discoverIE Group plc Directorate Change (5418X)
April 30 2019 - 4:00AM
UK Regulatory
TIDMDSCV
RNS Number : 5418X
discoverIE Group plc
30 April 2019
30 April 2019
discoverIE Group plc
Appointment of Non-Executive Director
The Board of discoverIE Group plc ("discoverIE" or "the Group"),
a leading international designer, manufacturer and supplier of
customised electronics to industry, is pleased to announce the
appointment of Clive Watson as a Non-Executive Director and Chair
of the Audit and Risk Committee with effect from 2 September
2019.
Clive recently retired as Group Finance Director of Spectris
plc, the FTSE 250 measurements and controls business, having joined
their board in 2006 and is also the Senior Independent
Non-Executive Director and Chairman of the Audit Committee of
Spirax-Sarco Engineering plc, the FTSE 100 Industrial engineering
group. He is a member of the Institute of Chartered
Accountants.
Malcolm Diamond, Chairman, commented: "We are delighted to
welcome Clive to the Board. We look forward to working with him and
benefitting from his extensive business experience as we take the
Group into the next phase of its development."
Clive Watson, Incoming Non-Executive Director, commented: "I am
excited to be joining the Board of discoverIE with its attractive
end markets and strong management team as it continues to deliver
on its clearly articulated profitable growth strategy."
There is no further information required to be disclosed
pursuant to Listing Rule 9.6.13R
For further information, please contact:
discoverIE Group plc
Nick Jefferies Group Chief Executive 01483 544
Simon Gibbins Group Finance Director 500
Instinctif
Mark Garraway 020 7457
James Gray 2020
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that designs, manufactures and supplies innovative components for
electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. With in-house
engineering capability, we are able to design components to meet
customer requirements, which are then manufactured and supplied,
usually on a repeating basis, for their ongoing production needs.
This generates a high level of repeating revenue and long term
customer relationships.
By focusing on key markets which are driven by structural growth
and increasing electronic content, namely renewable energy,
transportation, medical and industrial connectivity, the Group aims
to achieve organic growth that is well ahead of GDP and to
supplement that with targeted complementary acquisitions.
The Group employs c.4,300 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE Small Cap Index, classified
within the Electrical Components and Equipment subsector, and has
revenue of GBP0.4bn. Over the last five years, revenue and
underlying earnings per share has more than doubled.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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