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4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Quickstep Holdings Limited    QHL   AU000000QHL1

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Quickstep Holdings Limited : Director Appointment/Resignation

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07/08/2013 | 11:56am CEST

ASX/Media Release 8 July, 2013

Quickstep appoints Non-Executive Director Sydney, 8 July 2013 - Carbon composites manufacturer Quickstep Holdings Limited (ASX: QHL) is pleased to announce the appointment of Mr Nigel Ampherlaw as an independent non-executive director of the company.

Mr Ampherlaw joins Quickstep following a successful career as a chartered accountant, having been a partner with PwC (formerly Coopers & Lybrand) from 1988, and has extensive experience in risk management, technology, consulting and auditing. Mr Ampherlaw's tenure as a partner included membership of the PwC Global Financial Services Advisory Leadership Team between 2004 and 2010, and he was PwC Consulting Practice Leader from 2004 to 2008.
Mr Ampherlaw's current corporate Directorships include a Non-Executive Directorship with Credit Union Australia, where he is Chair of the Risk and Technology Committees and a member of the Audit and Strategy Committees; and a non-executive Director of the Australian Red Cross Blood Services, where he is a member of the Finance and Audit Committee and a member of the Risk Committee. Mr Ampherlaw has also been a member of the Grameen Foundation Australia charity board since 2012.
Following three years on the Board Mr David Wills has retired as a non-executive director and as Chairman of the
Audit, Risk and Compliance Committee.
Mr Ampherlaw's appointment and Mr Wills' resignation are effective immediately.
Quickstep's Chairman, Mr Tony Quick, welcomed Mr Ampherlaw to the Board, saying, "I look forward to working with Nigel and gaining the benefit of his skills and experience as Quickstep seeks to consolidate and expand our carbon composites business. On behalf of my fellow directors I would also like to thank David for his contribution to the transformation process within Quickstep over the last three years, and in particular his role as Chairman of the ARC Committee, which is such a crucial role in fledgling companies such as Quickstep. We wish David an enjoyable retirement as he steps back from his extensive business commitments."
Further information about all of Quickstep's directors is available on the company's website.

-ENDS-


Background on Quickstep Holdings Limited

Quickstep Holdings (ASX:QHL) is a manufacturer of advanced carbon fibre composites for the aerospace and defence and automotive industries. The company operates state-of-the-art manufacturing facilities at Bankstown Airport in Sydney, Australia, and has offices in Germany and the United States.

Quickstep is an approved supplier for the international F-35 Lightning II Joint Strike Fighter (JSF) program - the largest military aerospace program in the world, valued at in excess of US$300 billion worldwide. The company has also been selected by Lockheed Martin as the sole supplier of composite wing flaps for the C-130J "Hercules" military transport aircraft. Quickstep is currently partnering with some of the world's largest aerospace/defence organisations, including the US Department of Defense, Loc kheed Martin, Northrop Grumman, Airbus and EADS.

Quickstep is also developing patented manufacturing technologies to produce high-volume A-grade finished composite components for automotives and specialist thick parts such as spars and wing skins for large defence and commercial aircraft. The company is currently working with the US Department of Defence to qualify its patented Quickstep Process and Resin Spray Technology (RST) for JSF, and is also conducting a major research and development program with car maker Audi aimed at delivering high-quality finish, low cost, fast processing of carbon fibre composite, together with specialised resins, particularly adapted to the automotive industry.

For further information: Investors

Philippe Odouard - Managing Director

Quickstep Holdings Limited

Telephone: (+61-2 9774 0308)

E: podouard@quickstep.com.au

Media

Ashley Rambukwella / Robert Williams

Financial & Corporate Relations

Telephone: (+61 2 8264 1004 / 0407 231 282 or +61 2 8264

1003 / 0468 999 369)

E: a.rambukwella@fcr.com.au or r.williams@fcr.com.au

Or:

Visit www.quickstep.com.au

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Financials ( AUD)
Sales 2016 48,0 M
EBIT 2016 1,00 M
Net income 2016 -2,40 M
Debt 2016 0,60 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 65,00
EV / Sales 2016 1,54x
EV / Sales 2017 1,45x
Capitalization 73,1 M
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Number of Analysts 1
Average target price -
Spread / Average Target -100%
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Managers
NameTitle
David Marino Chief Executive Officer, MD & Executive Director
Tony Quick Executive Chairman
Michael Schramko Vice President-Manufacturing & Operations
Andrew Robert Crane Chief Financial Officer
Errol John McCormack Independent Non-Executive Director
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