REG - Volex PLC - Directorate Changes

VolexAnnouncement

20/10/2023 07:00

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RNS Number : 7949Q  Volex PLC  20 October 2023

LEI: 213800HBLQNH5FXXGE63

20 October 2023

Volex plc

Directorate Changes

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power
and data transmission products, announces the following changes to its Board.

Appointment of non-executive Director

John Wilson has been appointed to the Board, as an independent non-executive
Director, with effect from 19 October 2023.  John is a globally experienced
Boardroom Director, with a strong background in the technology, components and
connectivity solutions sectors.  He is currently CEO of Bulgin Limited, a
global leading manufacturer of sealed connectors and components, and was
formerly Senior Independent Director, Chair of the Audit Committee and Chair
of the Remuneration Committee of Checkit plc (previously Elektron Technology
plc).  John has a degree in Engineering from the University of Durham.

Director Resignation

Dean Moore, senior non-executive Director, has notified the Board of his
decision to resign with immediate effect, in order to pursue other business
interests.

Committee Changes

Sir Peter Westmacott has been appointed as Senior Independent Director, and
Jeffrey Jackson has been appointed as a member of the Nominations Committee,
both with immediate effect. Following his appointment, John Wilson will assume
the role of Chair of the Audit Committee.

The composition of the committees of the Board is now as follows:

·    Audit Committee: John Wilson (Chair) and Amelia Murillo.

·    Remuneration Committee: Amelia Murillo (Chair) and Jeffrey Jackson.

·    Nominations Committee: Sir Peter Westmacott (Chair), Nat Rothschild
and Jeffrey Jackson.

·    Safety, Environmental & Sustainability Committee: Jeffrey Jackson
(Chair) and Nat Rothschild.

Nat Rothschild, Executive Chairman of Volex, commented:

"I would like to take this opportunity to thank Dean for his valuable
contribution to Volex since 2017, and wish him well for the future.

"I would also like to welcome John to the Board.  John will bring a wealth of
complementary experience to the Board, including a demonstrable ability to
implement strategies within complex organisations to enhance shareholder
value, and I look forward to working with him."

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for
Companies:

John Frederick Wilson, aged 47, holds or has held the following appointments
in the last five years:

 Current appointments  Appointments held within the last five years
 Bulgin Limited        Abbey Place (Fordham) Management Company Limited
 JFW Agritech Ltd      Bulgin Connectors Limited
 Regatta Bidco Ltd     Checkit Europe Limited
 Regatta Midco Ltd     Checkit plc
 Regatta Holdco Ltd    Checkit UK Ltd
 Regatta Topco Ltd     Elektron Eye Technology Limited
                       Elektron IP Limited
                       Elektron Precision Instruments Limited
                       Munro Instruments Limited

There is no other information that is required to be disclosed pursuant to
Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for Companies in respect
of John Wilson.

 

For further information please contact:

 Volex plc                             +44 (0)7971 156 431

 Nat Rothschild, Executive Chairman    investor.relations@volex.com (mailto:investor.relations@volex.com)

 Jon Boaden, Chief Financial Officer

 

 Peel Hunt LLP - Nominated Adviser & Joint Broker      +44 (0)20 7418 8900

 Ed Allsopp

 Tom Ballard

 Ben Harrington

 

 HSBC Bank plc - Joint Broker  +44 (0)20 7991 8888

 Simon Alexander

 Joe Weaving

 

 Powerscourt - Media Enquiries  +44 (0)20 7250 1446

 James White

 

 

About Volex

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for
performance-critical applications and a supplier of power products. We serve a
diverse range of markets and customers, with particular expertise in cable
assemblies, higher-level assemblies, data centre power and connectivity,
electric vehicles, and consumer electricals. We are headquartered in the UK
and operate from 27 manufacturing locations with a global workforce of over
11,500 people across 24 countries. Our products are sold through our own
locally based sales teams and through authorised distributor partners to
Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing
Services ('EMS') companies worldwide. All of the products and services that we
offer are integral to the increasingly complex digital world in which we live,
providing power and connectivity from the most common household items to the
most complex medical equipment. For more information, please visit
www.volex.com (http://www.volex.com)

-ENDS-

 

 

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