Robert Walters, the leading international recruitment consultancy, announces that Russell Tenzer, a Non-executive Director of the Company, has retired from the Board following today's Annual General Meeting, in order to comply with Corporate Governance Guidelines relating to the length of tenure as previously announced on 24 November 2011.
In addition, Robert Walters announces that Philip Aiken, the Company's Non-executive Chairman, has stated his intention to retire from the Board before the next Annual General Meeting, also to comply with Corporate Governance Guidelines and due to increased commitments. The Company has commenced its search for a new Non-executive Chairman.
Philip Aiken, Chairman of Robert Walters, commented:
"Having been on the Board of Robert Walters for 11 years, taking into consideration Corporate Governance guidance on length on tenure and my additional corporate responsibilities, it is my decision that this will be my last AGM. A process to appoint the next Chairman is under way and I look forward to handing over to my successor in due course.
"I would also like to take this opportunity to thank Russell Tenzer for his many years of valuable contribution. Russell is stepping down with immediate effect, also for Corporate Governance reasons in respect of tenure.
"It has been a pleasure to oversee and contribute to the Group's development into one of the world's leading specialist professional recruitment businesses and I wish all those who continue to be engaged with the Group the very best for the future."
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