REG - FDM Group plc - Directorate Change

FDM (Holdings)Announcement

25/06/2025 07:02

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RNS Number : 2672O  FDM Group (Holdings) plc  25 June 2025

25 June 2025

FDM Group (Holdings) plc ("FDM Group", "the Company")

Appointment of Board Chair and Resulting Board Changes

FDM Group, a global professional services provider with a focus on Information
Technology, is pleased to announce the appointment of Alan Kinnear as
Non-Executive Chair of the Board with effect from 30 July 2025. Alan Kinnear
will succeed David Lister, who will retire from the Board on the same date.
David has served on the Board since March 2016, initially as a Non-Executive
Director, and then as Non-Executive Chair from March 2019. The Company
announced David's intention to retire in March 2025.

Alan Kinnear joined the Board of FDM Group in January 2020 as an independent
Non-Executive Director, becoming Chair of the Audit Committee in April 2020.
He has been appointed as Chair of the Board following a thorough selection
process led by the Nomination Committee which involved consideration of
internal and external candidates. Alan is independent on appointment.

With effect from 30 July 2025, Alan Kinnear will join and also chair the
Nomination Committee. He will step down from the Audit Committee (of which he
is currently Chair) and the Remuneration Committee.

Alan spent 35 years at PwC, including 23 years as an audit partner working
with listed, private equity-backed and high-growth companies. He was a member
of PwC's Southeast regional board and a national leader for audit services in
the private equity sector. Alan has an in-depth knowledge of FDM Group's
business from his work as a Non-Executive Director on the Board over the last
five years, and a strong background in governance and risk management.

On 30 July 2025, Rowena Murray will replace Alan Kinnear as Chair of the Audit
Committee. Rowena joined the Board as a Non-Executive Director in August 2023.
She became Chair of the Remuneration Committee in May 2024, and will continue
in that role.

Rowena began her career in Sydney as a corporate lawyer. In 2004 she joined
Investec Bank plc ("Investec") and moved to the UK, where she later became a
director in Investec's Investment Banking division. For more than seven years
Rowena has been the appointed non-executive director (including serving on
board committees) for various companies within the portfolio of Tenzing
Private Equity, an investor in high-growth UK and European SMEs. Her
background in these roles brings wide-ranging experience in financial,
accounting, audit, regulatory and corporate governance matters.

A search for a new Non-Executive Director will be undertaken and a further
announcement will be made when appropriate.

Alan Kinnear said, "I'm delighted to succeed David Lister as Chair of the
Board. Despite the market headwinds which have persisted over the last two
years, FDM Group remains a dynamic business with a proven track-record in
providing high-quality people and services to its clients, and promoting
diversity, inclusion and social mobility in its organisation. Thanks to the
guidance of FDM Group's long-serving, experienced management team, the Group
has weathered the impact of the ongoing challenging economic conditions in
which it has been operating. I look forward to working more closely with them
to further develop and implement our strategy for a return to growth."

David Lister commented, "It's been a privilege to be Chair of the Board of FDM
Group for the last 6 years, during which the Company has evolved and adapted
to extraordinary changes in technology and the business world. The time is
right for me to hand over to a new chair who will guide the Company through
the next phase of its development. I am pleased that we have someone of Alan's
calibre, experience and knowledge of the business to take on the role. I wish
Alan and the rest of the Board every success for the future."

Rod Flavell, CEO, said, "David Lister has helped us to steer FDM Group through
a period which has included both the unprecedented challenges of the pandemic,
the highest levels of growth in the Company's history, and the toughest
operating market this century. I thank David personally and on behalf of the
Board for his wisdom and steady leadership during that time. We wish him all
the best for the future. Alan Kinnear has already made a significant
contribution to the work of the Board as a Non-Executive Director, and I look
forward to working with him more closely as we continue our mission of
powering the people behind tech and innovation."

 

ENDS

For Further Information:

 Rod Flavell - CEO                         020 3056 8240
 Mark Heather - Company Secretary          020 3056 8240
 Nick Oborne - Financial Public Relations  07850 127526

 

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