discoverIE Group plc Directorate Change (5799C)
January 23 2018 - 1:00AM
UK Regulatory
TIDMDSCV
RNS Number : 5799C
discoverIE Group plc
23 January 2018
23 January 2018
discoverIE Group plc
Appointment of Non-Executive Director
The Board of discoverIE Group plc ('discoverIE' or 'the Group'),
a leading international designer, manufacturer and supplier of
customised electronics to industry, is pleased to announce the
appointment of Bruce Thompson as a Non-Executive Director with
effect from 26 February 2018.
Bruce is soon to retire as Chief Executive Officer of Diploma
PLC ('Diploma'), the FTSE 250 specialised technical products and
services business, having joined their board in 1994 and been
appointed Chief Executive Officer in 1996. Since that time, Bruce
has led the transformation of Diploma, initially restructuring and
thereafter growing the business, both organically and through
targeted acquisition, into a market-leading, international business
operating across Europe, North America and Australasia.
Prior to joining Diploma, Bruce was a director with the
technology and management consulting firm Arthur D Little Inc.,
both in the UK and the USA.
Malcolm Diamond, Chairman, commented: "We are delighted to
welcome Bruce to discoverIE where his wealth of experience and
impressive track record of building a high quality international
business will be of great value as we grow discoverIE into a global
electronics business."
Bruce Thompson, incoming Non-Executive Director, commented:
"With a clear strategy and an ambitious management team, this is an
exciting time to join discoverIE. I look forward to working with
the Board and Executive Team to help realise discoverIE's
potential."
There is no further information required to be disclosed
pursuant to Listing Rule 9.6.13 R.
For further information please contact:
discoverIE Group plc 01483 544 500
Nick Jefferies Group Chief Executive
Simon Gibbins Group Finance Director
Instinctif Partners 020 7457 2020
Helen Tarbet
James Gray
Notes to Editors:
About discoverIE Group plc
discoverIE (LSE: DSCV) is an international group of businesses
that designs, manufactures and supplies innovative components for
electronic applications. With effect from 28 November, the Company
name changed from Acal plc (LSE: ACL).
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. With in-house
engineering capability, we design components to meet customer
requirements, which are then manufactured and supplied, usually on
a repeating basis, for their ongoing production needs. This
generates a high level of recurring revenue and long term customer
relationships.
By focussing on key markets which are driven by structural
growth and increasing electronic content, namely renewable energy,
transportation, medical and industrial connectivity, the Group aims
to achieve organic growth that is well ahead of GDP and to
supplement that with targeted complementary acquisitions.
The Group employs c.3,800 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE Small Cap Index, classified
within the Electrical Components and Equipment subsector, and has
revenue of c. GBP400m. Over the last five years, revenue and
underlying earnings per share have doubled.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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