WYG Regulatory News (WYG)

7 June 2016

WYG plc

("WYG" or "Company")

Board changes

Iain Clarkson appointed as Chief Financial Officer

WYG, the international project management and technical consultancy, is pleased to announce the appointment of Iain Clarkson as Chief Financial Officer with immediate effect. 

Iain Clarkson was Finance Director of AMEC Foster Wheeler plc's Clean Energy Europe Business from 2012 to 2016 - a £200 million division with operations in the UK, Central and Eastern Europe and South Africa, employing around 2,200 staff.

Iain was previously Finance Director of AMEC plc's Nuclear Business and its Power & Process Europe divisions, where he played a key role in their development both organically and by acquisition. From 2001 to 2007 he was Vice President of Finance at Westinghouse Electric Company's European nuclear fuel business, where he supported growing the company to become the world's largest nuclear fuel operation, with sales of approximately $1 billion.

As announced in December 2015, Sean Cummins, who joined WYG as Group Finance Director in December 2011, has decided that after four challenging but successful years with WYG it is time for him to move on. He will step down from the Board with immediate effect but will stay with the business for a short handover period to ensure a smooth transition.

Mike McTighe, Chairman, said:

"We are delighted that Iain is joining WYG. He has significant commercial experience in the international consultancy sector and first class experience in several of our key markets and geographies. He joins us at an exciting time as we deliver the growth strategy which is at the heart of the next phase of WYG's development.

"On behalf of the Board, I would like to extend our sincere thanks to Sean for the important role he has played in WYG's successful transition to a well-funded independent group."

Iain Clarkson said:

"I am very pleased to be joining WYG at this point in its development and I look forward to working with the team to maximize the many exciting opportunities presented by its strong market positions and buoyant conditions across all three of the regions in which it operates."

WYG announced its final audited results for the year ended 31 March 2016 separately today.

Save as set out in this announcement, there are no further disclosures required for Iain Clarkson under Rule 17, Schedule 2 paragraph (g) of the AIM Rules.

Additional information:

Iain Geoffrey Clarkson, aged 49, is a Fellow of the Institute of Chartered Accountants in England and Wales.

In the past five years, Iain Clarkson has been a director of the following companies:

AMEC Foster Wheeler Nuclear Holdings Limited (03725076)

AMEC Foster Wheeler Nuclear UK Limited (01120437)

AMEC Nuclear M&O Limited (05664844)

Nuclear Management Partners Limited (05894268)

UK Nuclear Restoration Limited (08353690)

Stornoway Wind Farm Limited (SC225262)

AMEC Nuclear Overseas Limited (04037762)

AMEC Foster Wheeler Nuclear International Limited (03260477)

Technica-NNC Limited (SC235856)

Stats NNC Limited (04339062)

AMEC Focus Pensions Trustee Limited (01716459)

AMEC Nuclear Projects Limited (05664962)

Energy, Safety and Risk Consultants (UK) Limited (07825532)

PWR Power Projects Limited (02281663)

Fast Reactor Technology Limited (01853864)

Nuclear Consultants International (pty) Ltd

AMEC Nuclear Consultants International Jersey Ltd

AMEC Foster Wheeler Nuclear RO SRL

Contacts:

ENDS