REG - Diploma PLC - Directorate Change

DiplomaAnnouncement

10/08/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220810:nRSJ4579Va&default-theme=true

RNS Number : 4579V  Diploma PLC  10 August 2022

    10-11 CHARTERHOUSE SQUARE, LONDON EC1M 6EE

          TELEPHONE: +44 (0)20 7549 5700

          10 August 2022

    DIPLOMA PLC

    DIRECTORATE CHANGE

    Diploma PLC (the "Company" or "Diploma"), the international group distributing
    specialised products and services, today announces that Barbara Gibbes will
    step down from her role of Group Chief Financial Officer and leave the
    Group on Friday 30 September 2022. Barbara will be succeeded by Chris
    Davies as Group Chief Financial Officer whose start date will be confirmed
    in due course.

    Chris Davies joins us from National Express Group PLC, a FTSE 250 business
    where he has been Group Chief Financial Officer since 2017. He previously
    served as Group Financial Controller and Treasurer and then Interim Group
    Chief Financial Officer at Inchcape plc, and Chief Financial Officer for North
    America at Diageo plc, where he also held several other senior roles. Prior to
    this, Chris held roles at Andersen Consulting, The Boots Company plc and
    Marakon Associates.  He is currently a Non-Executive Director of Motability
    Operations Group PLC.

    Barbara Gibbes, current Group Chief Financial Officer, will remain in her
    existing role to support the Company through the current financial year and
    ensure an orderly transition. She will step down from the Board on Friday 30
    September 2022.

    During the interim period from 1 October 2022 until the date when Chris joins,
    Chief Executive, Johnny Thomson, will assume supervision of the senior finance
    team.

    Commenting on the appointment, Johnny Thomson, Diploma's Chief Executive said:

    "Barbara has played an important role for Diploma, helping to steer the
    business through the pandemic and to establish a strong platform for the
    future. On behalf of all my colleagues I would like to
    thank Barbara for her commitment and leadership.

    I am delighted to welcome Chris to Diploma. He is an experienced CFO with an
    excellent track record in decentralised, service-led, multi-national
    organisations. As we continue to scale, he will also be an important support
    in the delivery of strategy, business performance and a robust financial
    framework. I am confident that he will make a strong contribution to our
    leadership team and the Group.  Chris is joining Diploma at an exciting time,
    and I very much look forward to working with him to execute our strategy of
    building high-quality, scalable businesses for organic growth."

    There is no other information to be disclosed under paragraph 9.6.13 R of the
    Listing Rules in relation to the appointment of Chris Davies.

    This announcement includes inside information as defined in Article 7 of the
    Market Abuse Regulation No. 596/2014 as it forms part of UK domestic law by
    virtue of the European Union (Withdrawal) Act 2018. The person responsible for
    arranging for the release of this announcement on behalf of the Company is
    John Morrison, Group Company Secretary and Head of Legal.

    For further information, please contact:

Diploma PLC -                             +44 (0)20 7549 5700

    Johnny Thomson, Chief Executive Officer
    John Morrison, Group Company Secretary and Head of Legal

    Kellie McAvoy, Head of Investor Relations

    Tulchan Communications -                  +44 (0)20 7353 4200
    Martin Robinson
    Olivia Peters

 

    Additional Information:

    1.   Chris Davies will be paid in accordance with the Company's Directors'
    Remuneration Policy. Full details of Chris Davies's remuneration arrangements
    will be set out in the Annual Report and Accounts for the year ended 30
    September 2022.

    2.   Barbara Gibbes will be treated in accordance with the Company's
    Directors' Remuneration Policy and the terms of her service contract. Further
    details will be disclosed on Diploma's website in compliance with Section
    430(2B) of the Companies Act 2006 and in the Directors' Remuneration Report.

    LEI: 2138008OG17VYG8FGR19

 

DIPLOMA PLC

DIRECTORATE CHANGE

 

Diploma PLC (the "Company" or "Diploma"), the international group distributing
specialised products and services, today announces that Barbara Gibbes will
step down from her role of Group Chief Financial Officer and leave the
Group on Friday 30 September 2022. Barbara will be succeeded by Chris
Davies as Group Chief Financial Officer whose start date will be confirmed
in due course.

Chris Davies joins us from National Express Group PLC, a FTSE 250 business
where he has been Group Chief Financial Officer since 2017. He previously
served as Group Financial Controller and Treasurer and then Interim Group
Chief Financial Officer at Inchcape plc, and Chief Financial Officer for North
America at Diageo plc, where he also held several other senior roles. Prior to
this, Chris held roles at Andersen Consulting, The Boots Company plc and
Marakon Associates.  He is currently a Non-Executive Director of Motability
Operations Group PLC.

Barbara Gibbes, current Group Chief Financial Officer, will remain in her
existing role to support the Company through the current financial year and
ensure an orderly transition. She will step down from the Board on Friday 30
September 2022.

During the interim period from 1 October 2022 until the date when Chris joins,
Chief Executive, Johnny Thomson, will assume supervision of the senior finance
team.

Commenting on the appointment, Johnny Thomson, Diploma's Chief Executive said:

"Barbara has played an important role for Diploma, helping to steer the
business through the pandemic and to establish a strong platform for the
future. On behalf of all my colleagues I would like to
thank Barbara for her commitment and leadership.

I am delighted to welcome Chris to Diploma. He is an experienced CFO with an
excellent track record in decentralised, service-led, multi-national
organisations. As we continue to scale, he will also be an important support
in the delivery of strategy, business performance and a robust financial
framework. I am confident that he will make a strong contribution to our
leadership team and the Group.  Chris is joining Diploma at an exciting time,
and I very much look forward to working with him to execute our strategy of
building high-quality, scalable businesses for organic growth."

There is no other information to be disclosed under paragraph 9.6.13 R of the
Listing Rules in relation to the appointment of Chris Davies.

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018. The person responsible for
arranging for the release of this announcement on behalf of the Company is
John Morrison, Group Company Secretary and Head of Legal.

 

For further information, please contact:

 

 Diploma PLC -                             +44 (0)20 7549 5700

 Johnny Thomson, Chief Executive Officer
 John Morrison, Group Company Secretary and Head of Legal

 Kellie McAvoy, Head of Investor Relations

 Tulchan Communications -                  +44 (0)20 7353 4200
 Martin Robinson
 Olivia Peters

 

Additional Information:

 

1.   Chris Davies will be paid in accordance with the Company's Directors'
Remuneration Policy. Full details of Chris Davies's remuneration arrangements
will be set out in the Annual Report and Accounts for the year ended 30
September 2022.

 

 

2.   Barbara Gibbes will be treated in accordance with the Company's
Directors' Remuneration Policy and the terms of her service contract. Further
details will be disclosed on Diploma's website in compliance with Section
430(2B) of the Companies Act 2006 and in the Directors' Remuneration Report.

 

 

 

 

 

 

LEI: 2138008OG17VYG8FGR19

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEASPNEFLAEFA