REG - Ricardo PLC - Directorate Change

RicardoAnnouncement

05/03/2024 10:15

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RNS Number : 6332F  Ricardo PLC  05 March 2024

 

Directorate Changes

 

Ricardo plc announces the appointment of Caroline (Carol) Borg as new Audit
Chair, succeeding William (Bill) Spencer

 

Ricardo Plc (Ricardo) is pleased to announce, the appointment of Carol Borg as
a Non-Executive Director from 1st July 2024. William Spencer will step down
from the Board at the Annual General Meeting in November 2024 and Carol will
succeed him as Chair of the Audit Committee.  Carol Borg, who holds a
bachelor degree in accounting (Australia) and is a certified practicing
accountant, is currently the Group Chief Financial Officer at Qinetiq Group
plc, an integrated global defence and security company focused on mission-led
innovation where she is responsible for global Finance and Governance
activities.

 

Mark Clare, Ricardo's Chairman, said: "The Board is delighted that Carol has
agreed to join Ricardo as a Non-Executive Director and take on the
responsibility as Audit Committee Chair when Bill steps

down in November this year. Alongside her financial skills Carol has extensive
international and energy sector experience which will be invaluable to
Ricardo. On behalf of the Board, I would like to

extend our thanks to Bill for his significant contribution to the company over
the past 7 years and for his strong stewardship as Chair of the Audit
Committee, during a time of significant change."

 

Information notified pursuant to Listing Rule 9.6.13

 

Carol Borg holds or has held, the following directorships of publicly quoted
companies in the past five years:

 

Executive Director, QinetiQ Group plc

 

There is no other information concerning Carol Borg which requires disclosure
under Listing Rule 9.6.13.

 

Visit our website: - www.ricardo.com (http://www.ricardo.com)

For further information please contact:

Harpreet Sagoo, Group General Counsel and Company
Secretary:            +44 (0) 7742 810528

 

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