Directorate Changes

Volex PLC

20 October 2023

 

LEI: 213800HBLQNH5FXXGE63

20 October 2023

Volex plc

Directorate Changes

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, announces the following changes to its Board.

Appointment of non-executive Director

John Wilson has been appointed to the Board, as an independent non-executive Director, with effect from 19 October 2023.  John is a globally experienced Boardroom Director, with a strong background in the technology, components and connectivity solutions sectors.  He is currently CEO of Bulgin Limited, a global leading manufacturer of sealed connectors and components, and was formerly Senior Independent Director, Chair of the Audit Committee and Chair of the Remuneration Committee of Checkit plc (previously Elektron Technology plc).  John has a degree in Engineering from the University of Durham.

Director Resignation

Dean Moore, senior non-executive Director, has notified the Board of his decision to resign with immediate effect, in order to pursue other business interests.

Committee Changes

Sir Peter Westmacott has been appointed as Senior Independent Director, and Jeffrey Jackson has been appointed as a member of the Nominations Committee, both with immediate effect. Following his appointment, John Wilson will assume the role of Chair of the Audit Committee.

The composition of the committees of the Board is now as follows:

·    Audit Committee: John Wilson (Chair) and Amelia Murillo.

·    Remuneration Committee: Amelia Murillo (Chair) and Jeffrey Jackson.

·    Nominations Committee: Sir Peter Westmacott (Chair), Nat Rothschild and Jeffrey Jackson.

·    Safety, Environmental & Sustainability Committee: Jeffrey Jackson (Chair) and Nat Rothschild.

Nat Rothschild, Executive Chairman of Volex, commented:

"I would like to take this opportunity to thank Dean for his valuable contribution to Volex since 2017, and wish him well for the future.

"I would also like to welcome John to the Board.  John will bring a wealth of complementary experience to the Board, including a demonstrable ability to implement strategies within complex organisations to enhance shareholder value, and I look forward to working with him."

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies:

John Frederick Wilson, aged 47, holds or has held the following appointments in the last five years:

Current appointments	Appointments held within the last five years
Bulgin Limited	Abbey Place (Fordham) Management Company Limited
JFW Agritech Ltd	Bulgin Connectors Limited
Regatta Bidco Ltd	Checkit Europe Limited
Regatta Midco Ltd	Checkit plc
Regatta Holdco Ltd	Checkit UK Ltd
Regatta Topco Ltd	Elektron Eye Technology Limited
	Elektron IP Limited
	Elektron Precision Instruments Limited
	Munro Instruments Limited

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for Companies in respect of John Wilson.

For further information please contact:

Volex plc Nat Rothschild, Executive Chairman Jon Boaden, Chief Financial Officer

[phone] [e-mail]

Peel Hunt LLP - Nominated Adviser & Joint Broker Ed Allsopp Tom Ballard Ben Harrington

[phone]

HSBC Bank plc - Joint Broker Simon Alexander Joe Weaving

[phone]

Powerscourt - Media Enquiries James White

[phone]

About Volex

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data centre power and connectivity, electric vehicles, and consumer electricals. We are headquartered in the UK and operate from 27 manufacturing locations with a global workforce of over 11,500 people across 24 countries. Our products are sold through our own locally based sales teams and through authorised distributor partners to Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing Services ('EMS') companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment. For more information, please visit www.volex.com

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