TIDMDWF
RNS Number : 6821U
DWF Group PLC
31 July 2020
DWF Group plc
("DWF" or "the Company")
LEI: 213800O9QREOHTOGQ266
31 July 2020
Appointment of New Chairman and Deputy Chairman
DWF, the global legal business, is pleased to announce that,
following a thorough recruitment process, Jonathan Bloomer will
join the Board as Chairman with effect from 1 August 2020. When Sir
Nigel Knowles became CEO and the Board commenced the process to
find a new Chairman, Chris Sullivan stepped up as Interim Chairman.
Chris will now take the role of Deputy Chairman, also from 1 August
2020. Chris will continue to act as Senior Independent
Director.
Jonathan Bloomer is Chairman of Morgan Stanley International,
Arrow Global Group Plc and SDL Group Limited. He has previously
held a number of board positions including Chairman of the JLT
Employee Benefits Group, Senior Independent Director of Hargreaves
Lansdowne Plc, Non-Executive Director of Railtrack Plc and Director
of Egg Plc. From 2006-2012, Mr Bloomer was European Partner at
Cerberus Capital. Between 2000 and 2005, he was Group Chief
Executive Officer of Prudential Group plc, having previously served
as Deputy Group Chief Executive Officer and Group Finance Director.
Prior to his time at Prudential, Mr Bloomer held senior roles at
Arthur Andersen. Jonathan is a Fellow of the Institute of Chartered
Accountants in England and Wales.
Tea Colaianni, who chaired the Nomination Committee for the
recruitment process, commented:
"I am delighted that Jonathan has been appointed as our new
Chairman. With his wealth of experience as a Chairman and
non-executive director, he brings in-depth knowledge of
spearheading businesses and driving change."
Jonathan Bloomer, incoming Chairman, commented:
"I am pleased to take on the role of Chairman of DWF, the only
Main Market listed global legal business, at this exciting stage of
the Company's development. I look forward to working with the Board
and the refreshed management team implementing the very clear
strategy set out by Sir Nigel aimed at taking DWF forward to a new
phase of sustainable and profitable growth."
Sir Nigel Knowles, CEO of DWF, said:
"Jonathan joins the Board at an important time so his seniority
and extensive experience in both executive and non-executive roles
across a wide range of businesses will be extremely welcome. I am
also extremely happy that Chris will become the new Deputy
Chairman. Chris will continue to play a pivotal role in listening
to and engaging with DWF partners globally and helping to ensure
that we maintain strong and effective lines of communication
between the partners and the Board. We look forward to continuing
to work with Chris and welcoming Jonathan on board as we continue
to build on our leading position as a provider of Complex, Managed
and Connected services ."
ENDS
For further information:
DWF Group plc
Mollie Stoker, Company Secretary +44 (0)7971 783533
James Igoe - Head of Communications
Finsbury (PR advisers to DWF)
Ed Simpkins +44 (0)20 7251 3801
Charles O'Brien
Notes
About DWF
DWF is a global legal business providing Complex, Managed and
Connected Services, operating from 33 key locations with
approximately 4,200 people. The Company became the first Main
Market Premium Listed legal business on the London Stock Exchange
in March 2019. For more information visit: dwfgroup.com
Jonathan Bloomer's terms on appointment:
The appointment of Jonathan Bloomer has been made by the Board
on the recommendation of the Nomination Committee. The Board has
determined that Jonathan Bloomer is an independent Non-Executive
Chairman on appointment in accordance with the UK Corporate
Governance Code.
In addition to being Chairman, Jonathan Bloomer will also Chair
the Company's Nomination Committee and be a member of the Company's
Remuneration Committee from 1 August 2020. The Company's
Remuneration Committee determined that his total annual fee will be
GBP170,000 for all these roles.
Jonathan Bloomer is appointed for an initial term of three years
commencing on 1 August 2020 until the conclusion of the Company's
annual general meeting occurring approximately three years from
that date, unless terminated earlier by either party giving to the
other three month's prior written notice. Jonathan Bloomer's Letter
of Appointment may be viewed by contacting the Company Secretary at
the Company's registered office.
There are no additional matters that would require disclosure
under LR 9.6.13 R (1) to (6) in respect of Jonathan Bloomer.
Chris Sullivan's terms on appointment:
The appointment of Chris Sullivan as Deputy Chairman has been
made by the Board on the recommendation of the Nomination
Committee.
Chris Sullivan continues as an independent Non-Executive
Director and Senior Independent Director of the Company. In his
role as Deputy Chairman, in addition to acting as Chairman in the
absence of the Chairman, Chris will be the Non-Executive Director
representing the employee voice on the Board and act as the bridge
between the partners in the group and the Board. Chris will
continue to be a member of the Nomination, Risk, Remuneration and
Audit Committees of the Company. The Company's Remuneration
Committee determined that Chris Sullivan will receive an annual fee
of GBP20,000 for his role as Deputy Chairman. This will be in
addition to his existing non-executive director fees of GBP65,000
and Senior Independent Director fees of GBP10,000. Chris Sullivan
owns, or is interested in, 409,836 shares in the Company.
Chris' appointment as Deputy Chairman is for the same tenure as
his other positions being an initial period until the conclusion of
the Company's annual general meeting occurring approximately three
years from the date of Admission, unless terminated earlier by
either party giving to the other one month's prior written notice.
Chris Sullivan's Letters of Appointment may be viewed by contacting
the Company Secretary at the Company's registered office.
Chris Sullivan is a Non-Executive Director of Alfa Financial
Software Holdings PLC.
There are no additional matters that would require disclosure
under LR 9.6.13 R (1) to (6) in respect of Chris Sullivan.
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END
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