Spirent Communications PLC SPIRENT CHIEF EXECUTIVE OFFICER TO RETIRE IN 2019 (4055H)
15 November 2018 - 6:02PM
UK Regulatory
TIDMSPT
RNS Number : 4055H
Spirent Communications PLC
15 November 2018
SPIRENT COMMUNICATIONS PLC
SPIRENT CHIEF EXECUTIVE OFFICER TO RETIRE IN 2019
London, UK - 15 November 2018: Spirent Communications plc
("Spirent", the "Company" or the "Group") (LSE: SPT), a leading
communications technology company, announces that Eric Hutchinson
has informed the Board of his wish to retire from the Company. As a
result, the Board is commencing a search process for his
replacement.
Eric has agreed to continue in his role as Chief Executive
Officer until a replacement has been appointed and for a
transitional period thereafter. As part of our overall succession
planning, we have a relationship with Korn Ferry, who will be
assisting us with this search process.
Separately today, the Company has also announced a trading
update covering the period until the end of Q3.
Eric Hutchinson commented, "I have very much enjoyed the last 36
years at Spirent, and particularly the last 5 years as CEO.
However, I have decided that it is now the right time for me to
plan for my retirement. I believe that the company has many
opportunities, and an exciting future, ahead of it and I remain
fully committed over the coming months to ensuring the continued
success of the business."
Bill Thomas, Chairman, commented, "Eric has made a huge
contribution to Spirent over the last 36 years, for which the Board
is very grateful. We are also pleased that Eric will continue to
lead our business whilst we find and appoint his successor. The
Board has appointed Korn Ferry to conduct a search for Eric's
successor which will begin immediately and will provide an update
in due course."
- ends -
Enquiries
Eric Hutchinson, Chief Executive Spirent Communications
Officer plc +44 (0)1293 767676
Paula Bell, Chief Financial
Officer
James Melville Ross/Dwight
Burden/ +44 (0)20 3727
Adam Davidson FTI Consulting 1000
About Spirent Communications plc
Spirent Communications plc (LSE: SPT) offers test, measurement,
analytics and assurance solutions for next-generation devices and
networks. Spirent provides products, services and information
solutions for high-speed Ethernet, positioning mobile network
infrastructure markets, with expanding focus on service assurance,
cybersecurity and 5G. Spirent is accelerating the transition of
connected devices, network equipment and applications from
development labs to the operational network, as it continues to
innovate toward fully-automated testing and autonomous service
assurance solutions. Further information about Spirent
Communications plc can be found at
https://corporate.spirent.com/.
Spirent Communications plc Ordinary Shares are traded on the
London Stock Exchange (ticker: SPT; LEI: 213800HKCUNWP1916L38). The
Company operates a Level 1 American Depositary Receipt (ADR)
programme with each ADR representing four Spirent Communications
plc Ordinary Shares. The ADRs trade in the US over-the-counter
(OTC) market under the symbol SPMYY and the CUSIP number is
84856M209. Spirent ADRs are quoted on the Pink OTC Markets
electronic quotation service which can be found at
http://www.otcmarkets.com/marketplaces/otc-pink.
Spirent and the Spirent logo are trademarks or registered
trademarks of Spirent Communications plc. All other trademarks or
registered trademarks mentioned herein are held by their respective
companies. All rights reserved.
Cautionary statement regarding forward-looking statements
This document may contain forward-looking statements which are
made in good faith and are based on current expectations or
beliefs, as well as assumptions about future events. You can
sometimes, but not always, identify these statements by the use of
a date in the future or such words as "will", "anticipate",
"estimate", "expect", "project", "intend", "plan", "should", "may",
"assume" and other similar words. By their nature, forward-looking
statements are inherently predictive and speculative and involve
risk and uncertainty because they relate to events and depend on
circumstances that will occur in the future. You should not place
undue reliance on these forward-looking statements, which are not a
guarantee of future performance and are subject to factors that
could cause our actual results to differ materially from those
expressed or implied by these statements. The Company undertakes no
obligation to update any forward-looking statements contained in
this document, whether as a result of new information, future
events or otherwise.
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END
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