Last checked at 9 Dec 2021 12:16
9 December 2021
TI Fluid Systems plc
('the Company')
Directorate Change
Jeffrey Vanneste, independent non-executive director, has informed the Board that he has decided to step down as a director of the Company in order to dedicate more time to his other personal and business pursuits. He intends to remain on the Board and continue to serve as Chair of the Audit & Risk Committee until the Company's upcoming 2022 Annual General Meeting to be held on 18 May 2022, at which he will not stand for re-election.
The Nomination Committee of the Board has commenced a process to recruit another independent non-executive director to ensure the Board maintains a broad mix of market knowledge and relevant financial experience to support the Company's strategic aims and the Board's management objectives. More detail will be made available as appropriate.
Manfred Wennemer, Chair of the Board commented:
"I would like to thank Jeff for his significant contributions to the Company over the past four years. As Chair of the Audit & Risk Committee, Jeff has been instrumental in the oversight of our financial reporting and compliance as a listed company. It has been a great pleasure to work alongside him. The entire Board wishes him all the best for the future."
This announcement has been made in accordance with the requirements of Listing Rule 9.6.11R.
Enquiries:
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TI Fluid Systems plc | +1-248-376-8624 |
Pilar Riesco |
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Investor Relations
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FTI Consulting | +44 (0)20 3727 1340 |
Richard Mountain |
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Nick Hasell |
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About TI Fluid Systems plc
TI Fluid Systems (LSE: TIFS) is a leading global manufacturer of fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Fluid Systems has manufacturing facilities in 107 locations across 28 countries serving all major global OEMs.