REG - RWS Holdings PLC - Directorate Change

RWS HoldingsAnnouncement

23/05/2024 07:00

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RNS Number : 5553P  RWS Holdings PLC  23 May 2024

 23 May 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

RWS Holdings plc

 

Directorate change

 

CEO's intention to step down

 

RWS Holdings plc ("RWS" or "the Company"), a unique world-leading provider of
technology-enabled language, content and intellectual property services, today
announces that Ian El-Mokadem has informed the Board of his intention to step
down as Chief Executive Officer and Director of the Company to pursue the next
stage of his career.

It is currently anticipated that Ian will remain with RWS until early 2025 in
order to ensure an orderly transition.  The Board will commence the search
for a successor immediately and further updates will be provided in due
course.

Julie Southern, Chairman, commented:

"There will be plenty of time to thank Ian properly when he leaves but we are
grateful for his leadership of RWS during a pivotal time for the business and
its industry. He, and our broader leadership team, have made considerable
progress in line with the Group's strategy, strengthening its position for the
future.  It is testament to his commitment to the Group that he remains fully
focussed on the business while allowing ample time for a smooth succession."

Ian El-Mokadem, commented:

"I am proud of what we have achieved over the past few years. We have brought
RWS and SDL together, shaped our purpose and values, launched a refreshed
range of solutions, invested in a more efficient platform for future growth
and created a more unified culture.  Having achieved a great deal, this is an
appropriate time to make this announcement so that an orderly succession
process can take place.  In the meantime, it remains my privilege to lead our
talented and diverse global team and to serve our wonderful clients."

For further information, please contact:

 RWS Holdings plc

 Julie Southern, Chairman                         01753 480200
 MHP (Financial PR advisor)                       rws@mhpgroup.com (mailto:rws@mhpgroup.com)

 Katie Hunt / Eleni Menikou / Catherine Chapman   020 3128 8100

                                                  07884 494112
 Numis (Nomad & Joint Broker)

 Stuart Skinner / Will Baunton                    020 7260 1000

 Berenberg (Joint Broker)

 Ben Wright / Toby Flaux / Milo Bonser            020 3207 7800

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Jane Hyde, Group General Counsel and Company
Secretary.

 

About RWS:

RWS Holdings plc is a unique, world-leading provider of technology-enabled
language, content and intellectual property services. Through content
transformation and multilingual data analysis, our combination of AI-enabled
technology and human expertise helps our clients to grow by ensuring they are
understood anywhere, in any language.

Our purpose is unlocking global understanding. By combining cultural
understanding, client understanding and technical understanding, our services
and technology assist our clients to acquire and retain customers, deliver
engaging user experiences, maintain compliance and gain actionable insights
into their data and content.

Over the past 20 years we've been evolving our own AI solutions as well as
helping clients to explore, build and use multilingual AI applications. With
40+ AI-related patents and more than 100 peer-reviewed papers, we have the
experience and expertise to support clients on their AI journey.

We work with over 80% of the world's top 100 brands, more than three-quarters
of Fortune's 20 'Most Admired Companies' and almost all of the top
pharmaceutical companies, investment banks, law firms and patent filers. Our
client base spans Europe, Asia Pacific, Africa and North and South America.
Our 65+ global locations across five continents service clients in the
automotive, chemical, financial, legal, medical, pharmaceutical, technology
and telecommunications sectors.

Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM,
the London Stock Exchange regulated market (RWS.L).

For further information, please visit: www.rws.com (http://www.rws.com/) .

 

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