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11 Jun 2013 11:17
11 June 2013
DDD Group PLC
Directorate change
Los Angeles, California:DDD Group plc (AIM: DDD; OTCQX: DDDGY, "DDD", "the Group"), the 3D solutions company, announces that at the end of the annual general meeting of the Group held earlier today, Paul Kristensen stepped down from the role of Chairman and the Board has appointed Nicholas Brigstocke as Chairman with immediate effect.
Mr Kristensen was appointed to the DDD Board in November 2001 and became non-executive Chairman in May 2002. He will remain on the Board as a non-executive Director, based in Perth, Australia.
Mr Brigstocke joined the Board of DDD as a non-executive in 2001, and has chaired the Audit and Corporate Governance Committee since 2011 and is a member of the combined Remuneration and Nominations Committee. Mr Brigstocke retired in 2001 as Chairman of UK Equity Capital Markets at Credit Suisse First Boston ("CSFB"). He joined CSFB when it purchased Barclays de Zoete Wedd in January 1998, at which time he was Chairman and Managing Director of BZW's UK corporate broking business. Prior to that, he was head of equity sales and a member of the equity management committee at BZW.
Nicholas Brigstocke, incoming Chairman of DDD, said:
"On behalf of the Board, I would like to thank Paul for his contribution to the company as Chairman over the past 11 years. We are pleased that he has agreed to continue as a member of the Board since he is familiar with our Australian R&D operations."
Chris Yewdall, Chief Executive of DDD, said:
"We welcome Nick Brigstocke to the position as DDD's Chairman. His considerable experience and strong ties to the London financial community are invaluable to the Group. We are pleased that DDD will continue to benefit from his strategic guidance in this new role as it embarks on its next phase of growth and development."
Enquiries
DDD Group Chris Yewdall, President & CEO Victoria Stull, Chief Financial Officer | +1 310 566-3340 |
Canaccord Genuity (UK Nomad) Simon Bridges | +44 (0) 207 523 8000 |
College Hill (UK IR) Kay Larsen / Adrian Duffield | +44 (0) 207 457 2020 |
Berns & Berns (US PAL) Michael Berns, Esq. | +1 212 332 3320 |
About DDD Group
DDD transforms the visual experience by bringing 3D to the consumer. Its TriDefTM3D solutions convert 2D to 3D automatically, and enable delivery to 3D TVs, PCs and mobile devices. Leading brands including Intel, Samsung, LG Electronics and Sony license these solutions. Over 30 million TriDef 3D products have been shipped by DDD's licensees worldwide. DDD's Yabazam! label delivers 3D everywhere with its online content portal and Smart TV apps. DDD's shares are quoted on the London Stock Exchange's AIM Market (AIM: DDD) and in the United States on the OTCQX® marketplace (OTCQX: DDDGY). For more information please visit www.DDD.com.
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