Hydrodec Group plc announced that Ian Smale, Chief Executive, will step down as Chief Executive of the company by mutual agreement on December 4, 2015. Since joining in 2012, Ian has led the Company's expanded footprint and been fundamental to the development of the Company's strategy. The Board announced the appointment of the company's current Chief Financial Officer, Chris Ellis, as Acting Chief Executive with immediate effect.

Chris' appointment is for an initial term of up to 6 months and Chris will, in the near term, undertake the roles of both Acting Chief Executive and Chief Financial Officer. The Company also announced that Caroline Brown will assume the role of Senior Independent Director with effect from December 4, 2015, having joined the Company as an Independent Non-Executive Director and Chair of the Audit Committee on 23 September 2015. Caroline will support Chris in ensuring the financial function is appropriately managed and monitored.