Last checked at 30 Apr 2010 07:00
DE LA RUE PLC
NEW GROUP FINANCE DIRECTOR
De La Rue plc today announces the appointment of Colin Child as Group Finance Director and as an executive director of the Company with effect from 1 June 2010. Mr Child will join the Company on 10 May 2010.
Mr Child is a Chartered Accountant and has a broad range of financial and commercial expertise. He was previously Group Finance Director at DTZ Holdings plc, a major global commercial property advisory company, and prior to that he held roles as Group Finance Director at Stanley Leisure Plc, Fitness First Plc and National Express Group Plc.
De La Rue's current Group Finance Director, Simon Webb, wished to stand down as Group Finance Director and as an executive director of the Company to seek a new challenge once a replacement had been identified. He will therefore leave the Board on 31 May 2010. As part of an orderly handover, he will continue to assist in the preparation of the accounts for the year ended 27 March 2010 and in presenting the Company's results on 25 May 2010.
Commenting on these changes, Nick Brookes, De La Rue Chairman, said:
"I am delighted that Colin is joining De La Rue. His excellent financial and management skills and well rounded experience will be a tremendous asset to the Company. His broad experience within large international companies will also prove invaluable in a global operation such as De La Rue.
On behalf of the Board I would like to thank Simon, both for his contribution to De La Rue during its transition into a refocused Group and for ensuring a smooth handover process. We wish him all the best in his future career."
There is nothing which is required to be disclosed under Listing Rule 9.6.13 in respect of Mr Child other than as disclosed above.
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30 April 2010
For further information please contact:
Ed Peppiatt General Counsel and Company Secretary 01256 605343
Clare Lloyd Williams Group Communications Manager 01256 605222
Richard Mountain Financial Dynamics 0207 269 7291
Notes to the editors:
De La Rue PLC
De La Rue is the world's largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as passports, authentication labels and fiscal stamps. The Company is also a leading provider of cash sorting equipment and software solutions to central banks, helping them to reduce the cost of handling cash. De La Rue also pioneers new technologies in government identity solutions for national identification, driver's licence and passport issuing schemes. De La Rue employs approximately 4,000 people worldwide and is a member of the FTSE250.
For further information visit De La Rue's website at www.delarue.com