Computacenter PLC Directorate Change (9991E)
November 02 2022 - 3:01AM
UK Regulatory
TIDMCCC
RNS Number : 9991E
Computacenter PLC
02 November 2022
Computacenter plc
Incorporated in England and Wales
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
FOR IMMEDIATE RELEASE
Computacenter plc
Directorate Change
Computacenter plc ("Computacenter" or the "Company") today
announces the appointment of Christian Jehle as Chief Financial
Officer and Executive Director of the Company to succeed Tony
Conophy, who has notified the Company that he will be retiring.
Christian will join the Company and the Board between 24 March 2023
and 1 July 2023. The Company will issue a further Regulatory News
Service announcement once the date that Christian will join the
Company and the Board has been confirmed.
Christian will join Computacenter from his current role as Chief
Financial Officer and Executive Director for the UK & Ireland
division of Experian plc, prior to which he held the role of Chief
Financial Officer of Global Decision Analytics at Experian.
Christian started his career as a graduate at Fujitsu Siemens
Computers, and prior to joining Experian, held a number of
commercial and finance roles at Accenture, First Data International
and SAP SE, including as Chief Financial Officer, Japan, and Chief
Financial Officer, UK & Ireland, during his time at SAP.
Tony Conophy will be stepping down as Chief Financial Officer
and Executive Director of Computacenter plc upon Christian joining
the Company and the Board. This will be at a date to be determined,
between 24 March 2023 and 1 July 2023. Tony has agreed to then
remain with the Company for a further period (which is anticipated
to be for 3 months) to enable an appropriate transition to
Christian to take place.
Mike Norris, Chief Executive Officer, commented:
"We are delighted to appoint Christian in the role of Chief
Financial Officer. His career to date has been characterised by
leading transformations of finance functions to ensure that they
are best in class and fit for purpose for continually expanding and
changing businesses. The Board and I look forward to working with
him as we continue to further develop our finance function as the
needs of our business change and ensure that it remains in a
position to best support and enable the continued growth of our
business."
"It is hard to overstate the contribution that Tony Conophy has
made during his time at Computacenter, following his appointment as
the Group's Chief Financial Officer in 1998. I would personally
like to thank Tony for his wise counsel, unwavering support and
exceptional service during that time. It has been a great privilege
to have worked closely alongside him, and on behalf of the Board
and employees across the Group, I would like to wish him all the
very best for his upcoming retirement."
The company confirms there is no further information to be
disclosed under the requirements of listing rule 9.6.13R in
relation to Christian Jehle's appointment.
Remuneration disclosure
As CFO of Computacenter, Christian will receive a remuneration
package which will comprise a basic salary, variable incentive
arrangements and benefits which are fully in line with
Computacenter's current Remuneration Policy. The key elements of
the package are as follows:
He will receive an annual base salary of GBP450,000. He will
receive a pension allowance of 5% of salary in line with the wider
Computacenter workforce in the UK, and other benefits in line with
relevant existing Computacenter policies. He will be eligible to
participate in the Company's existing annual bonus plan with a
maximum opportunity of 150% of salary and subject to deferral in
line with our Remuneration Policy. Christian will also be eligible
to participate in the Company's Performance Share Plan (PSP) with a
2023 award value of 175% of base salary and subject to a two-year
holding period following the end of the three-year performance
period.
Malus and clawback will apply to the variable remuneration
arrangements.
His share ownership requirement will be in line with the
Company's existing policy, requiring that he build up ownership of
a shareholding that is equal to 200 per cent of his salary. There
will be a formal post-employment shareholding requirement for two
years after departure.
Christian will also receive awards to compensate for
remuneration arrangements forfeited on leaving his previous
employer. These will remain subject to performance conditions where
appropriate and take into account the time horizons of forfeited
awards.
All remuneration arrangements are consistent with the terms of
the Directors' Remuneration Policy approved by shareholders at the
AGM in May 2020. Further detail will be set out in the Directors
Remuneration Report within Computacenter's 2022 Annual Report and
Accounts.
Tony Conophy's remuneration arrangements will be treated in
accordance with the Company's approved Remuneration Policy and his
service contract, remaining eligible for salary, benefits and bonus
until the date he retires from the Company. Any bonus payable for
2023 will be pro-rated and subject to deferral. All Performance
Share Plan (PSP) awards which are unvested at the point that Tony
retires from the Company will be pro-rated to the date of leaving
and remain capable of vesting on the original vesting schedule and
subject to the original performance conditions. All PSP awards will
remain subject to the post-vesting holding periods in line with
their terms. No further PSP awards will be granted.
Full details will be disclosed in the Directors' Remuneration
Report within the Company's Annual Report and Accounts for the year
ended 31 December 2022 and on the Company's website in due course
in compliance with Section 430(2B) of the Companies Act 2006.
Enquiries:
Computacenter plc
Mike Norris, Chief Executive 01707 631601
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Tony Conophy, Finance Director 01707 631515
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Tulchan Communications
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James Macey White/ Matt Low 020 7353 4200
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