Euromoney Institutional InvestorPLC Appointment of Non-executive Director (3048F)
July 12 2019 - 1:00AM
UK Regulatory
TIDMERM
RNS Number : 3048F
Euromoney Institutional InvestorPLC
12 July 2019
EUROMONEY INSTITUTIONAL INVESTOR PLC
Appointment of Non-executive Director
12 July 2019
Tim Pennington appointed to the Board as an additional
Non-executive Director
Euromoney Institutional Investor PLC ("Euromoney"), the global
B2B information business, providing price discovery, essential
market intelligence and events, announces that the Board has
appointed Tim Pennington as an additional independent non-executive
Director of the Company. Mr Pennington will join the Board on 1
September 2019 and will join the Audit & Risk Committee as an
additional committee member from that date.
Further to the announcement of 26 March, it is confirmed that
Jan Babiak will step down as a member of the Audit & Risk
Committee on a date to be determined following the approval of the
2019 financial statements. Ms Babiak agreed to serve as a committee
member on an interim basis in light of her other business
commitments.
Tim Pennington is currently Chief Financial Officer of Millicom
International Cellular, a significant international
telecommunications company listed on the Nasdaq stock exchanges in
both New York and Stockholm. Tim was previously Group Finance
Director and a director of FTSE 100 groups Cable & Wireless plc
and, following its demerger from that company, Cable & Wireless
Communications plc.
His early career was in investment banking where he specialised
in the telecommunications sector with HSBC before joining the
Hutchison Whampoa group, first as the Chief Financial Officer of
Hutchison 3G UK and then Hutchison Telecommunication International,
a leading Asian telecoms group, listed on the Hong Kong and New
York Stock Exchanges.
Commenting on today's announcement Leslie Van de Walle, Chairman
of Euromoney, said: "I am looking forward to welcoming Tim
Pennington to the Board following a rigorous search and selection
process. His considerable career experience as a CFO of globally
listed businesses, with a focus on telecommunications and listed
company governance, will be invaluable to the Board and the Audit
& Risk Committee in particular."
Tim Pennington commented: "I am delighted to be joining the
Board of Euromoney, which stands out as a FTSE group with a
distinguished corporate history and exciting prospects in its
various global markets. I greatly look forward to giving full
support to the Board, and Andrew Rashbass's executive team as they
deliver the Group's strategy into the next decade."
There is no additional information which is required to be
disclosed under Rule 9.6.13 of the Listing Rules of the UK Listing
Authority.
Ends
For further information, please contact:
Euromoney Institutional Investor PLC
Andrew Rashbass, Chief Executive Officer
+44 (0) 20 7779 8300
andrew.rashbass@euromoneyplc.com
Tim Bratton, General Counsel & Company Secretary
+44 (0) 207 779 8288
tim.bratton@euromoneyplc.com
FTI Consulting
Charles Palmer / Jamie Ricketts / Amy Hurnell / Jamille
Smith
+44 (0)20 3727 1000
euromoney@fticonsulting.com
About Euromoney Institutional Investor PLC
Euromoney is a global information business providing essential
B2B information to global and specialist markets. Euromoney
provides price discovery, market intelligence and events across our
segments. Euromoney is listed on the London Stock Exchange and is a
member of the FTSE 250 share index.
LEI number: 213800PZU2RGHMHE2S67
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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