TI Fluid Systems PLC Directorate Change
March 06 2024 - 2:10AM
RNS Regulatory News
RNS Number : 7319F
TI Fluid Systems PLC
06 March 2024
6 March 2024
TI Fluid Systems
plc
(the
"Company")
Directorate Change
Susan Levine, non-executive
director, has informed the Board of her decision to step down as a
director of the Company with effect from the end of the Company's
upcoming 2024 Annual General Meeting, at which she will not stand
for re-election. Ms. Levine, who is one of two nominees of BC
Omega Holdco, Ltd. ("Bain Capital"), the Company's largest
shareholder, will remain a director and member of the ESG Committee
until that time.
Bain Capital has informed the Board
that it does not intend to nominate an additional person for
appointment as a director to replace Ms. Levine but that it retains
the right to nominate an additional person for appointment as a
director under the terms of its relationship agreement with the
Company dated 25 October 2017.
Tim Cobbold, Chair of the Board
commented:
"I would like to thank Susan for her
considerable contribution to the Company. She has played a
key role on the Board, including supporting the Company's
leadership development and the Company's sustainability work though
her ESG Committee membership. It has been a pleasure for my
colleagues and I to work alongside her and we wish her well for the
future".
This announcement has been made in
accordance with the requirements of Listing Rule
9.6.11R.
Enquiries:
TI Fluid Systems plc
Kellie McAvoy
Investor Relations
Tel: +44 7354 846374
Headland Consultancy
Matt Denham/Chloe Francklin
Tel: +44 (0)20 3805 4822
|
About TI Fluid
Systems plc
TI Fluid Systems is a global innovator of
thermal and fluid system solutions for the full range of current
and developing vehicle architectures. Serving all major automotive
manufacturers, with more than 100 years of automotive supply
experience; TI Fluid Systems operates across 27 countries with a
commitment to improving efficiency, performance and sustainability
worldwide. To find out more about TI Fluid Systems,
visit www.tifluidsystems.com.
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