Director illness

RNS Number : 8844S

Electrocomponents PLC

11 November 2019

 

Management update

Electrocomponents plc announces that the Board has agreed for Lindsley Ruth, Chief Executive Officer, to take a temporary leave of absence from the business while he receives treatment for a medical condition. Lindsley is expected to return to his position, following a short period of recovery, in the New Year. In the interim, David Egan will assume Lindsley's duties in addition to his role as Chief Financial Officer. David will be ably supported by the Group's Senior Management.

The Company will release its results for the half year ended 30 September 2019 as scheduled, on Tuesday 12 November. 

Peter Johnson, Chair, said:

"Lindsley has significantly improved the performance of Electrocomponents over the past four years. We wish him a speedy recovery and look forward to welcoming him back to the business in full health. The business is in good shape. It is executing well against a clear strategy and the Board has complete confidence in the strength of the Senior Management Team under the direction of David Egan. I will be available to provide whatever time David and the broader management team need during Lindsley's absence."

Enquiries:

David Egan	Chief Financial Officer	020 7239 8400
Polly Elvin	VP Investor Relations	020 7239 8427
Martin Robinson / Lisa Jarrett Kerr	Tulchan Communications	020 7353 4200

 

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