REG - De La Rue PLC - Executive Changes in Authentication Division

De La RueAnnouncement

02/09/2022 07:00

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RNS Number : 0217Y  De La Rue PLC  02 September 2022

 

 

2 September 2022

 

DE LA RUE PLC ANNOUNCES EXECUTIVE CHANGES IN AUTHENTICATION DIVISION

 

De La Rue plc (LSE: DLAR) ("De La Rue", the "Group" or the "Company") today
announces that it has appointed David Sharratt as Managing Director of the
Group's Authentication division, with effect from 12 September 2022.  David
will join the Group Executive Leadership Team. This appointment follows the
decision by Andrew Clint, current Managing Director of the Group's
Authentication division, to resign to pursue other opportunities after three
years leading the division, and over 13 years with the Company.

David Sharratt has over 25 years' experience growing businesses across a
number of sectors, including mobile computing and software, renewable energy
and chemicals.  Most recently, he was Vice President, International for Array
Technologies, where he delivered significant sales growth across EMEA and
Latin America, including securing substantial business in a number of new
countries.  Prior to this, David held various business development leadership
positions at Honeywell International, including in their Global Tracking,
Scanning and Mobility, and Chemicals business units.

Clive Vacher, CEO of De La Rue, commented, "I am delighted to welcome David
Sharratt to the Group.  David is an accomplished executive who will drive
further growth and success in Authentication.  His track record of revenue
and margin growth, coupled with substantial international experience across a
variety of sectors, means that the division will be in excellent hands for the
next phase of its development."

"I am extremely grateful to Andrew Clint for his outstanding service to the
Group.  He has been an integral part of the Executive Leadership Team and has
played a pivotal role in the Company's Turnaround Plan.  Under his
leadership, the division has exhibited strong growth in revenue and margin,
based on De La Rue's proprietary track and trace solutions for governments and
brand protection.  I wish him well for the future."

 

 De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

 

 De La Rue plc       +44 (0) 7990 337707
 Clive Vacher        Chief Executive Officer
 Rob Harding         Chief Financial Officer
 Louise Rich         Head of Investor Relations

 Brunswick           +44 (0)207 404 5959
 Stuart Donnelly

 Ed Brown

Cautionary note regarding forward-looking statements

 

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "anticipates", "expects", "intends", "plans", "may",
"will", "could", "shall", "risk", "aims", "predicts", "continues", "assumes",
"positioned" or "should" or, in each case, their negative or other variations
or comparable terminology. These forward-looking statements include all
matters that are not historical facts. They appear in a number of places
throughout this announcement and include statements regarding the intentions,
beliefs or current expectations of the directors, De La Rue or the Group
concerning, amongst other things, the results of operations, financial
condition, liquidity, prospects, growth and strategies of De La Rue and the
industry in which it operates.

By their nature, forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors because they relate to events and
depend on circumstances that will occur in the future whether or not outside
the control of the Company. Past performance cannot be relied upon as a guide
to future performance and should not be taken as a representation or assurance
that trends or activities underlying past performance will continue in the
future. Accordingly, investors or potential investors should not place undue
reliance on these forward-looking statements. The Group's actual results of
operations, financial condition, liquidity and the development of the industry
in which it operates may differ materially from the impression created by the
forward-looking statements contained in this announcement. In addition, even
if the results of operations, financial condition and liquidity of the Group
and the development of the industry in which it operates, are consistent with
the forward-looking statements contained in this announcement, those results
or developments may not be indicative of results or developments in subsequent
periods.

Other than in accordance with its legal or regulatory obligations, De La Rue
does not undertake any obligation to update these forward-looking statements,
which speak only as at the date of this announcement, and will not publicly
release any revisions that may be made to these forward-looking statements,
which may result from events or circumstances arising after the date of this
announcement.

 

 

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