discoverIE Group plc Board and Committee Changes (9478S)
15 March 2019 - 6:01PM
UK Regulatory
TIDMDSCV
RNS Number : 9478S
discoverIE Group plc
15 March 2019
15 March 2019
discoverIE Group plc
Board and Committee Changes
discoverIE Group plc (LSE:DSCV, the "Company") announces that
following six years of service, Henrietta Marsh and Richard Brooman
will be retiring from the Board at the conclusion of the annual
general meeting in July 2019.
Henrietta has served as a Non-Executive Director since May 2013
and as Chair of the Remuneration Committee since October 2014.
Richard has served as a Non-Executive Director since January 2013,
Chair of the Audit Committee since July 2013 and as Senior
Independent Director since December 2014.
Tracey Graham will succeed Henrietta as Chair of the
Remuneration Committee with immediate effect. Tracey has been a
Non-Executive Director since November 2015 and a member of the
Remuneration Committee since February 2016. Tracey is also
Non-Executive Director and Chair of the Remuneration Committee at
Royal London Mutual Building Society and Ibstock plc.
Bruce Thompson, who joined the Board as a Non-Executive Director
in February 2018, will succeed Richard as Senior Independent
Director. Recruitment of an additional Non-Executive Director and
Audit Committee Chair is underway and an announcement will be made
in due course.
Malcolm Diamond MBE, Chairman, commented:
"On behalf of the Board, I would like to thank Henrietta and
Richard for their valuable contribution to the Company over the
last six years. We wish them both well for the future."
For further information, please contact:
01483 544
discoverIE Group plc 500
Nick Jefferies - Group Chief Executive
Simon Gibbins - Group Finance Director
020 7457
Instinctif 2020
Mark Garraway
James Gray
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that designs, manufactures and supplies innovative components for
electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. With in-house
engineering capability, we are able to design components to meet
customer requirements, which are then manufactured and supplied,
usually on a repeating basis, for their ongoing production needs.
This generates a high level of repeating revenue and long term
customer relationships.
By focusing on key markets which are driven by structural growth
and increasing electronic content, namely renewable energy,
transportation, medical and industrial connectivity, the Group aims
to achieve organic growth that is well ahead of GDP and to
supplement that with targeted complementary acquisitions.
The Group employs c.4,300 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE Small Cap Index, classified
within the Electrical Components and Equipment subsector, and has
revenue of GBP0.4bn. Over the last five years, revenue and
underlying earnings per share has more than doubled.
This information is provided by RNS, the news service of the
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END
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