IWG PLC Directorate Change (4216R)
28 February 2019 - 9:36PM
UK Regulatory
TIDMIWG TIDMTTM
RNS Number : 4216R
IWG PLC
28 February 2019
IWG PLC
DIRECTORATE CHANGES
IWG plc (the "Company"), the global operator of leading co-work
and workspace brands, today announces that Elmar Heggen will step
down as Non-Executive Director and Chairman of the Audit Committee
effective from the Company's annual general meeting to be held on
14 May 2019. Elmar has served on the Board since 1 June 2010.
The Company is pleased to announce that Laurie L. Harris will
join IWG as a Non-Executive Director of the Company and succeed
Elmar as Chair of the Audit Committee. The appointment will take
effect from 14 May 2019 and is subject to applicable law including
shareholder approval at the Company's forthcoming annual general
meeting.
Laurie has significant executive leadership and boardroom
experience. She currently serves as an Independent Director and
Audit Committee Chair of the board of directors of QBE North
America, an integrated specialist insurer. Previously, Laurie spent
38 years with PricewaterhouseCoopers LLP, most recently as a Global
Engagement Audit Partner where she helped PricewaterhouseCoopers
LLP's largest clients address and act upon complex business
challenges and opportunities in the United States and
internationally. Laurie has advised over 20 Audit Committees of
large public companies and private equity backed entities including
Fortune 100 financial services companies.
In addition, the Company announces that Nina Henderson has been
appointed as the Non-Executive Director with responsibility for
engagement with the workforce as foreseen by the 2018 UK Corporate
Governance Code. In addition Nina will also take over
responsibilities for board oversight of the corporate
responsibility activities of the Group, including community
projects and environmental activities impact.
Commenting on the changes announced today, Doug Sutherland,
Chairman of IWG plc, said:
"I would like to thank Elmar for the significant contribution he
has made to the Board over the last nine years. We are very
fortunate to have benefitted from his expertise and experience over
this time, and I wish him well for the future.
"We are delighted to have secured someone of Laurie's calibre to
succeed Elmar as Chair of the Audit Committee. Laurie is a proven
executive with strong leadership experience across private and
public companies and we know that she will be of great value to the
Board.
"Nina has provided invaluable support to the Board over the past
five years and I am confident she will effectively implement the
new role with respect to employee engagement as well as taking over
for the Company's corporate responsibility activities."
There is no information required to be disclosed pursuant to LR
9.6.13
For further information, please contact:
IWG plc +41 (0) 41 723 2353
Mark Dixon, Chief Executive
Wayne Gerry, Group Investor Relations Director
Matt Young, Group Corporate Affairs Director
Brunswick Group LLP +44 (0) 20 7404 5959
Simone Selzer / Oliver Sherwood
For more information, please visit www.iwgplc.com
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END
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