REG - Reach PLC - Directorate Change

ReachAnnouncement

18/06/2018 10:00

RNS Number : 6826R
Reach PLC
18 June 2018
 


18 June 2018
Reach plc (the "Company")
Directorate Change
 
This announcement contains inside information.
 
Reach plc announces that Vijay Vaghela, Group Finance Director and Company Secretary, has informed the Board of his decision to pursue other career opportunities, having worked in the business for almost 24 years. Vijay has a 12 month notice period and will remain in his position until a successor has been recruited to ensure an orderly handover.
 
Simon Fox, Chief Executive of Reach plc, said:
"I am hugely grateful to Vijay for the extraordinary impact he has had on the business over the past 24 years. He will leave the business in a strong state, having delivered a transformational acquisition, renegotiated the triennial pension funding valuations and put in place a 4-year finance facility. He will leave with our very best wishes for the future."
 
Vijay Vaghela said:
"I have very much enjoyed my time at Reach plc. The business has changed significantly since I joined Mirror Group in 1994. I am proud of what the business has achieved over the years and am pleased that I had the opportunity to work with many talented individuals. I will continue to fully support the business until a successor has been recruited to ensure a smooth and seamless transition."
 
The person responsible for dissemination of this information was Vijay Vaghela, Group Finance Director and Company Secretary.
 
Enquiries
 



Reach








Simon Fox, Chief Executive
Vijay Vaghela, Group Finance Director and Company Secretary


020 7293 3553




 
Brunswick








Nick Cosgrove, Partner


020 7404 5959




Will Medvei, Director


 








 




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