Directorate Change

29 Nov 2005 09:01

Volex Group PLC29 November 2005 29 November 2005 VOLEX GROUP p.l.c. Board Change The Board of Volex Group plc today announces that John Corcoran, Group ChiefExecutive, will leave the company on December 21st by mutual consent. John hasbeen with Volex for 5 years, and was appointed to the role of Chief Executive inJuly 2002. John Corcoran said: "Having seen the Group through very difficult times, the successful equityraising in June and the recent interim results provided an opportunity for me tomove to other challenges in my career and to handover to someone else for thenext phase of the Group's return to profitability and growth. I would like tosincerely thank all the employees for their support through the years and wishthem well in their drive to re-position Volex as a global leader in the cableassembly market." Martin May, Chairman of Volex Group plc commented: "I would like to thank John for his contribution and commitment to the Companyover the last five years and wish him the very best for the future. In theinterim period I will assume responsibility as Executive Chairman. The Boardwill make a further announcement as and when appropriate." For further information please contact: Volex Group p.l.c. Tel: 01925 830101Martin May, ChairmanDerek Walter, Group Finance Director Weber Shandwick Square Mile Tel: 020 7067 0700Chris Lynch/Nick Dibden This information is provided by RNS The company news service from the London Stock Exchange