Delcam Appoints New Chairman, Non-Executive Director
 BIRMINGHAM,
UK, May 17, 2007 - Delcam appoints new Chairman and Non-Executive Director
CADCAM developer Delcam is pleased to announce the appointments of Peter
Miles as Chairman and of Geoffrey McFarland as a Non-Executive Director.
 Peter
Miles takes over as Chairman following the retirement of Thomas Kinsey
at the Company’s Annual General Meeting on 14th May. He has been associated
with Delcam for 18 years and has been a Non-Executive Director for the past
10 years since joining the Board in 1997. He was previously Corporate
Finance Partner at Deloitte and Touche.
Geoffrey McFarland’s appointment took effect following a Board meeting
immediately after the AGM. He has joined Delcam’s Board following Renishaw’s
£6.1 million investment, representing 20 percent of the issued capital, in
the business on 23 April 2007. Mr. McFarland, aged 38, has been a director
of Renishaw plc since July 2002, and is also a director of Pulse Teq Limited
and Metrology Software Products Limited.
Hugh Humphreys, Managing Director of Delcam said, “On behalf of the
Board, I would like to thank Tom Kinsey sincerely for his very valuable
contribution over the last 18 years as Chairman of Delcam. His guidance and
support has helped to drive our turnover from £4.5m in 1989 to £27m last
year. I am pleased to report that Tom has kindly agreed to continue to work
as a consultant to Delcam.
“We are delighted that Peter Miles has agreed to take on the role of
Chairman. Peter has also been associated with the Company for 18 years and
became a Non-Executive Director in 1997 when we joined AIM. We welcome
Geoffrey McFarland to the Board and look forward to the contribution he will
make in helping to continue the development of our Company.”
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