14 Dec 2015 07:00
ELECTROCOMPONENTS PLC - DIRECTORATE CHANGE
Appointment of Group Finance Director
The Board is pleased to announce the appointment of David Egan as Group Finance Director of Electrocomponents plc with effect from 1 March 2016. David will be based at the Group's headquarters in Oxford.
David, who is a Certified Practicing Accountant (CPA) Australia and holds dual British and Australian citizenship, was formerly Group Finance Director of Alent plc, a leading global supplier of specialty chemicals and engineered materials used primarily in the electronics, automotive and industrial markets. Previous roles include Global CFO at ESAB Holdings Ltd, the largest division of Charter International plc, and Group Financial Controller at Hanson PLC. He has extensive experience in business transformation through performance improvement and M&A and has worked in Asia as well as Europe, the US and Australia.
He is currently a Non-Executive Director and Chairman of the Audit Committee at Tribal Group plc.
Lindsley Ruth, Chief Executive Officer, said "We are delighted that David is joining Electrocomponents as Group Finance Director. He has highly relevant international experience and an excellent track record implementing transformational change in global industrial businesses. In his most recent role as Group Finance Director of Alent, a global FTSE 250 company, David worked with a similar customer base to our own, led a major efficiency improvement initiative and created significant shareholder value. I look forward to working with him to ensure we grow our business and transform its performance."
David said: "I am excited about joining the team at Electrocomponents and look forward to supporting Lindsley and his team in accelerating growth and helping drive efficiency across the global organisation ."
There is no further information to disclose in relation to LR 9.6.13
Enquiries:
Polly Elvin Head of Investor Relations 01865 207427
David Allchurch/ Tulchan Communications 020 7353 4200
Martin Robinson
About Electrocomponents plc
Electrocomponents has operations in 32 countries and offers more than 500,000 products through the internet, catalogues and at trade counters to over one million customers, shipping around 44,000 parcels a day. Our products, sourced from 2,500 leading suppliers, include electronic components, electrical, automation and control, and test and measurement equipment, and engineering tools and consumables.
RS Components and Allied Electronics are the trading brands of Electrocomponents plc. The Group is listed on the London Stock Exchange and in the last financial year ended 31 March 2015 had revenues of £1.27bn.
For more information, please visit the website at www.electrocomponents.com.
About Alent plc
Alent plc was a global supplier of specialty chemicals and engineered materials used primarily in the electronics, automotive and industrial end-market segments.
Alent plc was recently acquired by Platform Speciality Products Corporation.