REG - Computacenter - Directorate Change

ComputacenterAnnouncement

02/11/2022 07:17

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RNS Number : 9991E  Computacenter PLC  02 November 2022

Computacenter plc

Incorporated in England and Wales

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

 

 

FOR IMMEDIATE RELEASE

 

Computacenter plc

 

Directorate Change

 

Computacenter plc ("Computacenter" or the "Company") today announces the
appointment of Christian Jehle as Chief Financial Officer and Executive
Director of the Company to succeed Tony Conophy, who has notified the Company
that he will be retiring. Christian will join the Company and the Board
between 24 March 2023 and 1 July 2023. The Company will issue a further
Regulatory News Service announcement once the date that Christian will join
the Company and the Board has been confirmed.

 

Christian will join Computacenter from his current role as Chief Financial
Officer and Executive Director for the UK & Ireland division of Experian
plc, prior to which he held the role of Chief Financial Officer of Global
Decision Analytics at Experian. Christian started his career as a graduate at
Fujitsu Siemens Computers, and prior to joining Experian, held a number of
commercial and finance roles at Accenture, First Data International and SAP
SE, including as Chief Financial Officer, Japan, and Chief Financial Officer,
UK & Ireland, during his time at SAP.

Tony Conophy will be stepping down as Chief Financial Officer and Executive
Director of Computacenter plc upon Christian joining the Company and the
Board.  This will be at a date to be determined, between 24 March 2023 and 1
July 2023. Tony has agreed to then remain with the Company for a further
period (which is anticipated to be for 3 months) to enable an appropriate
transition to Christian to take place.

Mike Norris, Chief Executive Officer, commented:

"We are delighted to appoint Christian in the role of Chief Financial Officer.
His career to date has been characterised by leading transformations of
finance functions to ensure that they are best in class and fit for purpose
for continually expanding and changing businesses. The Board and I look
forward to working with him as we continue to further develop our finance
function as the needs of our business change and ensure that it remains in a
position to best support and enable the continued growth of our business."

"It is hard to overstate the contribution that Tony Conophy has made during
his time at Computacenter, following his appointment as the Group's Chief
Financial Officer in 1998. I would personally like to thank Tony for his wise
counsel, unwavering support and exceptional service during that time. It has
been a great privilege to have worked closely alongside him, and on behalf of
the Board and employees across the Group, I would like to wish him all the
very best for his upcoming retirement."

The company confirms there is no further information to be disclosed under the
requirements of listing rule 9.6.13R in relation to Christian Jehle's
appointment.

Remuneration disclosure

As CFO of Computacenter, Christian will receive a remuneration package which
will comprise a basic salary, variable incentive arrangements and benefits
which are fully in line with Computacenter's current Remuneration Policy. The
key elements of the package are as follows:

He will receive an annual base salary of £450,000.  He will receive a
pension allowance of 5% of salary in line with the wider Computacenter
workforce in the UK, and other benefits in line with relevant existing
Computacenter policies.  He will be eligible to participate in the Company's
existing annual bonus plan with a maximum opportunity of 150% of salary and
subject to deferral in line with our Remuneration Policy. Christian will also
be eligible to participate in the Company's Performance Share Plan (PSP) with
a 2023 award value of 175% of base salary and subject to a two-year holding
period following the end of the three-year performance period.

Malus and clawback will apply to the variable remuneration arrangements.

His share ownership requirement will be in line with the Company's existing
policy, requiring that he build up ownership of a shareholding that is equal
to 200 per cent of his salary. There will be a formal post-employment
shareholding requirement for two years after departure.

Christian will also receive awards to compensate for remuneration arrangements
forfeited on leaving his previous employer.  These will remain subject to
performance conditions where appropriate and take into account the time
horizons of forfeited awards.

All remuneration arrangements are consistent with the terms of the Directors'
Remuneration Policy approved by shareholders at the AGM in May 2020.  Further
detail will be set out in the Directors Remuneration Report within
Computacenter's 2022 Annual Report and Accounts.

Tony Conophy's remuneration arrangements will be treated in accordance with
the Company's approved Remuneration Policy and his service contract, remaining
eligible for salary, benefits and bonus until the date he retires from the
Company. Any bonus payable for 2023 will be pro-rated and subject to deferral.
All Performance Share Plan (PSP) awards which are unvested at the point that
Tony retires from the Company will be pro-rated to the date of leaving and
remain capable of vesting on the original vesting schedule and subject to the
original performance conditions.  All PSP awards will remain subject to the
post-vesting holding periods in line with their terms.  No further PSP awards
will be granted.

Full details will be disclosed in the Directors' Remuneration Report within
the Company's Annual Report and Accounts for the year ended 31 December 2022
and on the Company's website in due course in compliance with Section 430(2B)
of the Companies Act 2006.

Enquiries:

 

 Computacenter plc

 Mike Norris, Chief Executive        01707 631601

 Tony Conophy, Finance Director      01707 631515

 Tulchan Communications

 James Macey White/ Matt Low         020 7353 4200

 

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