REG - Dialight PLC - Directorate Change and Notice of Results

DialightAnnouncement

26/06/2023 07:00

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RNS Number : 8129D  Dialight PLC  26 June 2023

Dialight plc

("Dialight" or the "Group")

 

Appointment of Non-executive Director and notice of results

 

Appointment of Non-executive Director

Dialight plc (LSE: DIA.L), the global leader in LED lighting for heavy
industrial applications, is pleased to announce the appointment of Lynn
Brubaker as an independent non-executive director, with effect from 1 July
2023.  On appointment Lynn will become a member of the Audit, Nominations and
Remuneration Committees, and will also become the nominated
Workforce-Engagement NED.

 

Lynn is based in North America and has spent her executive career in the
aerospace industry, most latterly as Vice President and General Manager of
Commercial Aerospace at Honeywell International.  Prior to that she held
senior roles at Honeywell and at McDonnell Douglas / Boeing.  Lynn is a
non-executive director of FARO Technologies Inc, the US-listed 3-D
measurement, imaging and realisation solutions provider for engineering,
design and manufacturing processes, where she is also a member of the Audit
Committee and chairs the Nominating, Governance & Sustainability
Committee.  Lynn has also held non-executive roles at: QinetiQ Group plc, the
UK listed integrated global defence company focussed on mission-led
innovation, Hexcel Corporation, the US listed high-end composites manufacturer
supplying into the industrial, defence and aerospace sectors, and Nordham
Group, one of the world's largest independently owned aerospace companies.

 

Notice of Results

The Group now intends to publish its results for the six months ending 30 June
2023 (the "Interim Results") on 25 September 2023. The new Board is
undertaking a review of the Group's key strategic focus areas and initiatives
and the revised date will enable it to provide a more comprehensive update on
these, alongside the Interim Results.

 

As highlighted at the AGM trading update in May, the Group expects the
Lighting segment to deliver revenue growth in the first half of the year
offset by a significant decline in Signal and Components revenue following the
cyclical downturn in the opto-electronic market.  As expected, the impact to
H1 margins of the prior year supply chain disruptions will result in a
depressed H1 trading performance relative to the prior year, with the outlook
for FY23 being significantly second half weighted.

 

Neil Johnson, non-executive Chairman, commented:

"I am delighted to welcome Lynn to the board of Dialight.  Her extensive
board and C-suite experience, with an extensive knowledge of the US market
will be valuable, particularly with her time spent within high-end
manufacturing businesses across sector.   Lynn will bring considerable
strength to the Board at Dialight, as well as providing senior management and
our employees, with a US-based non-executive presence."

 

Lynn Brubaker, commented:

"I am very pleased to be joining Dialight and working alongside Neil and the
rest of the Board. Dialight has established itself as a global leader in LED
lighting, and there is a clear opportunity to drive the Group strategy and
take the business to the next phase of its development."

 

There is no further information required to be disclosed pursuant to Listing
Rule 9.6.13R.

 

Contacts:

Dialight plc

Tel: +44 (0)203 058 3542

Neil Johnson - Chair

Fariyal Khanbabi - Group Chief Executive

 

About Dialight:

Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting
for industrial applications. Dialight's LED products are providing the next
generation of lighting solutions that deliver reduced energy consumption and
create a safer working environment. Our products are specifically designed to
provide superior operational performance, reliability, and durability,
reducing energy consumption and ongoing maintenance, and achieving a rapid
return on investment.  The company is headquartered in the UK with operations
in Australia, Dubai, the EU, Malaysia, Mexico, Singapore, the UK, and the
USA.  www.dialight.com (http://www.dialight.com/) .

 

 

 

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