REG - De La Rue PLC - Appointment of Chairman

De La RueAnnouncement

18/05/2023 07:00

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RNS Number : 7980Z  De La Rue PLC  18 May 2023

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated by the Market Abuse Regulation
(EU) No.596/2014, as it forms part of UK law by virtue of the European
Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.

 

18 May 2023

 

De La Rue plc

Clive Whiley appointed as Non-Executive Chairman

 

De La Rue plc (LSE: DLAR) ("De La Rue", the "Group" or the "Company") is
pleased to announce that, following a comprehensive selection process, it has
appointed Clive Whiley as Non-Executive Chairman of the Board, effective
immediately.

 

Clive Whiley has forty years' experience, both as an executive and
non-executive director, across a wide range of industries and geographies in
regulated and listed company governance positions. He is currently Chairman of
Mothercare plc, and Senior Independent Non-Executive Director of Griffin
Mining Limited and Sportech plc.  He was previously Chairman of Dignity plc
and a non-executive director of Grand Harbour Marina plc (listed in Malta),
Camper & Nicholsons Marina Investments Limited and Stanley Gibbons Group
plc.

 

Clive was responsible for successfully guiding Mothercare's emergence as an
internationally-focused brand business alongside, at Dignity, leading twelve
per cent of the UK funeral market in the eye of the Covid-19 pandemic and is
capable of operating in all operational, financial or regulatory
circumstances.

 

Accordingly, the Board believes that Clive's breadth and depth of experience
and skills are what is required to pilot the business.

 

Nick Bray, who stepped into the role of Interim Chairman after Kevin
Loosemore's resignation became effective on 1 May 2023, will now return to his
previous role as a Non-Executive Director and chairman of the Audit Committee.

 

Margaret Rice-Jones, Senior Independent Director of De La Rue, commented, "I
am pleased to welcome Clive to the Board of De La Rue.  He brings a wealth of
experience in listed companies operating in many different countries and
environments. He is a highly respected business leader with a proven track
record and ideally suited to support the executive team in delivering future
growth."

 

Clive Whiley added, "I am delighted to be joining De La Rue, with its
distinguished heritage, international outlook and a wealth of potential within
the Group.  I am keen to lend my proven experience and knowledge to assist
management as it strives to optimise the underlying intrinsic value of the
business."

 

Save as disclosed above, there are no further details to be disclosed pursuant
to Listing Rule 9.6.13.

 

The person responsible for the release of this announcement on behalf of De
La Rue for the purposes of MAR is Jon Messent (Company Secretary).

 

Enquiries

 De La Rue plc           +44 (0)7990 337707
 Margaret Rice-Jones     Senior Independent Director
 Clive Vacher            CEO
 Louise Rich             Head of Investor Relations

 Brunswick               +44 (0)207 404 5959
 Stuart Donnelly
 Ed Brown

About De La Rue

De La Rue plc's purpose is to secure trust between people, businesses and
governments. As a trusted partner of governments, central banks and commercial
organisations seeking to secure their global supply chains and cash
cycles, De La Rue provides highly secure physical and digital solutions that
underpin the integrity of economies and trade.

 

De La Rue's Currency division provides market-leading end-to-end currency
solutions, from finished banknotes to secure polymer substrate and banknote
security features to over half the central banks and issuing authorities
around the world.

 

Our Authentication division protects revenues and reputations through the
provision of physical and digital solutions to governments and commercial
organisations. We also manufacture ID security components.

 

At 25 March 2023, De La Rue had over 1,800 employees who work with
organisations in more than 140 countries, leveraging the group's manufacturing
facilities in the UK, US, Malta, Sri Lanka and Kenya.

 

De La Rue's shares are traded on the London Stock Exchange (LSE:DLAR). De La
Rue plc's LEI code is 213800DH741LZWIJXP78.

 

For further information please visit www.delarue.com
(https://checkpoint.url-protection.com/v1/url?o=http://www.delarue.com/&g=ODlkYzkxYjY4MTcyYzBhYw==&h=Y2UzYjE4MmQ0ZGYzOTlmZmU3OGY2ZjZiMTlmZGE1OGNkMDQ2ZjI1ODAzNTQyYzc2ZjhhYjAzMjU5NjA5MTM0Nw==&p=Y3AxZTpkZWxhcnVlMTYzMDUwMzk1MDQxOTpjOm86ZjI2MDZhMzFlYTQ5YTM3NDMyYjk2NWU2MjNiNzk0YTA6djE6cDpU)
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