Last checked at 30 Jan 2015 16:21
AO World plc
Remuneration Committee Change
Pursuant to Listing Rule LR 9.6.11(3), the Board of AO World plc ("the Company") announces that Brian McBride, senior independent non-executive director, will succeed Bill Holroyd, non-executive director, as Chair of the Remuneration Committee ("Committee") of the Company with effect from 1 February 2015.
Bill Holroyd will remain as a member of the Committee. As he is a non-independent non-executive director, the composition of the committee will continue to be, in strict terms, contrary to provision D.2.1. of the UK Corporate Governance Code. The Board, however, believes that the appointment of Brian McBride as Chairman significantly strengthens the existing governance structure of the committee, while continuity is ensured with the on-going contribution of Bill Holroyd's significant experience and knowledge.
Enquiries:
AO World plc
Julie Finnemore
Company Secretary
Tel: +44(0)1204 672400
Tulchan Communications
Susanna Voyle
Michelle Clarke
Tel: +44(0) 20 7353 4200