
business strategy of focussing on exploiting the opportunities for the FeONIC
audio products in those two sectors.
Brenda Hopkins commented " We are so appreciative of the support that Non
Executive Directors can give and look forward to working with Haydn. He will
compliment the strong support that we have from Justin Urquhart Stewart , whose
wisdom and experience have helped us so much."
The Directors accept the responsibility for this announcement.
For further information:
Brenda Hopkins, Chairman. 07976350275
Brian Smith. Managing Director. 07870592919
Graham Beswick. Finance and Commercial Director. 07798937021
END
(END) Dow Jones Newswires
November 23, 2010 02:00 ET (07:00 GMT)