Diploma PLC Appointment of Chairman Designate (5694P)
20 Octubre 2021 - 1:00AM
UK Regulatory
TIDMDPLM
RNS Number : 5694P
Diploma PLC
20 October 2021
DIPLOMA PLC 12 CHARTERHOUSE SQUARE,
LONDON EC1M 6AX
TELEPHONE: +44 (0)20 7549
5700
FACSIMILE: +44 (0)20 7549
5715
20 October 2021
DIPLOMA PLC
APPOINTMENT OF CHAIRMAN DESIGNATE
Diploma PLC, the international group supplying specialised products
and services to a wide range of end segments, is pleased to announce
that, following a comprehensive selection process, it has appointed
David Lowden as an independent non-executive director and Chairman-designate.
David joined the Board as a non-executive director on 19 October
2021 and he will succeed John Nicholas as the Company's Chairman
at the conclusion of the AGM on 19 January 2022 when John will
stand down from the Board having completed nearly nine years
of service.
David is currently Chairman of PageGroup plc, and is Senior Independent
Director at both Capita plc and Morgan Sindall plc. It is David's
intention to step down from the PageGroup board before the PageGroup
2022 AGM. David was previously CEO of Taylor Nelson Sofres, and
has been Chairman at Huntsworth plc and a Non-Executive Director
at Berensden plc and William Hill plc.
Commenting on the appointment, Johnny Thomson, CEO , said:
"We are extremely pleased to have appointed David as Chairman
Designate. This is an exciting time to join Diploma and he brings
a wealth of knowledge from his extensive board experience in
international service businesses. David's strong financial, marketing
and commercial skills and reputation with investors will be invaluable
to the business in the next stage of our development and I very
much look forward to working with him.
On behalf of the Board, I would also like to take this early
opportunity to thank John Nicholas for the outstanding contribution
he has made as Diploma Chairman over almost nine years of service.
He has successfully guided the business through a period of strong
growth and value creation, and we wish him well in the future."
John Nicholas commented:
"It has been a privilege to work with many talented colleagues
over the last nine years to grow the Company from GBP600m market
cap to c. GBP3.6bn today. I wish David, the Board and the Company
every success in the future."
David Lowden commented:
"I am delighted to be joining Diploma, a high-quality business
with a differentiated value-add proposition and compelling growth
opportunity. I look forward to working with the Board and the
management team to build on the Group's strong track record."
There are no other details that require to be disclosed in respect
of Rule 9.6.13 of the Listing Rules.
For further information, please contact:
Diploma PLC -
A Thorburn, Senior Independent Director
J Thomson, Chief Executive Officer +44 (0)20 7549 5700
J Morrison, Group Company Secretary
Notes:
1. David Lowden became a member of each of the Nominations Committee
and Remuneration Committee on 19 October 2021 and will become
Chair of the Nominations Committee at the conclusion of Diploma's
2022 AGM.
2. The Directors have determined that upon appointment David
will be independent.
3. David Lowden will receive the following fees in line with
the Company's Remuneration Policy:
* Annual fee as a Non-Executive Director for the period
from 19 October to 19 January 2022 of GBP53,000
pro-rata.
* All-inclusive annual fee on appointment as Chairman
from 19 January 2022 of GBP275,000.
Further information on Diploma PLC can be found at www.diplomaplc.com
LEI: 2138008OGI7VYG8FGR19
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