RS Group names Simon Pryce as CEO

(Sharecast News) - Industrial and electronics products distributor RS Group has tapped former Ultra Electronics boss Simon Pryce to take over as chief executive.

RS Group said on Tuesday that Pryce will commence the role on 3 April, succeeding acting CEO David Egan - who will continue to serve as the company's chief financial officer.

The FTSE 100-listed firm stated Pryce was "a highly experienced business leader" and had "a strong track record" of driving results and "delivering excellent stakeholder outcomes".

Chairperson Rona Fairhead said: "Simon is an experienced and proven CEO of high performing international businesses with strong, effective cultures. He has been an enormously valued member of the RS board for the last six years and been highly engaged in the development of the group's strategy.

"The board is very confident that Simon has the right leadership style, skills and experience to lead RS to continued future success in the next stage of the group's growth."

As of 0845 GMT, RS Group shares were up 0.72% at 911.50p.

Reporting by Iain Gilbert at Sharecast.com

RS Group