REG - Intnl Workplace Grp - Directorate Changes

International WorkplaceAnnouncement

26/03/2025 17:00

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RNS Number : 3555C  International Workplace Group PLC  26 March 2025

INTERNATIONAL WORKPLACE GROUP PLC

DIRECTORATE CHANGES

 

International Workplace Group plc (the "Company"), the world's largest hybrid
workspace platform with a network in over 120 countries through flexible
workspace brands such as Regus, Spaces, HQ, and Signature, is pleased to
announce that Lazaro Campos and Stephen Jennings will join the Company as
Non-Executive Directors, with Lazaro Campos taking the role of Senior
Independent Director and Stephen Jennings taking the role of Nomination
Committee Chair. These appointments will take effect from 20 May 2025 and are
subject to applicable law including shareholder approval at the Company's
forthcoming annual general meeting. Tarun Lal, who has been serving in these
roles on an interim basis while the Company identified long-term successors,
will remain on the Board.

Lazaro Campos is a highly-experienced Non-Executive Director, currently
serving as the Independent Chairman at PPRO GmbH. He also has independent
board director positions at Starling Bank and the payments platform Payoneer.
Among other prior non-executive roles, Lazaro served as the Senior Independent
Director of the Bank of England's RTGS/CHAPS Board from 2018 to 2023 and was
Chairman of open banking platform DirectID until the end of 2024. Lazaro's
professional career included 25 years at the international banking platform
SWIFT, which serves customers in over 200 countries, where he ended his career
as the CEO leading the company through a major transformation post the
financial crisis in 2008. After leaving SWIFT in 2012 Lazaro
co-founded FinTechStage, a company specialised in innovation programmes for
the financial services sector around the world, where he now serves as Chair.

Stephen Jennings is currently the Lead Independent Director at Analog Devices
(NASDAQ:ADI). His professional career included serving as a senior Strategy
Principal at Deloitte, LLP, and as a member of both of Deloitte's U.S. Board
of Directors and Deloitte Touche Tohmatsu's Global Board of Directors prior to
his retirement in June 2023. Prior to Deloitte, Stephen was the Managing
Partner of Monitor Group, where he led the global strategy firm from 2006
until its successful acquisition by Deloitte in 2013. Over his career as a
senior advisor at Deloitte and Monitor Group, Stephen held executive
leadership roles with industry specializations including technology and
hospitality sector practices. In addition to his expertise in enterprise
growth, innovation, M&A, organisation transformations, and strategy,
Stephen brings deep corporate governance experience from advising Global
Fortune 500 C-suite executives and Boards of Directors. His previous board
experience includes serving as Chair of the Board at AspenTech (NASDAQ:AZPN)
and as an independent Director of LTX-Credence (NASDAQ:LTXC)

Commenting on the changes announced today, Douglas Sutherland, Chairman of the
Company, said:

"I am extremely pleased that we are able to bring onto the International
Workplace Group Board two individuals who have such a significant depth of
relevant experience and expertise. The Company will greatly benefit from their
contributions as it continues to strengthen its position as the global leader
in the rapidly developing flexible workspace market."

 

"I would like to thank Tarun Lal for his effective service as the Senior
Independent Director and Nomination Committee Chair on an acting basis while
we identified the long-term replacements for these roles. I look forward to
Tarun's continued valuable contributions to the board."

 

 

There is no further information required to be disclosed pursuant to LR 9.6.13

 

Further information:

 

International Workplace Group plc

Mark Dixon, Chief Executive Officer

Charlie Steel, Chief Financial Officer

Richard Manning, Head of Investor Relations

 

Brunswick Tel: +44 (0) 20 7404 5959

Nick Cosgrove

Greg Dawson

 

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