4 Jul 2017 07:00
Equiniti Group plc
Incorporated in England and Wales
Registration number: 07090427
LEI: 213800TS721HGE2JIV94
ISIN: GB00BYWWHR75
Equiniti Group plc(the Company)
Appointment of Chairman Designate
Equiniti Group plc (the Company or Equiniti), the specialist technology outsourcer providing non-discretionary payment and administration services, today announces the appointment of Philip Yea as Chairman Designate. Philip has joined the Board of the Company from 03 July 2017 as a non-executive director and will succeed Kevin Beeston as Chairman when Kevin retires from the Board in September 2017.
Kevin Beeston, Chairman, commented:
"It has been an honour and privilege to chair Equiniti both as a private and public company over the past 6 years. I have thoroughly enjoyed working with the Equiniti Board and with Guy Wakeley and his talented leadership team. The business has a robust strategy and an exciting future ahead of it. I am delighted that Philip has agreed to step into the role of Chairman on my retirement in September 2017."
Guy Wakeley, Chief Executive, said: "I would like to thank Kevin for his invaluable contribution and outstanding chairmanship throughout his tenure. His wise counsel and great experience will be missed and we wish him all the best for the future. I am also delighted to welcome Philip as Chair of the Equiniti Board. He has a wealth of industry knowledge and I am sure that his wide expertise, business experience and personal qualities will contribute significant value as we progress with our next phase of growth and development"
Commenting on his appointment, Philip Yea said:
"I am delighted to be joining the Board of Equiniti. It is a business that provides vital services to some of the biggest companies and organisations in the UK. It has a reputation for reliability, with strong customer relationships stretching back decades. I look forward to working with the Board and Guy and his team and to being part of Equiniti's growth story and to helping deliver further value to customers, employees and shareholders."
Philip has been Chairman of Greene King plc since May 2016. He is senior independent director at Computacenter PLC, a non-executive director of Aberdeen Asian Smaller Companies Investment Trust plc and Marshall of Cambridge (Holdings) Ltd and also an independent director and trustee of the Francis Crick Institute. He will retire as senior independent director of Vodafone Group plc at its AGM on 28 July 2017.
Prior to joining Greene King, he was Chairman of bwin.party digital entertainment plc until the successful completion of its acquisition by GVC Holdings.
He has considerable executive experience in both the quoted and private equity sectors, having been chief executive of 3i Group plc from 2004 to 2009. He is a former finance director of Diageo plc and, as finance director of Guinness PLC, was closely involved in the creation of Diageo through Guinness's merger with GrandMet in 1997.
There are no additional details to disclose under Listing Rule 9.6.13R in respect of the appointment of Philip Yea.
FOR MORE INFORMATION PLEASE CONTACT:
Kathy CongCompany SecretaryTel: +44(0)20 7469 1800
04 July 2017