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Board Change

11 Dec 2014 07:00

RNS Number : 4365Z
Volex PLC
11 December 2014
 



Volex plc

Quoted on London Stock Exchange (VLX.L)

("Volex" or the "Company")

11 December 2014

BOARD CHANGE

Volex announces that its Chief Financial Officer, Nick Parker, has informed the Board that after almost eighteen months in the role, he wishes to step down from the Board of Directors. Nick has agreed to remain available until the end of the year to ensure a smooth transition of his duties.

 

Mr Daren Morris, a qualified Chartered Accountant, who has been a non-executive Director of Volex since January 2014, has agreed to step into the role of interim Chief Financial Officer. These arrangements are intended to be short term and a search for a permanent Chief Financial Officer has now commenced.

 

For the duration of this interim period Daren Morris will have Board responsibility for the finance function and will step down from the various Board Committees on which he currently sits.

 

Karen Slatford, Chairman of the Board, said

 

"On behalf of the Board, I would like to thank Nick for his contribution to the Group particularly in relation to the placing and open offer and debt facility refinancing that took place in July. We wish him well for the future.  With the Group's well invested, global manufacturing footprint, high quality customer base and our commitment to continuous improvement, the Board has confidence that the Company will deliver further sustainable growth in both sales and profitability."

 

Christoph Eisenhardt, Chief Executive Officer, said

 

"We wish to thank Nick for his contribution to the Company's development and wish him every success for the future. As noted at our interim results we are starting to see the commercial and financial benefits from the Volex Transformation Plan. Our focus on working more closely with our customers delivered strong growth in sales and improved margins in the first half."

For more information please contact:

Volex plc

Christoph Eisenhardt, Chief Executive Officer

+44 (0)20 3370 8854

Investec plc (Company Broker)

Patrick Robb

+44 (0)20 7597 5169

Tulchan Group LLP

James Macey White / Christian Cowley

+44 (0)207 353 4200

About Volex

Volex is a global provider of power and data cabling solutions. Within its Power Division, the Company designs and manufactures power cords, duck heads and related products that are sold to the manufacturers of a broad range of devices and appliances across all industrial sectors. Within its Data Division, the Company designs and manufactures a broad range of cables and connectors (ranging from high speed copper cables to complex customised optical cable assemblies) that transfer data and are used in a broad range of areas including data networking equipment and medical equipment. Volex is listed on the London Stock Exchange and is headquartered in London, United Kingdom. More information about the Company can be found at: www.volex.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOAURVNRSOAUAAA
Date   Source Headline
24th Jul 20074:21 pmRNSHolding(s) in Company
24th Jul 20074:18 pmRNSHolding(s) in Company
24th Jul 20077:00 amRNSInterim Management Statement
19th Jul 20072:39 pmRNSHolding(s) in Company
6th Jul 20072:16 pmRNSHolding(s) in Company
29th Jun 20073:55 pmRNSTotal Voting Rights
22nd Jun 200712:28 pmRNSAnnual Report and Accounts
18th Jun 20079:23 amRNSDirector/PDMR Shareholding
18th Jun 20078:51 amRNSAdditional Listing
15th Jun 20073:33 pmRNSAdditional Listing
11th Jun 20077:00 amRNSFinal Results
8th Jun 20079:39 amRNSHolding(s) in Company
29th May 20078:37 amRNSHolding(s) in Company
11th May 20072:04 pmRNSNotice of Results
9th May 20071:24 pmRNSHolding(s) in Company
8th May 20077:02 amRNSHolding(s) in Company
19th Apr 20071:18 pmRNSHolding(s) in Company
10th Apr 20074:18 pmRNSHolding(s) in Company
5th Apr 20077:01 amRNSPost-close Update
20th Mar 200712:29 pmRNSHolding(s) in Company
6th Mar 20074:52 pmRNSHolding(s) in Company
1st Mar 20075:17 pmRNSHolding(s) in Company
28th Feb 200710:28 amRNSTotal Voting Rights
20th Feb 20074:55 pmRNSHolding(s) in Company
2nd Feb 200710:20 amRNSDirector/PDMR Shareholding
30th Jan 20078:00 amRNSAdditional Listing
15th Dec 200611:06 amRNSTotal Voting Rights
13th Dec 20067:01 amRNSNew Banking Facilities
11th Dec 20069:09 amRNSHolding(s) in Company
6th Dec 20062:48 pmRNSHolding(s) in Company
5th Dec 200611:16 amRNSHolding(s) in Company
5th Dec 200611:13 amRNSHolding(s) in Company
5th Dec 200611:11 amRNSHolding(s) in Company
23rd Nov 200610:28 amRNSHolding(s) in Company
9th Nov 20063:13 pmRNSDirector/PDMR Shareholding
9th Nov 20063:03 pmRNSDirector/PDMR Shareholding
8th Nov 20067:00 amRNSInterim Results
6th Nov 20067:30 amRNSAdditional Listing
3rd Oct 200610:36 amRNSHolding(s) in Company
2nd Oct 20061:29 pmRNSDirector/PDMR Shareholding
29th Sep 200611:37 amRNSDirector/PDMR Shareholding
29th Sep 200611:27 amRNSResult of AGM
28th Sep 20067:30 amRNSAGM Statement
26th Sep 200610:03 amRNSDirector/PDMR Shareholding
15th Sep 200612:37 pmRNSHolding(s) in Company
31st Aug 200610:32 amRNSDirector/PDMR Shareholding
30th Aug 20069:21 amRNSDirector/PDMR Shareholding
29th Aug 200612:59 pmRNSDocuments filed with the UKLA
21st Jul 20063:17 pmRNSDirector/PDMR Shareholding
18th Jul 200610:14 amRNSHolding(s) in Company

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