Ricardo PLC Directorate Change (1487D)
April 24 2017 - 8:58AM
UK Regulatory
TIDMRCDO
RNS Number : 1487D
Ricardo PLC
24 April 2017
Directorate Changes
Ricardo PLC
24 April 2017
RICARDO PLC
DIRECTORATE CHANGES
Ricardo plc ("Ricardo") today announces the following changes to
its board of directors:
-- Ian Lee is planning to stand down as Non-Executive Director
and Chairman of the Audit Committee, following 9 years of service,
at the end of the Annual General Meeting in November 2017
-- Ricardo is pleased to announce, following recommendation from
the Nomination Committee, the appointment of Bill Spencer as a
Non-Executive Director on 24 April 2017 and it is intended that he
will succeed Ian Lee as Chairman of the Audit Committee with effect
from the close of the Annual General Meeting in November 2017.
Bill is currently also a non-executive director and Senior
Independent Director of Exova Group plc, where he chairs the audit
committee. He is also the Senior Independent non-executive Director
at Northgate plc and chairman of the audit and risk committee. He
is also a non-executive member of the Finance Committee of the
Royal Institution of Charter Surveyors. Bill was previously a
non-executive director and audit committee chairman of UK Mail
Group plc.
A significant part of Bill's executive career was spent at
Intertek Group plc, where he was the Chief Financial Officer for 14
years. Prior to that he held a number of senior financial
appointments with Inchcape plc, Olivetti UK Limited, Rexam plc and
Centrica plc.
Bill has a BSc from the University of Manchester, is a member of
the Association of Corporate Treasurers and has been a member of
the Chartered Institute of Management Accountants since 1986.
Sir Terry Morgan CBE, Chairman of Ricardo, said:
"I am delighted to welcome Bill to the board of Ricardo. He
brings a wide range of experience which includes being CFO of a
FTSE 100 company and, as a non-executive director, has served as
Audit Chair. I am confident that Bill's experience will be of great
benefit to Ricardo."
Information Notified Pursuant to Listing Rule 9.6.13
Bill Spencer holds or has held, the following directorships of
publicly quoted companies in the previous five years:
Northgate plc (June 2016)
Exova Group plc (May 2011)
UK Mail Group plc (Nov 2011 - Dec 2016)
Contact Patricia Ryan Company Secretary
Telephone: 01273 794776
This information is provided by RNS
The company news service from the London Stock Exchange
END
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