REG - RWS Holdings PLC - Directorate Change

RWS HoldingsAnnouncement

26/11/2024 07:00

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RNS Number : 5887N  RWS Holdings PLC  26 November 2024

Embargoed until
7am
26 November 2024

 

RWS Holdings plc

 

Directorate change

 

Appointment of new CEO

 

RWS Holdings plc ("RWS" or "the Company"), a unique world-leading provider of
technology-enabled language, content and intellectual property services, today
announces that Benjamin Faes ("Ben"), 52, will be appointed as Chief Executive
Officer ("CEO") of the Company.

Ben will join RWS as CEO-Designate on Monday, 2 December 2024 and it is
anticipated that, following a handover of responsibilities, he will become CEO
and a Director of the Company with effect from Monday, 6 January 2025. As
announced on 1 October 2024, current CEO Ian El-Mokadem will remain available
to support a smooth handover until the end of January 2025 when, as previously
announced, he will leave the Company.

Ben has more than 25 years' experience in digital transformation and
leadership across the technology and media sectors, creating and leading
international teams in sales, partnership development and marketing. Ben will
bring significant expertise in transforming businesses through the use of
technology and driving profitable organic growth.

After eight years at AOL, culminating in the role of managing director for
France, Ben joined Alphabet in 2008 where he launched the monetisation of
YouTube across Europe. He then took a series of leadership roles for Google in
the EMEA region before becoming managing director of Google Cloud for Southern
Europe and Emerging Markets. In 2021, Ben joined Webhelp, a leading customer
experience management company, as UK CEO and, following their merger with
Concentrix, he led the transformation and technology team at Concentrix in his
most recent role.

Ben Faes commented:

"I am delighted to be joining RWS at such an exciting time for the business.
It is clear that the industry is in transition and that the Group is pivoting
successfully in response, with a clear focus on accessing new sources of
growth and adding to its already impressive technology and AI capabilities. I
look forward to getting to know RWS's talented teams and leading the Group in
the next phase of its development."

Julie Southern, Chairman, commented:

"I am delighted to welcome Ben to RWS. His extensive, international track
record in developing new revenue streams and implementing go-to-market
strategies will be a significant asset to the Group as we continue to develop
and market our suite of AI-enabled services and software. I am confident that
Ben's longstanding experience across sales, business development and
marketing, combined with his strong technology background, will enable him to
build on the strong foundations Ian has established.

"We are grateful for Ian's leadership of RWS over the last three and half
years. He, and our broader leadership team, have made considerable progress in
line with the Group's strategy, having brought RWS and SDL together, shaped
our purpose and values, developed a refreshed range of AI-centred solutions,
invested in a more efficient platform and seen the Group returning to organic
constant currency growth in the second half of FY24. I would like to thank him
for his continued commitment to the Group over the last six months while we
have recruited his successor."

 

Directorships

Other than the directorships listed below, there is no further information
required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM
Rules for Companies in relation to Benjamin Faes's appointment to the Board.

Current appointments:

Tinarel Ltd

Appointments held in the past five years:

100GB Ltd

Concentrix TSC UK Ltd

 

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                           020 3128 8100

                                                      07884 494112
 Numis (Nomad & Joint Broker)

 Stuart Skinner / William Wickham                     020 7260 1000

 Berenberg (Joint Broker)

 Ben Wright / Toby Flaux / Mike Burke / Milo Bonser   020 3207 7800

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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