Dialight PLC Appointment of new Chairman (8214H)
05 August 2019 - 4:01PM
UK Regulatory
TIDMDIA
RNS Number : 8214H
Dialight PLC
05 August 2019
This announcement contains inside information for the purposes
of article 7 of EU Regulation 596/2014
Dialight plc
("Dialight" or "the Group")
Appointment of new Chairman
Dialight plc (LSE: DIA.L), the global leader in LED lighting for
heavy industrial applications, today announces a change in
Chairman.
Wayne Edmunds has indicated to the Board that now is an
appropriate time for him to step down as Chairman of the Board. The
Board has accepted his decision and wishes to place on record its
thanks for his contribution to Dialight.
The Board has asked David Blood, non-executive director, to take
on the position of Chairman of the Board and he has accepted with
immediate effect. The Board believes that David is well placed to
do so given his knowledge of Dialight, its operations and people.
David is co-founder and Senior Partner of Generation Investment
Management, a 20.1% shareholder in Dialight, and is therefore not
considered "independent" under the UK Corporate Governance Code.
However, the Board continues to consider David independent in
character and judgement.
David Blood commented: "The Board's focus remains on supporting
management to further improve the Group's operational performance,
ensure successful new product launches and rebuild customer
relationships. Dialight has significant potential that should be
realised for the benefit of customers, employees, shareholders and
other stakeholders."
Wayne Edmunds commented: "The Company has experienced a
challenging few years. However, it is now well positioned for the
future, and I feel it is an appropriate time to step down from the
Board. I wish Dialight well and look forward to it achieving its
potential."
Contacts:
Dialight Plc
Tel: +44 (0)203 058 3542
Marty Rapp - Group Chief Executive up to 9 August 2019
Tel: +44 (0)203 058 3542
Fariyal Khanbabi - Group Finance Director, Interim CEO from 9
August 2019
MHP Communications
Tel: +44 (0)20 3128 8570
Tim Rowntree, Guy Featherstone, Pete Lambie
About Dialight:
Dialight (LSE: DIA.L) is a global leader in sustainable LED
lighting for industrial applications. Dialight's LED products are
providing the next generation of lighting solutions that deliver
reduced energy consumption and create a safer working environment.
Our products are specifically designed to provide superior
operational performance, reliability and durability, reducing
energy consumption and ongoing maintenance and achieving a rapid
return on investment.
The company is headquartered in the UK with operations in the
USA, UK, Denmark, Germany, Malaysia, Singapore, Australia, Mexico,
Dubai and Brazil. www.dialight.com.
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END
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