REG - Videndum PLC - Directorate Changes

VidendumAnnouncement

28/10/2024 07:00

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RNS Number : 7689J  Videndum PLC  28 October 2024

28 October 2024

Videndum plc

Directorate changes

 

The Board of Videndum ("the Company" or "the Group"), the international
provider of premium branded hardware products and software solutions to the
growing content creation market, announces the following changes to the
Group's executive team.

 

Stephen Harris has been appointed to the position of Executive Chairman, with
Sean Glithero joining as Group Chief Financial Officer. They will assume their
respective new responsibilities with immediate effect. A search for the
position of Group Chief Executive has commenced.

 

The Board also announces that Stephen Bird is stepping down as the Group Chief
Executive Officer and as a member of the Board with immediate effect. The
Board would like to thank Stephen for his contribution to the Group since he
joined in 2009.

 

Andrea Rigamonti has stepped off the Board, but will remain with the Company,
assuming his prior position of Deputy Group Finance Director, which he held
from October 2021 to December 2022 before joining the Board as Group Chief
Financial Officer.

 

Stephen Harris most recently led FTSE250 Bodycote plc for over 15 years as its
CEO. Over his tenure, Stephen oversaw strong growth, international expansion
and operational improvements, creating significant value for the business.
Stephen joined Videndum as a NED in November 2023 and was appointed Chairman
in May 2024. Stephen also has significant non-executive experience, including
as Senior Independent Director at Mondi plc and as a NED at Brixton plc.

 

Sean Glithero joins as a highly experienced Chief Financial Officer, bringing
with him a wealth of financial and commercial leadership. Sean has previously
been CFO at Auto Trader Group plc, Funding Circle Holdings plc, Matchesfashion
and, most recently, at ASOS plc. He started his career at Ernst & Young
where he qualified as a chartered accountant.

 

The Board is committed to the creation of shareholder, and wider stakeholder,
value. As such, the Company will immediately commence a strategic review and
assessment of its reporting structure.

 

The Company will publish a Trading Update in late November 2024.

 

Stephen Harris, Executive Chairman, said:

 

"On behalf of the Board, I would like to thank Stephen Bird for his
contribution to Videndum since he joined in 2009. We wish him success in the
future.

 

"I am delighted to welcome Sean to the Group. With his strong financial and
commercial acumen, he is well positioned to work with the Board and build a
strong finance team.

 

"I am looking forward to working with the senior leadership team of Videndum
to realise its full potential and to deliver meaningful shareholder value."

 

Contacts

 

FTI Consulting                      Richard
Mountain                                  020
3727 1374

 

 

Stephen Bird's Remuneration Arrangements

 

Information relating to the payments to be made to Stephen Bird in connection
with his departure from the Group will be disclosed on Videndum plc's website
and in the Company's 2024 Directors' Remuneration Report in accordance with
the Company's statutory obligations.

 

 

About Videndum

 

Videndum is a leading global provider of premium branded hardware products and
software solutions to the content creation market. We are organised in three
Divisions: Videndum Media Solutions, Videndum Production Solutions and
Videndum Creative Solutions.

 

Videndum's customers include broadcasters, film studios, production and rental
companies, photographers, independent content creators ("ICC"), professional
musicians and enterprises. Our product portfolio includes camera supports,
video transmission systems and monitors, live streaming solutions, smartphone
accessories, robotic camera systems, prompters, LED lighting, mobile power,
carrying solutions, backgrounds, audio capture, and noise reduction equipment.

 

We employ around 1,600 people across the world in ten different countries.
Videndum plc is listed on the London Stock Exchange, ticker: VID.

 

More information can be found at: https://videndum.com (https://videndum.com)

 

 

This announcement contains inside information. The person responsible for
arranging the release of this announcement on behalf of Videndum plc is Jon
Bolton, Group Company Secretary.

 

 

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