Directorate Change

RNS Number : 0214G

Electrocomponents PLC

27 February 2015

 



 

 

ELECTROCOMPONENTS PLC - DIRECTORATE CHANGE

Appointment of Group Chief Executive

The Board is pleased to announce the appointment of Lindsley Ruth as Group Chief Executive of Electrocomponents plc with effect from 1 April 2015. Lindsley will be based at the Group's headquarters in Oxford.

Lindsley is currently Executive Vice President of the Future Electronics Group of companies, the fourth largest electronics distributor in the world with global turnover of over $5bn. Lindsley, who has worked for Future since 2002, has been a key member of the core leadership team which has transformed the organisation's performance and expanded its global reach over recent years.

Lindsley has both a BSc in Engineering (Industrial Distribution) and a Masters in Business Administration from Texas A&M University. He previously held senior positions with TTI Inc and Solectron Corporation.

As previously announced, Ian Mason will step down as Group Chief Executive on 31 March 2015.

Peter Johnson, Chairman, said "We are delighted that Lindsley is joining Electrocomponents as Group Chief Executive. He has highly relevant international experience and an excellent track record in a successful global distribution business with many similarities to our own. He has consistently driven growth and performance and I look forward to working with him to grow our business and deliver value for our shareholders."

Lindsley Ruth said: "I am excited about joining the team at Electrocomponents and look forward to leading the organisation to accelerate growth, improve profitability and set the business on track to create value."

Enquiries:

Polly Elvin                              Head of Investor Relations    01865 207427

David Allchurch/                    Tulchan Communications      020 7353 4200

Martin Robinson

About Electrocomponents plc

Electrocomponents, through its brands of RS Components and Allied Electronics, is the world's leading high service distributor for engineers with operations in 32 countries. We offer around 500,000 products sourced from 2,500 leading suppliers through the internet, catalogues and at trade counters to over 1 million customers, shipping more than 44,000 parcels a day. 59% of the group's sales are via eCommerce.

About Future Electronics Group

The Future Electronics Group of companies is a worldwide leader in electronic components distribution with a global turnover of over $5 billion and is recognized as one of the most respected and innovative companies in the industry today. Headquartered in Montreal and operating in 169 locations in 42 countries around the world, Future Electronics has earned an impressive reputation for providing outstanding service and developing efficient, comprehensive global supply chain solutions.

 

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