REG - Clarkson PLC - Appointment of New Chair

ClarksonAnnouncement

02/03/2022 07:00

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RNS Number : 2855D  Clarkson PLC  02 March 2022

 

 

 

CLARKSON PLC

(the "Company" or "Clarksons")

 

2 March 2022

 

Appointment of New Chair

 

Further to the announcement on 15 December 2021 that Sir Bill Thomas would not
be seeking re-election at the Company's annual general meeting in May, and
would step down upon the appointment of his successor, the Board has
undertaken a rigorous search of both external and internal candidates and is
pleased to announce that Laurence Hollingworth has been appointed Chair with
immediate effect.

 

Laurence joined the Clarksons Board in July 2020 and brings extensive
experience in the capital markets and a strong understanding of the broking
environment following a 37-year career in stockbroking and investment banking
with Cazenove and JP Morgan.

 

He held several senior leadership roles at JP Morgan including Head of UK
Investment Banking, Head of EMEA Industry Coverage and finally as Vice
Chairman for Equity Capital Markets EMEA. He is currently the Non-Executive
Chairman at ABM Communications, and a Non-Executive Director at Recycling
Technologies and Atom Bank PLC.

 

As Chair of the Board, Laurence will step down from his role as a member of
the Audit and Risk Committee, will remain a member of the Remuneration
Committee and will become Chair of the Nomination Committee.

 

Following the appointment of Laurence as successor, Sir Bill Thomas will step
down from the Board today.

 

Andi Case, CEO, commented "We are very pleased to welcome Laurence to his new
role as Chair of the Board. Since he joined Clarksons in 2020 he has proven
himself an invaluable advisor with a wealth of experience in the broking
sector and I look forward to working with him in his new position.

 

We thank Bill for his leadership of the Board over the last three years and
wish him all the best for the future."

 

Laurence Hollingworth, incoming Chair of Clarksons, said: "I am delighted and
privileged to succeed to the position of Chair of Clarksons. Over the last two
years I have seen first-hand the expertise, teamwork and determination that
have enabled the Company to navigate the global challenges brought about by
Covid-19 with tremendous success. There is no doubt in my mind that Clarksons
is the leading service provider across all of its markets. I look forward to
continuing to work with the Board to lead the Company into the next successful
stage of its journey as it seeks to lead the industry through the Green
Transition, deliver for clients across all verticals and increase value for
shareholders."

 

 

 

 

 

 

 

 

 

 

 

As at 2 March 2022, following these changes, the Board committees will
comprise the following members:

 

 

 

 Audit and Risk Committee  Nomination Committee           Remuneration Committee
 Sue Harris (Chair)        Laurence Hollingworth (Chair)  Dr Tim Miller (Chair)

 Peter Backhouse           Peter Backhouse                Sue Harris

 Martine Bond              Dr Tim Miller                  Laurence Hollingworth

 Heike Truol               Heike Truol                    Birger Nergaard

 

 

Company enquiries:

Andi Case, Chief Executive Officer

Jeff Woyda, Chief Financial Officer and Chief Operating Officer

 

Tel: +44(0) 20 7334 0000

 

Camarco:

Billy Clegg

Jennifer Renwick

 

Tel: +44(0) 20 3757 4983 / 4994

 

 

About Clarkson PLC

Clarkson PLC is the world's leading provider of integrated services and
investment banking capabilities to the shipping and offshore markets,
facilitating global trade.

 

Founded in 1852, Clarksons offers its diverse and growing client base an
unrivalled range of shipbroking services, sector research, on-hand logistical
support and full investment banking capabilities in all key shipping and
offshore sectors.

 

The Company has delivered 18 years of consecutive dividend growth. The highly
cash generative nature of the business, supported by a strong balance sheet,
has enabled Clarksons to continue to invest to position the business to
capitalise on the upturn in its markets.

 

Clarksons is listed on the main market of the London Stock Exchange under the
ticker CKN and is a member of the FTSE 250 Index.

 

For more information, visit www.clarksons.com (http://www.clarksons.com) .

 

 

 

 

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