Last checked at 1 Jul 2015 07:00
1 July 2015
Dialight plc
Appointment of Non-Executive Director
Dialight plc, a global leader in LED lighting for industrial, obstruction and other highly-specified applications, is pleased to announce the appointment of David Blood as a Non-Executive Director with immediate effect.
David Blood is the Senior Partner at Generation Investment Management LLP ("Generation"), a London-based investment firm he co-founded in 2004. Prior to co-founding Generation, David spent almost two decades at Goldman Sachs in a number of senior executive roles including Chief Executive Officer of Goldman Sachs Asset Management.
Generation takes a long-term approach to investing, integrating sustainability research into its investment process, and is Dialight's largest shareholder with a current holding representing 16.5% of the company's share capital.
Welcoming him to the Board, Bill Ronald, Chairman of Dialight plc, said:
"David brings a wealth of experience to the Board. As a firm, Generation is dedicated to long-term investing and has been extremely supportive of Dialight's vision and strategy since its initial investment in the company in 2010. We see significant value in David's insights and experience and look forward to working with him."
David Blood commented:
"I'm enthusiastic to be joining Dialight's Board. The lighting industry is in the early stages of an extraordinary transition to LED technology, creating an enormous market opportunity for the company. I believe Dialight is well positioned to capitalise upon this opportunity with its strong brand and industry-leading technology, and I look forward to supporting the company in achieving its operational and strategic goals."
Contacts:
Dialight plc
Bill Ronald - Chairman
+44 (0) 20 3727 1340
FTI Consulting
Nick Hasell / Susanne Yule
+44 (0) 20 3727 1340
There is no further information to be disclosed under paragraph 9.6.13 of the UK Listing Authority Listing Rules.
About Dialight plc
The Group comprises the following business segments:
Lighting which addresses the increasing demands for Energy Efficient Lighting solutions for industrial/hazardous locations; Signals that covers Traffic, Transportation and Obstruction signals; and Components whose sales are primarily to Electronics OEMs for status indication. The company is headquartered in the UK with operating locations in Australia, Brazil, Denmark, Germany, Malaysia, Mexico, Singapore, UAE, the UK and the USA. More information is available at www.dialight.com.