Videndum Plc Regulatory News (VID)

14 December 2022

Videndum plc

Board Changes

Videndum ("the Company" or "the Group"), the international provider of premium branded hardware products and software solutions to the growing content creation market, announces that Martin Green is stepping down as Group Finance Director and will therefore cease to be a member of the Board with immediate effect. Martin is remaining with the business to support Stephen Bird and the executive team on certain strategic projects before leaving the Group to pursue other opportunities.

The Company is pleased to announce that Andrea Rigamonti is appointed to the Board as Group Chief Financial Officer with immediate effect. Andrea re-joined Videndum from Senior plc in October 2021 in the role of Deputy Group Finance Director. Andrea has in-depth knowledge of Videndum and our end markets, having previously worked with the Company between 2004 and 2015 in the Head Office Finance team, notably as the Group Financial Controller between 2010 and 2015. Prior to Videndum, Andrea was with Sony UK, and he trained as a Financial Analyst with Morgan Stanley. A Chartered Management Accountant, Andrea has an MEng in Engineering, Economics and Management from Oxford University.

Stephen Bird, Group Chief Executive said: "I would like to thank Martin for his significant contribution to the Group over 20 years culminating in his role as Group Finance Director. Martin will leave the Group with our best wishes for his future success.

"We are delighted to announce the appointment of Andrea to the role of Group Chief Financial Officer. Andrea's deep knowledge and experience of the business means he is ideally suited to help me deliver the Group's strategic ambition."

The Company also announces the appointment of Anna Vikstrom Persson as an independent non-executive director of the Company with effect from 1 May 2023. Anna will join the Audit, Remuneration and Nominations Committees on appointment and after a period of induction to the Company is planned to succeed Caroline Thomson as Chair of the Remuneration Committee on a date to be confirmed in 2024.

Between 2018 and October 2021, Anna was Chief Human Resources Officer for Pearson plc, and between 2011 and 2016 Executive Vice President, Head of Human Resources at Sandvik AB. Between 2006 and 2011 she was Executive Vice President, Head of Human Resources at SSAB AB and prior to that worked at Ericsson Group AB in various HR roles culminating as Vice President, Human Resources & Organisation, Sweden. Anna was born in South Korea and raised in Sweden, and studied in the US and Germany. She holds a Masters in Law as well as professional HR qualifications from both London Business School and Michigan Business School.

Ian McHoul, Chairman said: "I am very pleased to welcome Anna to join the Videndum Board in May 2023. She brings international experience across a wide range of industries including communications technology, manufacturing and consumer focussed publishing and media and with a strong focus on people. Anna's appointment will complement the existing skills on the Board and enable us to plan succession for the role of Chair of the Remuneration Committee."

There are no further matters to be disclosed in accordance with paragraph 9.6.13 of the Listing Rules of the UK Listing Authority.

Leaving arrangements for Martin Green will be in line with Videndum's shareholder approved Remuneration Policy. In accordance with section 430(2B) of the Companies Act 2006, the remuneration arrangements relating to Martin Green leaving the Group are disclosed on the Videndum website. Details will also be fully disclosed in our 2022 Annual Report and Accounts.

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A snapshot of Videndum plc

Videndum (formerly known as The Vitec Group plc) is a leading global provider of premium branded hardware products and software solutions to the growing content creation market.

Videndum's customers include broadcasters, film studios, production and rental companies, photographers, independent content creators, vloggers, influencers, gamers, professional sound crews and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, carrying solutions, backgrounds and motion control, audio capture and noise reduction equipment.

We employ around 2,000 people across the world in 11 different countries and are organised in three Divisions: Media Solutions, Production Solutions and Creative Solutions.

Videndum plc is a FTSE250 company listed on the London Stock Exchange, ticker symbol: VID.

More information can be found at: www.videndum.com

LEI number: 2138007H5DQ4X8YOCF14