Flowtech Fluidpower plc announces that Bryce Brooks has, after 13 years with the business, taken the decision to step down as Chief Executive Officer and leave the Company. The Board announces that with immediate effect Mike England has been appointed the Group CEO and joins the PLC Board. He has worked withinthe FTSE100 and FTSE250 environment,most recently as Group COO of RS Group plc.

During April 2023 there will be a managed handover of Executive duties to Mike, with Bryce, thereafter, remaining availableto the Group in an advisory capacity. Bryce joined the Group as CFO in 2010 and became CEO in 2018 during which time, he hasled the organic and acquisitive growth strategy establishing a leading position within the UK and Irish markets and extending operations into Europe. Over the last three years he has led and implemented the restructuring programme, simplifying the business and bolstering digital capabilities to set the business up for longer term growth.

Mike brings over 25 years of industry experience to the business; between 2015-2022 he has worked in senior roles for RS Group plc and, as part of the senior management team focused on firstly transforming RS Group's UK and Ireland region, before then leading the strategy and growth of the EMEA region all of which resulted in delivering excellent P&L growth for the business. In 2020 he took up the role of Group Chief Operating Officer managing the Group's P&L across the Americas, EMEA and APAC as well as global functions including Marketing, Digital, Product, Private Label, and Innovation. Prior to RS Group he held a number of commercial and operational roles within the UK and Europe including with Hagemeyer NV (trading now as Rexel) (1997-2005) and Brammer (2005-2015) (trading now as Rubix).