REG - discoverIE Group plc - Appointment of Non-Executive Director

DiscoverieAnnouncement

30/05/2023 07:15

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RNS Number : 8393A  discoverIE Group plc  30 May 2023

30 May 2023

 

discoverIE Group plc

 

Appointment of Non-Executive Director

 

The Board of discoverIE Group plc ("discoverIE" or "the Group"), a leading
international designer and manufacturer of customised electronics to industry,
is pleased to announce the appointment of Celia Baxter as a Non-Executive
Director, with effect from 1 June 2023.

 

Celia brings many years of senior management, executive and board experience
in several FTSE 250 and FTSE100 companies.  In particular, she has a good
understanding of industrial businesses that have grown by acquisition.  She
spent her executive career in Human Resources, starting with Ford Motor
Company and then KPMG, before moving on to Tate & Lyle plc, Enterprise Oil
and Hays plc.  More recently, at Bunzl plc, she was a member of the Executive
Committee responsible for HR and sustainability.

 

Currently, Celia is a Non-Executive Director & Chair of the Remuneration
Committee of DS Smith Plc and Senior Independent Director and Remuneration
Committee Chair of Dowlais Group plc.  Until April 2023, she was Senior
Independent Director and Remuneration Committee Chair of Senior plc.
Previously, she was a Non-Executive Director and Chair of the Remuneration
Committee of RHI Magnesita NV and a Non-Executive Director of Bekaert NV.

 

Bruce Thompson, Chairman, commented: "We are delighted to welcome Celia to the
Board.  We look forward to working with her and benefitting from her
experience as we take the Group forward to the next phase of its development."

 

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

 

 

For further information, please contact:

 

discoverIE Group plc
 
01483 544 500

Bruce Thompson Chairman

Nick Jefferies       Group Chief Executive

Simon Gibbins     Group Finance Director

Lili Huang               Investor Relations

 

Buchanan 020 7466 5000

Chris Lane, Toto Berger, Jack Devoy

discoverIE@buchanan.uk.com (mailto:discoverIE@buchanan.uk.com)

 

Notes to Editors:

discoverIE Group plc is an international group of businesses that designs and
manufactures innovative electronic components for industrial applications.

 

The Group provides application-specific components to original equipment
manufacturers ("OEMs") internationally through its two divisions, Magnetics
& Controls, and Sensing & Connectivity. By designing components that
meet customers' unique requirements, which are then manufactured and supplied
throughout the life of their production, a high level of repeating revenue is
generated with long term customer relationships.

 

With a focus on sustainable key markets driven by structural growth and
increasing electronic content, namely renewable energy, medical,
electrification of transportation and industrial automation &
connectivity, the Group aims to achieve organic growth that is well ahead of
GDP and to supplement that with complementary acquisitions. The Group has an
ongoing commitment to reducing the impact of its operations on the environment
and with its key markets aligned with a sustainable future, it has been
awarded an ESG "A" rating by MSCI and is Regional (Europe) Top Rated by
Sustainalytics.

 

The Group employs c.4,700 people across 20 countries with its principal
operating units located in Continental Europe, the UK, China, Sri Lanka, India
and North America.

 

discoverIE is listed on the Main Market of the London Stock Exchange and is a
member of the FTSE250, classified within the Electrical Components and
Equipment subsector.

 

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