ECM.L Regulatory News (ECM)

22 Mar 2005 07:03

Electrocomponents PLC22 March 2005 Embargoed until 7.01am on 22 March 2005 Electrocomponents plc Announcement Jeff Hewitt, Deputy Chairman and Group Finance Director, has informed the Boardof his intention to seek early retirement from the Company in order to extendhis range of non-executive directorships. Jeff is 57. During his 9 years at Electrocomponents, Jeff has played a major role during aperiod of significant change. Initially, he sharpened the financial disciplinesof the Company and then led the Group through both Y2K and the launch of theEuro. In recent years he has been leading the change in information systemswhilst playing his usual active role in the strategic development, financialmanagement and investor relations of the Group. A search is being initiated to identify Jeff's successor as Group FinanceDirector. Jeff will continue in his role until a successful transition to thenew financial leadership has been completed. Bob Lawson, Chairman, said: "Jeff has played a major role in the development of Electrocomponents. I amdelighted that he has agreed to stay with the Company until his successor hasjoined the Group. The Board and I wish him every success in his future plans." Enquiries: Ian Mason Group Chief Executive 01865 204000Jeff Hewitt Deputy Chairman / Finance Director 01865 204000 This information is provided by RNS The company news service from the London Stock Exchange