ITE Group PLC Directorate Change (9132K)
July 13 2017 - 1:01AM
UK Regulatory
TIDMITE
RNS Number : 9132K
ITE Group PLC
13 July 2017
13 July 2017
ITE Group plc
("ITE" or "the Company")
Directorate Change
ITE Group plc announces that Marco Sodi, the Company's Chairman,
has informed the Company of his intention to step down from its
Board following the end of the current financial year due to his
increasing business commitments elsewhere. Mr Sodi will retire as
Chairman with immediate effect and from the Board on the 11 October
2017.
During the search for Mr Sodi's successor Neil England, an
existing Non-executive Director of the Company, will be Chairman.
As Mr England is already a Non-executive Director of the Company,
there are no additional disclosures required under Listing Rules
9.6.13 R (1) to (6) in relation to his appointment.
Marco Sodi, said:
"The Company has recently announced its new strategy and, as my
other business commitments are taking an increasing amount of my
time, I think that this is the right time for me to step down from
the Board. I have enjoyed working with everyone at ITE, and wish
the Company the very best of success for the future."
Mark Shashoua, Chief Executive Officer, said:
"Marco has provided invaluable support to me and the Management
Team through the design and launch of ITE's new strategy. We wish
him well for the future."
Neil England, said:
"On behalf of the Board I would like to thank Marco for his
significant contribution to ITE over the last five years. As we
enter the implementation stage of our recently announced strategy
we will seek to bring new skills to the Board, including the
recruitment of a new Chairman."
Contact:
FTI Consulting
Charles Palmer/Emma Appleton
+44 (0) 3727 1000
ITE Group plc
Anneka Kingan, Group Company Secretary
+44 (0) 20 7596 5139
This information is provided by RNS
The company news service from the London Stock Exchange
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