Quindell PLC Board Appointment (1150K)
April 14 2015 - 2:01AM
UK Regulatory
TIDMQPP
RNS Number : 1150K
Quindell PLC
14 April 2015
14 April 2015
Quindell Plc
("Quindell" or the "Company" or the "Group")
Board Appointment
On 30 March 2015, Quindell Plc (AIM: QPP.L) announced the
proposed sale of its Professional Services Division to Slater and
Gordon Limited ("Slater and Gordon") and certain Board changes that
would follow completion of that disposal ("Completion"). Completion
is conditional on, inter alia, approval from the Company's
shareholders, the Solicitors Regulation Authority and the Financial
Conduct Authority.
The Company now announces that Mark Williams will become Group
Finance Director and will join the Board with effect from
Completion. Mr Williams has been working as an integral member of
the consultancy team appointed to assist the Board in January
2015.
As part of these changes, the Company confirms that Laurence
Moorse, the outgoing Group Finance Director, will step down from
the Board at Completion but will remain available to the Board and
the finance team to provide an orderly handover.
In addition, the Company has commenced an external and internal
search process for the Group Chief Executive Officer role, which
will be vacant on Completion because, as previously announced,
Robert Fielding will transfer to Slater and Gordon.
Commenting on the forthcoming appointment, Richard Rose,
Non-executive Chairman Designate, said: "Mark has been working with
the Group for a number of months and has been assisting the Board
on a number of work streams. This experience will help him hit the
ground running and we are delighted to welcome Mark to this new
phase in the Company's history."
Information required under paragraph (g) of Schedule 2 of the
AIM Rules will be made at the time of the formal appointment of Mr
Williams.
Background information
Mark Williams, aged 50, is a Fellow of the Institute of
Chartered Accountants and has nearly 30 years of finance
experience. Mark has had a varied career to date, having qualified
with what is now Deloitte. His experience ranges from a technology
driven entrepreneurial start up through to divisions of major
international FTSE businesses and through several business cycles.
He has operated at board level for the past 15 years, including
roles at AXA, Cofunds, Guardian Royal Exchange, Legal &
General, Old Mutual and Skandia.
For further information:
Quindell Plc Tel: 01489 864 200
David Currie, Non-executive Interim
Chairman
Robert Fielding, Group Chief Executive
Stephen Joseph, Head of Investor Relations
Tulchan Communications Tel: 020 7353 4200
Susanna Voyle
Victoria Huxster
Cenkos Securities plc, Nominated Adviser Tel: 020 7397 8900
and broker
Stephen Keys
Mark Connelly
This information is provided by RNS
The company news service from the London Stock Exchange
END
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