Transense deputy chairman David Kleeman to retire

Transense Technologies PLC deputy chairman David Kleeman is to retire from the board of the company on 31 December 2014. Kleeman is the former non-executive chairman and stepped down from that role in October 2013 to become deputy chairman. He was replaced as chairman by David Ford.

Kleeman commented: “I am pleased to have overseen the development of Transense into a company with an impressive range of products which are attracting keen interest from an wide range of significant potential customers worldwide. I have been at the company for seven years and feel that now is an appropriate time for me to retire. I wish the company every success in the future.”

David Ford added: “The company is very grateful to David for all of his hard work and valuable contributions to the company over the last seven years. He has been a very effective chairman and non-executive director and his presence will be sorely missed. We all

Transense shares fell 14 per cent in response to the news.