Meggitt PLC Directorate Change (0410B)
September 18 2018 - 1:02AM
UK Regulatory
TIDMMGGT
RNS Number : 0410B
Meggitt PLC
18 September 2018
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of Meggitt is Marina Thomas, Company Secretary.
Meggitt PLC
Louisa Burdett to succeed Doug Webb as Chief Financial Officer
of Meggitt
Meggitt PLC (the "Company") announces that Louisa Burdett will
join the Company as Chief Financial Officer-designate on 22 October
2018; she will succeed Doug Webb as Chief Financial Officer ("CFO")
and join the Board as an Executive Director on 1 January 2019.
Doug will be retiring as CFO and Executive Director on 31
December 2018. Louisa will work with Doug until the end of 2018 to
ensure an effective transition.
Louisa, a qualified accountant, was Group Finance Director of
Victrex plc from January 2014 until April 2018. Prior to that, she
was Chief Financial Officer at Optos plc and the Financial Times
Group and held senior finance positions at Brambles Ltd, GE
Healthcare and GlaxoSmithKline plc. Louisa is a Non-Executive
Director and Chair of the Audit Committee of Electrocomponents plc,
a FTSE 250 global multi-channel distributor of industrial and
electronics products.
Sir Nigel Rudd, Chairman of Meggitt, said "I would like to
welcome Louisa to Meggitt. The Board understands the importance of
succession planning and are pleased to ensure an orderly handover
as we look to execute on our ambitious strategy. We thank Doug for
his significant contribution to Meggitt over the last five years
and wish him well for his retirement."
Tony Wood, CEO of Meggitt said "I am delighted Louisa will be
joining the Meggitt leadership team. She brings significant
relevant financial and commercial experience to the role and I look
forward to working with her. I would also like to thank Doug for
the outstanding financial leadership he has provided the Group and
for the day-to-day support he has provided me as CEO."
Doug Webb said "It has been a privilege and a pleasure to play a
part in the evolution of Meggitt over the last five years. The
Company is very well positioned for the future and I wish the team
every success."
Enquiries:
Tony Wood, Chief Executive
Doug Webb, Chief Financial Officer
Adrian Bunn, Vice President, Strategy & Investor
Relations
Meggitt PLC
Tel: +44 1202 597597
Deborah Scott, Senior Managing Director
Nick Hasell, Managing Director
FTI Consulting
Tel: +44 203 727 1340
Note to Editors:
1. Louisa Burdett will become an employee from 22 October 2018
and an Executive Director from 1 January 2019, her remuneration
will be within the parameters of our current shareholder approved
Remuneration Policy. The required disclosures on remuneration will
be made in the 2018 and 2019 Directors' Remuneration Reports.
2. Doug Webb will retire on 31 December 2018 and his
remuneration will be within the parameters of our current
shareholder approved Remuneration Policy for retiring directors.
The information required under the Companies Act s430 (2B) is
available on our website.
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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