Directorate Change

RNS Number : 6826R

Reach PLC

18 June 2018

 

18 June 2018

Reach plc (the "Company")

Directorate Change

This announcement contains inside information.

Reach plc announces that Vijay Vaghela, Group Finance Director and Company Secretary, has informed the Board of his decision to pursue other career opportunities, having worked in the business for almost 24 years. Vijay has a 12 month notice period and will remain in his position until a successor has been recruited to ensure an orderly handover.

Simon Fox, Chief Executive of Reach plc, said:

"I am hugely grateful to Vijay for the extraordinary impact he has had on the business over the past 24 years. He will leave the business in a strong state, having delivered a transformational acquisition, renegotiated the triennial pension funding valuations and put in place a 4-year finance facility. He will leave with our very best wishes for the future."

Vijay Vaghela said:

"I have very much enjoyed my time at Reach plc. The business has changed significantly since I joined Mirror Group in 1994. I am proud of what the business has achieved over the years and am pleased that I had the opportunity to work with many talented individuals. I will continue to fully support the business until a successor has been recruited to ensure a smooth and seamless transition."

The person responsible for dissemination of this information was Vijay Vaghela, Group Finance Director and Company Secretary.

Enquiries

Reach
Simon Fox, Chief Executive Vijay Vaghela, Group Finance Director and Company Secretary		020 7293 3553
Brunswick
Nick Cosgrove, Partner		020 7404 5959
Will Medvei, Director

 

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