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Pin to quick picksCapita Share News (CPI)

Share Price Information for Capita (CPI)

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Share Price: 14.04
Bid: 14.14
Ask: 14.20
Change: -0.22 (-1.54%)
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Open: 14.26
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Outsourcer Capita Promotes Two Employees To Board In Rare Move

Tue, 14th May 2019 11:25

LONDON (Alliance News) - Outsourcer Capita PLC on Tuesday said it has become the first midcap company to appoint workers to its board since the 1980s.

Lyndsay Browne and Joseph Murphy will be joining as non-executive directors from July, for three and two years, respectively.

Browne, an accountant, joined Capita in 2003, while civil engineer Murphy joined in 2015. Browne works as a finance manager in the Insurance Services segment, and Browne as a project manager in Real Estate & Infrastructure.

Both will continue with their day-to-day roles and receive the same remuneration as other non-executive directors.

Capita said the appointments following a recruitment process which allowed all employees with more than two years' experience to apply, with nearly 400 doing so.

Chair Ian Powell said: "I am delighted to welcome Lyndsay and Joseph to the board and proud Capita is the first FTSE 250 company in many years to make such appointments."

"We are determined that the employee's perspective and increased diversity of thought are represented at board level. Lyndsay and Joseph bring very different skills, experience and insights. I have no doubt they will prove strong members of the board."

Shares were 1.3% higher on Tuesday at a price of 117.05 pence each.

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