Clarkson PLC Directorate Change (1403Q)
October 16 2019 - 11:08AM
UK Regulatory
TIDMCKN
RNS Number : 1403Q
Clarkson PLC
16 October 2019
16 October 2019
Clarkson PLC
("Clarksons" or "the Company")
Directorate Change
The Board of Clarkson PLC today announces with great sadness
that, following a long illness, James Hughes-Hallett CMG,
independent Non-Executive Director and former Chair of the Company,
passed away on Saturday 12(th) October 2019.
James joined the Board in August 2014 and served as Chair from
January 2015 until March 2018 when, due to illness, he relinquished
this role but continued his duties as a Non-Executive Director and
member of the Audit, Nomination and Remuneration Committees.
James' executive career spanned 40 years with the conglomerate
Swire Group, serving as Group Chairman in London for his last ten
years. Prior to that, he served as Chairman of Swire Pacific
Limited and Cathay Pacific Airways Limited. He also served as
Managing Director and Chairman of the China Navigation Company and
Chairman of Swire Pacific Offshore, United States Cold Storage
Inc., and the Hong Kong Shipowners Association. His extensive
expertise in maritime and global trade was invaluable to Clarksons'
strategy, and during his chairmanship he oversaw many developments
including completion of the acquisition of RS Platou and the
integration of the businesses.
Bill Thomas, Chair, commented, "The Board will remember James
for his great leadership and passion. Even whilst suffering from
his illness, James remained dedicated to Clarksons, continuing to
serve on the Board as a Non-Executive Director and Committee
member, and we remain indebted for the invaluable guidance he
provided."
Andi Case, Chief Executive Officer, added, "James leaves behind
a great legacy in our Company. His stewardship and advice to me
personally was a great support, and I feel extremely privileged to
have acted as Chief Executive Officer during his tenure. He will be
greatly missed by all at Clarksons, as well as throughout the wider
shipping industry. Our thoughts are with his family at this sad
time."
For further details please contact:
Company enquiries:
Rachel Spencer
Company Secretary
Tel: +44(0)20 7334 3476
Camarco:
Billy Clegg
Jennifer Renwick
Tel: +44(0)20 3757 4983 / 4994
About Clarkson PLC
Clarkson PLC is the world's leading provider of integrated
services and investment banking capabilities to the shipping and
offshore markets, facilitating global trade.
Founded in 1852, Clarksons offers its diverse and growing client
base an unrivalled range of shipbroking services, sector research,
on-hand logistical support and full investment banking capabilities
in all key shipping and offshore sectors.
The Company has delivered 16 years of consecutive dividend
growth. The highly cash generative nature of the business,
supported by a strong balance sheet, has enabled Clarksons to
continue to invest to position the business to capitalise on the
upturn in its markets.
Clarksons is listed on the main market of the London Stock
Exchange under the ticker CKN and is a member of the FTSE 250
Index.
For more information, visit www.clarksons.com.
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END
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