RNS Number : 9054M
Pressure Technologies PLC
17 January 2023

Pressure Technologies plc

("Pressure Technologies" or the "Company")


Appointment of Chief Financial Officer


Pressure Technologies plc, (AIM: PRES), the specialist engineering group, is pleased to announce the appointment of Steve Hammell as Chief Financial Officer (CFO) of the Company. He will join the Company and Board in the second quarter of this calendar year.

Steve is currently CFO of Sheffield Forgemasters International Ltd, a world leader in the manufacture of ultra-heavy forgings and castings that serves a wide range of industry sectors, including UK and international defence markets.


A Chartered Accountant with 29 years' experience, Steve has held several financial leadership roles, including CFO of AIM-quoted cyber security specialist, ECSC Group plc, and Group Finance Director of international technology consultancy, eBECS Ltd.


Steve spent his early career with PwC, Yorkshire Bank and Grant Thornton, where he worked on a wide range of M&A transactions. A member of the Chartered Institute for Securities & Investment, Steve holds a first class honours degree in Economics & Management from the University of Leeds.


Further to the Company's announcement on 15 November 2022, James Locking will be stepping down as Chief Financial Officer at the end of February 2023. Recent management changes within the Company's finance function and the addition of interim finance support will help ensure the completion of ongoing projects, including the FY22 Audit, and a smooth transition.


Nick Salmon, Chair of Pressure Technologies commented:


"We are delighted that Steve will be joining the Company and Board, where his considerable knowledge and experience will contribute significantly to the development of the business.

The Board would like to thank James for his contribution and service to the business over the past four years and wishes him every success for the future."

Regulatory disclosures


In accordance with Schedule 2(g) of the AIM Rules for Companies, Stephen John Hammell (aged 49) is, or has been within the previous five years, a director or partner of the following companies or partnerships:


Current directorships/partnerships

Past directorships/partnerships

Sheffield Forgemasters International Ltd

Sheffield Forgemasters Steel Ltd

Sheffield Forgemasters Engineering Ltd

Vulcan SFM Ltd

Sheffield Forgemasters RD26 Ltd

Steel Propeller Ltd

Sheffield Forgemasters Share Trustees Ltd

Sheffield Forgemasters Inc

ECSC Group plc

ECSC Services Ltd

ECSC Labs Ltd

ECSC Australia Ltd

ECSC Australia Pty Ltd


There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.


Further announcements will be made in due course.


For further information, please contact:

Pressure Technologies plc

Chris Walters, Chief Executive


Tel: 0330 015 0710

Singer Capital Markets (Nomad and Broker)

Rick Thompson / Asha Chotai

Tel: 0207 496 3000

Houston (Financial PR and Investor Relations)

Kay Larsen / Ben Robinson

Tel: 0204 529 0549




With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial and hydrogen energy markets.


The Group has two divisions, Chesterfield Special Cylinders and Precision Machined Components.


Chesterfield Special Cylinders (CSC) -

● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH.


Precision Machined Components (PMC) -

● Precision Machined Components includes the Al-Met, Roota Engineering and Martract sites.  




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