Directorate Change

RNS Number : 1583R

De La Rue PLC

25 June 2015

 

DE LA RUE PLC DIRECTORATE

De La Rue plc is pleased to announce the appointment of Jitesh Sodha as Chief Financial Officer and an Executive Director of the Company. Jitesh will join the business and take up his Board position on 10 August 2015.

Jitesh is a CIMA qualified accountant and has worked in a range of businesses with an international footprint, most recently Greenergy International, one of the largest private companies in the UK, where he served as CFO from 2008 until May 2015. Previous roles have included CFO of AIM listed Mobilestreams Plc, where he played a key role in the IPO, and CFO of T- Mobile International UK.

Jitesh will replace Colin Child, who steps down from the Board at the conclusion of the 2015 annual general meeting.

Commenting on Jitesh Sodha's appointment, Philip Rogerson, Chairman, said:

"Jitesh's wide ranging financial and commercial experience gained within a number of large international businesses will be an asset to the Company and I look forward to welcoming him to De La Rue."

There are no other disclosures to be made pursuant to Listing Rule 9.6.13.

25 June 2015

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Enquiries:

De La Rue plc            [phone]

Martin Sutherland        Chief Executive Officer

Brunswick                  [phone]

Jon Coles

Oliver Hughes

Notes to editors:

De La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organisations around the world, is at the forefront of the battle against the counterfeiter.

As the world's largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.

De La Rue is the world's largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties.  Other products include authentication labels, assuring purchasers of product validity, and government identity documents.  In addition the Group manufactures high speed cash sorting and banknote inspection equipment.

The company also provides a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions.

De La Rue is listed on the London Stock Exchange (LON:DLAR). For further information visit www.delarue.com 

 

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