De La Rue PLC Directorate Change (9899N)
May 22 2015 - 2:01AM
UK Regulatory
TIDMDLAR
RNS Number : 9899N
De La Rue PLC
22 May 2015
DE LA RUE PLC
CHANGE OF DIRECTORATE
De La Rue plc announces that, having served nine years as a
Non-executive Director, Gill Rider has advised the Board that she
intends to step down at the Company's AGM on 23 July 2015. Dr Rider
was appointed as a Non-executive Director of De La Rue plc on 22
June 2006 and is currently Chairman of the Remuneration
Committee.
The Company is pleased to announce the appointments of Maria Da
Cunha and Sabri Challah as Non-executive Directors of the Company
with effect from 23 July 2015.
Ms Da Cunha is currently Director of People and Legal at British
Airways plc, a position she has held since 2011. Ms Da Cunha joined
British Airways in 2000 and has extensive experience of people
strategy, including culture change, talent management and learning
and development, as well as experience in high profile and complex
international legal matters and international government and
regulatory affairs. She is a member of British Airways' Executive
Board.
Dr Challah, following a 28 year career with Deloitte, the
multinational professional services firm, has significant and wide
ranging experience in organisational design, change management,
strategy, and corporate development. As a partner at Deloitte
between 1991 and 2013, he held a range of positions and served as a
Member of both the Global and UK Board (where he was Chairman of
the Remuneration Committee). His work for clients across a range of
industries includes significant experience in the public
sector.
Dr Challah will succeed Gill Rider as Chairman of the
Remuneration Committee.
We are also pleased to announce the appointment of Rupert
Middleton, Chief Operating Officer, to the Board as an Executive
Director of the Company with effect from 23 July 2015. Mr Middleton
joined De La Rue in October 2011 and has extensive experience of
manufacturing with a particular emphasis on printing. During his
time with De La Rue Mr Middleton has transformed the Manufacturing
function through the implementation of an operational excellence
programme. Previously he was Group Director of Manufacturing at
Trinity Mirror, responsible for the integrated manufacturing
division.
The new appointments will take effect immediately following the
Annual General Meeting of the Company on 23 July 2015.
As previously announced, Warren East will step down as a
Non-executive Director at the Company's AGM on 23July 2015. Andrew
Stevens will succeed Mr East as the Senior Independent Director and
Victoria Jarman will succeed Mr East as Chairman of the Audit
Committee.
Philip Rogerson, Chairman of De La Rue plc said:
"On behalf of the Board I would like to thank Gill Rider and
Warren East for their wise counsel and invaluable contribution
during their time as Non-executive Directors, and their careful
stewardship of the Remuneration Committee and Audit Committee
respectively. We extend our very best wishes to Gill and Warren for
the future.
"Maria Da Cunha and Sabri Challah bring highly relevant
experience of strategy execution and change management which will
enable them to make an excellent contribution to the Board at an
exciting time for the business. I look forward to welcoming them to
De La Rue. Rupert Middleton has a proven track record of driving
productivity, quality and procurement improvements and his
expertise will be an important asset to the Board".
There is nothing which is required to be disclosed under Listing
Rule 9.6.13 in respect of Maria Da Cunha, Sabri Challah or Rupert
Middleton.
- ends -
22 May 2015
Enquiries:
De La Rue plc +44 (0)1256 605000
Martin Sutherland Chief Executive
Colin Child Group Finance Director
Brunswick +44 (0)207 404 5959
Jon Coles
Oliver Hughes
Notes to editors:
De La Rue is a leading commercial banknote printer, security
paper maker and provider of security products and software
solutions and, as a trusted partner of governments, central banks
and commercial organisations around the world, is at the forefront
of the battle against the counterfeiter.
As the world's largest commercial banknote printer, De La Rue
provides customers with a fully integrated range of sophisticated
products and services which are available either individually or as
a whole. This includes a leading design capability, production of
innovative security components, manufacture of security paper and
polymer substrates and sophisticated printing of banknotes, all
contributing to trust in the integrity of currencies.
De La Rue is the world's largest commercial passport
manufacturer in an environment of increasing global concern over
security at national boundaries and border control. De La Rue also
produces a wide range of other security products, including tax
stamps for governments who are seeking to combat illicit trade and
collect excise duties. Other products include authentication
labels, assuring purchasers of product validity, and government
identity documents. In addition the Group manufactures high speed
cash sorting and banknote inspection equipment.
The company also provides a range of specialist services and
software solutions including government identity schemes, product
authentication systems and cash management processing
solutions.
De La Rue is listed on the London Stock Exchange (LON:DLAR). For
further information visit www.delarue.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAUAVBRVWAVUAR
De La Rue (LSE:DLAR)
Historical Stock Chart
From Mar 2024 to Apr 2024
De La Rue (LSE:DLAR)
Historical Stock Chart
From Apr 2023 to Apr 2024
