TIDMRCDO
RNS Number : 4274L
Ricardo PLC
06 September 2019
Ricardo PLC
6 September 2019
RICARDO PLC
DIRECTORATE CHANGES
Ricardo plc ("Ricardo") today announces the following changes to
its board of directors:
-- Peter Gilchrist is planning to stand down as Non-Executive
Director, Senior Independent Director and Chairman of the
Remuneration Committee, following 9 years of service, at the end of
the Annual General Meeting in November 2019.
-- Ricardo is pleased to announce, following recommendation from
the Nomination Committee, the appointment of Russell King as a
Non-Executive Director on 5 September 2019 and it is intended that
he will succeed Peter Gilchrist as Chairman of the Remuneration
Committee with effect from the close of the Annual General Meeting
in November 2019.
Russell King is Chairman of Hummingbird Resources plc, Senior
Independent Director and Remuneration Committee Chair of Spectris
plc. Russell is also an Independent Non-Executive of BDO LLP.
Between 2010 and 2013 he was a Senior Advisor to RBC Capital
Markets on Metals and Mining. Prior to this, Russell served as
Chief Strategy Officer at Anglo American plc. Additionally, Russell
was Senior Independent Non-Executive Director of Aggreko plc, from
February 2007 to April 2017. Russell is a Non-Executive Director of
Interserve PLC (In Administration). Russell will resign from this
role when the administration has been completed
Sir Terry Morgan CBE, Chairman of Ricardo, said:
"I am delighted to welcome Russell to the board of Ricardo. He
brings a wide range of international and engineering experience
and, as a non-executive director, has served as Remuneration Chair.
I am confident that Russell's experience will be of great benefit
to Ricardo."
Information Notified Pursuant to Listing Rule 9.6.13
Russell King holds or has held, the following directorships of
publicly quoted companies in the previous five years:
Hummingbird Resources plc (November 2014 - present)
Spectris plc (October 2010 - present)
Interserve PLC (In Administration) (September 2014 -
present)
Aggreko plc (February 2007 - April 2017)
Sepura plc (August 2014 - October 2016)
In addition, Ricardo is pleased to announce, following
recommendation from the Nomination Committee, the appointment of
Jack Boyer OBE, as Non-Executive Director on 5 September 2019.
Jack is a non-executive director of TT Electronics plc where he
is a member of the Audit, Remuneration and Nominations committees.
He chairs the Board of Trustees of the University of Bristol and is
a non-executive director of the Henry Royce Institute for Advanced
Materials.
He recently chaired AIM listed company Seeing Machines and was
previously a non-executive director at FTSE 250 companies Mitie plc
and Laird plc where he chaired the Remuneration committees and was
a member of the Audit and the Nominations Committees. His earlier
career experience was as a successful entrepreneur and CEO in
engineering and biosciences.
Jack holds degrees from Stanford University (BA Hons), the
London School of Economics (M.Sc.) and Insead (MBA).
Jack was awarded an OBE in 2015 for services to Science and
Engineering.
Sir Terry Morgan CBE, Chairman of Ricardo, said:
"I am delighted to welcome Jack to the board of Ricardo. He
brings a wide range of entrepreneurial, engineering and scientific
experience and, as a non-executive director, has served in a number
of significant roles. I am confident that Jack's experience will be
of great benefit to Ricardo."
Information Notified Pursuant to Listing Rule 9.6.13
Jack Boyer holds or has held, the following directorships of
publicly quoted companies in the previous five years:
TT Electronics plc (June 2016 - present)
Mitie Group plc (June 2013 - August 2018)
Laird plc (May 2013 - April 2016)
Ilika plc (March 2004- September 2015)
In accordance with the Listing Rules, there are no further
matters requiring disclosure under LR 9.6.13R of the Listing Rules
of the Financial Conduct Authority in relation to the appointments
of Russell King and Jack Boyer.
Additionally, Sir Terry Morgan CBE is planning to stand down as
Chair of the Nomination Committee at the close of the Annual
General Meeting in November 2019 and Ricardo is pleased to
announce, following recommendation from the Nomination Committee,
that Laurie Bowen will succeed him in this role.
Following Peter Gilchrist's planned retirement, Ricardo is
pleased to announce, following recommendation from the Nomination
Committee, that Malin Persson will become Senior Independent
Director at the close of the Annual General Meeting in November
2019.
Contact: Patricia Ryan Company Secretary Telephone: 01273 794776
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END
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