Ricardo PLC Directorate Changes (9833S)
14 November 2013 - 6:01PM
UK Regulatory
TIDMRCDO
RNS Number : 9833S
Ricardo PLC
14 November 2013
14 November 2013
RICARDO PLC
DIRECTORATE CHANGES
1. RICARDO ANNOUNCES MICHAEL HARPER'S RETIREMENT AS CHAIRMAN
Ricardo plc announces that the current non-executive Chairman,
Michael Harper, will retire from the Board at the end of the Annual
General Meeting in November 2014.
Michael was appointed to the Board as a non-executive director
in June 2003 and became Non-Executive Chairman in November
2009.
Terry Morgan CBE will join the Board of Ricardo plc as a
non-executive director and Deputy Chairman on 2 January 2014 and it
is intended that he will succeed Michael Harper as Chairman with
effect from the close of the Annual General Meeting in November
2014.
Terry Morgan CBE is currently the Non-Executive Chairman of
Crossrail Limited and the Manufacturing Technology Centre and the
National Skills Academy for Railway Engineering. He is also a
Non-Executive Director of the Department of Energy and Climate
Change and Boxwood Limited.
Ricardo's' Senior Independent Director, David Hall CBE,
commented:
"On behalf of the Board, I would like to thank Michael for his
excellent stewardship over the last four years, during which
Ricardo has made considerable strategic and financial progress. I
wish him every success for the future. At the same time I am
pleased to welcome Terry to the Board. He has many years of
Board-level experience at the top of UK industry and we look
forward to his valuable contribution to the business."
Michael Harper commented:
"I have thoroughly enjoyed my time as Ricardo Chairman and I am
delighted to hand over to such a well-respected and experienced
successor as Terry when I retire from the Board next year. His
significant business knowledge allied to his proven track record of
being Chairman of major companies makes him ideally positioned to
help Ricardo on the next stage of its journey."
Terry Morgan commented:
"I am very much looking forward to working with the Board and
the executive team in the next stage of the Company's development
and to making a significant contribution to the business, building
on the firm foundations put in place by Michael."
Information Notified Pursuant to Listing Rule 9.6.13
Terry Morgan holds, or has held, the following directorships of
publicly quoted companies in the previous five years:
MITIE Group plc
There are no other details to disclose under Listing Rule
9.6.13.
2. CHAIR OF REMUNERATION COMMITTEE
After four years service, David Hall CBE will step down as Chair
of the Remuneration Committee from the close of today's Annual
General Meeting. David will continue in his role as Senior
Independent Director.
Following recommendation from the Nomination Committee, Peter
Gilchrist CB will succeed as Chair of the Remuneration
Committee.
Michael Harper said: "On behalf of the Board, I would like to
thank David for his valuable contribution as Chair of the
Remuneration Committee and I look forward to working with Peter in
his new role."
For further information contact:
The Company Secretary, Patricia Ryan 01273 794776
This information is provided by RNS
The company news service from the London Stock Exchange
END
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