Melrose Industries PLC Appointment of Director (2566K)
July 06 2017 - 1:00AM
UK Regulatory
TIDMMRO
RNS Number : 2566K
Melrose Industries PLC
06 July 2017
Appointment of Director
The Company is pleased to announce the appointment of Archie
Kane to its Board as an independent non-executive Director with
effect from Wednesday 5 July 2017. Mr Kane has also been appointed
as a member of the Audit Committee, the Remuneration Committee and
the Nominations Committee of the Company.
Mr Kane began his career as a chartered Accountant at Mann Judd.
After a move into the financial services sector as Group Financial
Controller of the TSB subsidiary United Dominions Trust, Mr Kane
became Group Strategy Director responsible for strategic planning
for all Group businesses, mergers and acquisitions, disposals and
long term business research. He was central to TSB's takeover deal
with new parent Lloyds Bank and oversaw the merger of the two
banks, one of the biggest corporate transactions of its time. Mr
Kane continued to serve in senior roles for Lloyds Bank, including
Retail Financial Services Director and Group Director for IT &
Operations before being appointed Group Executive Director
Insurance Investments and Chief Executive Officer for the former
mutual Scottish Widows in 2003, previously acquired by Lloyds TSB.
In 2009 he moved to become Group Executive Director for all the
Groups Insurance Businesses and for Scotland, until his retirement
in May 2011. Mr Kane continues to work as a non-executive Governor
of the Board of Bank of Ireland.
Christopher Miller, Chairman of the Company, said,
"We are delighted to welcome Archie to the Board and consider
him a high-quality addition to our already strong group of
independent non-executive directors. We look forward to benefiting
from his wealth of experience and believe that he will make a
significant contribution to Melrose as we strive to deliver further
value for our shareholders."
There is no additional information required to be disclosed
pursuant to Listing Rule 9.6.13 in relation to the appointment of
Mr. Kane to the Board of the Company.
Enquiries:
Montfort Communications:
Nick Miles/Charlotte McMullen: +44 (0) 20 3514 0897
This information is provided by RNS
The company news service from the London Stock Exchange
END
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