REG - TT Electronics PLC - Non-Executive Director Change

TT electronicsAnnouncement

19/03/2024 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240319:nRSS4014Ha&default-theme=true

RNS Number : 4014H  TT Electronics PLC  19 March 2024

 

 

19 March 2024

 

TT Electronics plc

 

Non-Executive Director Change

 

TT Electronics plc ("the Company") announces that Jack Boyer will step down as
a Non-Executive Director at the conclusion of the Company's Annual General
Meeting on 10 May 2024, at which time he will also cease to be the Senior
Independent Director and will relinquish his membership of the Company's
Audit, Nominations and Remuneration Committees.

The Board is pleased to announce the appointment of Anne Thorburn as Senior
Independent Director, in succession to Jack Boyer, with effect from 10 May
2024.

 

The Company also announces that Lynton Boardman will step down as Group
Company Secretary on 31 March 2024, when he will be replaced by the Group
General Counsel, Ian Buckley.  Furthermore, the Company announces that Mick
Ord has joined the Audit Committee.

 

Warren Tucker, the Chairman of TT Electronics plc, said:

"I would like to thank Jack for his invaluable contribution to TT Electronics,
the Board and our wider Committee discussions, since joining TT in 2016.  I
am particularly grateful for the energy, commitment and enthusiasm with which
Jack has carried out his duties as Senior Independent Director and as the
Company's designated director for stakeholder engagement.  Jack leaves TT
Electronics with the Board's best wishes for the future.

While sad to see Jack leave the Board, this move is part of our sequenced
succession plan for the Board. The Board will recruit a further Non-Executive
Director during 2024. We are particularly delighted that Anne has agreed to
take up the role of Senior Independent Director and that we have been able to
appoint such an able successor at this important point in the Company's
progression.

I would also like to express the Board's huge gratitude to Lynton who has been
a constant throughout and instrumental in the transformation of TT since he
joined 11 years ago. We wish him well for the future."

 

This announcement is made in fulfilment of the Company's obligation under UK
LR 9.6.11.

 

 For further information please contact:
 TT Electronics plc                       Tel: +44 (0)1932 827779
 Warren Tucker, Chairman

 Peter France, Chief Executive Officer

 Mark Hoad, Chief Financial Officer

 Kate Moy, Head of Investor Relations and Communications

 MHP                                      Tel: +44 (0)20 3128 8100
 Tim Rowntree / Ollie Hoare

 

 

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance
critical applications.

The Company operates in industries where there are structural growth drivers,
working with market-leading customers primarily in the industrial, medical,
aerospace and defence sectors. Products designed and manufactured include
sensors, power management devices and connectivity solutions. TT has design
and manufacturing facilities in the UK, North America and Asia.

The Company has three divisions. The Power and Connectivity division designs
and manufactures power application products and connectivity devices which
enable the capture and wireless transfer of data. We collaborate with our
customers to develop innovative solutions to optimise their electronic
systems. The Global Manufacturing Solutions division provides manufacturing
services and engineering solutions for our product divisions and to customers
that often require a lower volume and higher mix of different products. We
manufacture complex integrated product assemblies for our customers and
provide engineering services including designing testing solutions and
value-engineering. The Sensors and Specialist Components division works with
customers to develop standard and customised solutions including sensors and
power management devices. Our solutions improve the precision, speed and
reliability of critical aspects of our customers' applications.

For more information about TT Electronics visit www.ttelectronics.com
(http://www.ttelectronics.com/) .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAGZGMFRLRGDZG