Intermediate Capital Directorate Change
23 March 2018 - 8:00PM
UK Regulatory
TIDMICP
Intermediate Capital Group plc (the "Company")
23 March 2018
Intermediate Capital Group plc - Board Changes
The Board of the Company announces that Peter Gibbs and Kim Wahl will
not stand for re-election as Directors at the Annual General Meeting of
the Company to be held on 26 July 2018 and will retire from the Board
from that date.
As a result of these planned retirements from the Board, Andrew Sykes
will succeed Peter Gibbs as Senior Independent Director and, from 2
April 2018, Virginia Holmes will become Chair of the Remuneration
Committee. In addition, a review of the Board's Committees has been
undertaken to ensure they continue to have sufficient and appropriate
membership. The revised memberships will be available on the Company's
website from 2 April 2018.
Kevin Parry, Chairman of the Company, said: "I am very grateful to Peter
and Kim for their long service to the Board and the considerable
contribution they made to the success of the Company. As Chairman of the
Remuneration Committee and, since 2016, Senior Independent Director,
Peter has been responsive to shareholder feedback and has overseen a
crucial stage in the Board's development. Given his executive background
in asset management, Peter has also provided valuable insight to the
Board as we successfully grow the Company. Kim has invaluable private
equity experience and has added commercial acumen and a strong
understanding of European markets to the Board's proceedings. We wish
them both all the best for the future.
As part of our succession planning, Andrew Sykes and Virginia Holmes
were recruited with a view that they may take on these additional roles
in due course. Their respective experience and skill sets make them well
suited to these new capacities, and I look forward to continuing to work
with them."
Contacts:
Ian Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Andy Lewis
Company Secretary, ICG plc
+44 (0) 20 3201 7754
Helen Gustard/Susan Tether
Corporate Communications, ICG PLC
+44 (0) 20 3201 7770
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Intermediate Capital Group plc via Globenewswire
http://www.icgplc.com/
(END) Dow Jones Newswires
March 23, 2018 05:00 ET (09:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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