"After eight very successful years as Group Managing Director and member of the Thomas Cradley Holdings Limited Board, Andrew Palmer has indicated his intention to retire from his full-time executive role on 30 April 2013.
"The Board and the shareholders would like to express considerable thanks to Andrew for the way in which he has transformed the fortunes of the Company making it a highly profitable and substantial global provider of bulk logistics services with an outstanding reputation for safe, high quality services.
"Whilst Andrew will be stepping down as Group Managing Director, I am pleased to tell you that he will, with effect from 1 May 2013 join the TCH Board as a non-executive Director. We are delighted that the Group will continue to benefit from his knowledge and experience.
"I am also pleased to announce that Andrew’s successor as Group Managing Director will be John Sutton, who currently manages the Group’s International Division. John will work with Andrew from now until the end of April 2013 to facilitate a smooth and efficient hand-over. Then with effect from 1 May 2013 John will become the Group Managing Director and will also join the TCH Board.
"John has managed the International Division through a period of high growth and the Board looks forward to him building on the excellent work done by Andrew.
"A separate announcement will be made about the succession in the International Division.
"I am sure you will join me in wishing both Andrew and John the very best of good fortune in their future role."