TIDMRWS
RNS Number : 8320T
RWS Holdings PLC
27 July 2022
27 July 2022
RWS Holdings plc
Board changes
RWS Holdings plc ("RWS" or "the Group"), a unique world-leading
provider of technology-enabled language, content and intellectual
property services, today announces the appointment of Julie
Southern as Non-Executive Director and Chairman Designate. The
appointment forms part of the Group's succession planning, with the
intention that Julie takes up the role of Non-Executive Chairman in
October 2023, at which time Andrew Brode will become a
Non-Executive Director.
Julie, who will also become a member of the Group's Audit
Committee, brings a wealth of business and governance experience
from her previous executive career and her Non-Executive Director
roles.
Julie is currently a Non-Executive Director and Chair of the
Audit committees at Rentokil Initial, Ocado, NXP Semiconductor and
easyJet, where she is also Senior Independent Director. She will
have served as a Non-Executive Director at Rentokil Initial for a
period of nine years in July 2023. Julie has also previously held
Non-Executive Director positions at DFS Furniture Company and
Cineworld Cinemas, where she chaired the respective Audit
Committees, at Stagecoach where she chaired the Remuneration
Committee and at Gategroup where she chaired the Nomination and
Compensation Committee. Julie's executive career included a number
of senior finance, operations and marketing roles including at
Porsche Cars, as Group Finance Director from 1996, before she
joined Virgin Atlantic in 2000 as CFO with a broad management role,
later becoming its Chief Commercial Officer in 2010.
With world class leadership established across the Group,
following the appointment of Ian El-Mokadem as CEO and the SDL
acquisition, Julie's appointment will further strengthen the
Group's highly experienced Board and provide a high calibre
successor to Andrew Brode as Chairman.
Andrew has indicated his intention to step down from his role as
Chairman with effect from October 2023 at which time he will become
a Non-Executive Director. Andrew remains fully committed to
supporting the Board in driving the business forward and intends to
remain a significant shareholder in the Group.
Lara Boro, Senior Independent Director of RWS, commented:
" We are delighted to welcome Julie to the Board of RWS
following an extensive search process which identified her as the
ideal candidate to enhance the Board, and as Andrew's successor.
Her breadth of experience in executive and non-executive positions
across a range of blue-chip businesses will be of great value to
the Board as the Group capitalises on its unique platform to drive
accelerated, sustainable organic growth, complemented by
acquisitions. Julie's appointment, ahead of Andrew stepping down to
a Non-Executive Director role, will enable a smooth transition of
roles."
Julie Southern, Non-Executive Director and Chairman Designate,
commented:
"I am delighted to be joining RWS as Chairman Designate at such
a key stage of the business' development. RWS has an exceptional
platform combining leading technology and expertise and a very
successful track record of growth. I look forward to working with
the Board to lead such a world-class company and team as it
delivers on its clear strategy for value creation."
Ian El-Mokadem, CEO of RWS, commented:
"I would like to add my warm welcome to Julie as she joins our
Board. Julie brings broad experience from a range of high-quality
customer-focused organisations and I look forward to working with
her to capitalise on the Group's expanded scale, footprint and
capabilities, and strong financial position, to deliver on our
medium-term strategy and five year accelerated growth plan, as set
out at our recent Capital Markets Day."
"We are thankful that Andrew will be remaining with us as
Non-Executive Director, once he steps down from the role as
Chairman, thereby enabling the business and the Board to continue
to benefit from his broad knowledge of our industry, his
entrepreneurial flair and his wise counsel. Andrew's contribution
to RWS's growth has been huge, guiding the business from a c.GBP40m
company, upon its listing in 2003, to a c.GBP1.4bn market
capitalisation today, with leading positions in attractive end
markets."
Directorships
Other than the directorships listed below, there is no further
information required to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules for Companies in relation to Julie
Southern's appointment to the Board.
Julie holds or has held directorships in the five years
preceding her appointment at RWS as follows:
Current appointments:
easyJet plc
NXP Semiconductors NV
Ocado Group plc
Rentokil Initial plc
Shilton Midco 2 Ltd (Safety-Kleen)
Appointments held in past five years:
Cineworld Group plc
DFS Furniture plc
Hilbre UK Ltd
Stagecoach Group plc
For further information, please contact:
RWS Holdings plc
Andrew Brode, Chairman
Ian El-Mokadem, Chief Executive Officer
Rod Day, Interim Chief Financial Officer 01753 480200
MHP (Financial PR advisor) rws@mhpc.com
Katie Hunt / Simon Hockridge 020 3128 8100
Numis (Nomad & Joint Broker)
Stuart Skinner / Kevin Cruickshank / Will Baunton 020 7260 1000
Berenberg (Joint Broker)
Ben Wright / Toby Flaux / Alix Mecklenburg-Solodkoff 020 3207 7800
About RWS:
RWS Holdings plc is a unique, world-leading provider of
technology-enabled language, content and intellectual property
services. Through content transformation and multilingual data
analysis, our unique combination of technology and cultural
expertise helps our clients to grow by ensuring they are understood
anywhere, in any language.
Our purpose is unlocking global understanding. By combining
cultural understanding, client understanding and technical
understanding, our services and technology assist our clients to
acquire and retain customers, deliver engaging user experiences,
maintain compliance and gain actionable insights into their data
and content.
Our clients include 90 of the world's top 100 brands, the top 20
pharmaceutical companies and 19 of the top 20 patent filers. Our
client base spans Europe, Asia Pacific and North and South America.
We work in the automotive, chemical, financial, legal, medical,
pharmaceutical, technology and telecommunications sectors, which we
serve from 80+ global locations across five continents.
Founded in 1958, RWS is headquartered in the UK and publicly
listed on AIM, the London Stock Exchange regulated market
(RWS.L).
For further information, please visit: www.rws.com.
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