REG - Reach PLC - Directorate Change

ReachAnnouncement

11/10/2022 07:16

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RNS Number : 4617C  Reach PLC  11 October 2022

11 October 2022

 

Reach plc

 

Directorate Change

 

Reach plc (the "Company" or "Reach"), the owner of over 130 trusted national
and local media brands, reaching 80% of the UK online population,
today announces that the Company and Simon Fuller, Group Chief Financial
Officer, have mutually agreed that it is an appropriate time for Simon to step
down and move on to new challenges. Simon has contributed significantly to
Reach's strategy and helped guide the business through a period of significant
change and will step down from his role of Group Chief Financial Officer on
31 December 2022 and will leave the Group following a period of garden leave.
Simon, will remain in his existing role until the end of this year to support
the Company and ensure an orderly transition.

Simon will be succeeded by Darren Fisher as Group Chief Financial
Officer whose start date will be confirmed in due course.

Darren joins us from ITV plc where he was Group Director of Finance and has
been responsible for all group finance functions and operations. Additionally
he is divisional CFO for the Media & Entertainment division, which
contains the UK broadcast business as well as ITV's digital offerings (ITV
Hub, ITVX). He has been in this role since 2020. Previously he served as
Director of Finance for Micro Focus plc and Sage plc.

Commenting on the appointment, Jim Mullen Reach's Chief Executive said:

Simon has played an important role for Reach, helping to steer the business
through the pandemic. On behalf of all the Board I would like to
thank Simon for his valuable contribution, hard work and commitment.

I am delighted to welcome Darren to Reach. He brings a strong set of
financial, operational and strategic skills to the Board. I am confident that
he will make a strong contribution to our leadership team and the Group.
Darren is joining Reach at an important time, and I very much look forward to
working with him to continue to execute our Customer Value strategy."

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

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
Lorraine Clover, Group Company Secretary

 

Additional Information:

1.  Darren Fisher will be paid in accordance with the Company's Directors'
Remuneration Policy. Full details of Darren's remuneration arrangements will
be set out in the Annual Report and Accounts for the year ended 25 December
2022.

2.  Simon Fuller will be treated in accordance with the Company's Directors'
Remuneration Policy and the terms of his service contract. Further details
will be disclosed on Reach plc's website in compliance with Section 430(2B) of
the Companies Act 2006 and in the Directors' Remuneration Report.

LEI: 213800GNI5XF3XOATR61

Classification: 2.2 Inside Information disclosed under article 7 of
the Market Abuse Regulation

 

 

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