LEI: 213800HBLQNH5FXXGE63
20 October 2023
Volex plc
Directorate Changes
Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, announces the following changes to its Board.
Appointment of non-executive Director
John Wilson has been appointed to the Board, as an independent non-executive Director, with effect from 19 October 2023. John is a globally experienced Boardroom Director, with a strong background in the technology, components and connectivity solutions sectors. He is currently CEO of Bulgin Limited, a global leading manufacturer of sealed connectors and components, and was formerly Senior Independent Director, Chair of the Audit Committee and Chair of the Remuneration Committee of Checkit plc (previously Elektron Technology plc). John has a degree in Engineering from the University of Durham.
Director Resignation
Dean Moore, senior non-executive Director, has notified the Board of his decision to resign with immediate effect, in order to pursue other business interests.
Committee Changes
Sir Peter Westmacott has been appointed as Senior Independent Director, and Jeffrey Jackson has been appointed as a member of the Nominations Committee, both with immediate effect. Following his appointment, John Wilson will assume the role of Chair of the Audit Committee.
The composition of the committees of the Board is now as follows:
· Audit Committee: John Wilson (Chair) and Amelia Murillo.
· Remuneration Committee: Amelia Murillo (Chair) and Jeffrey Jackson.
· Nominations Committee: Sir Peter Westmacott (Chair), Nat Rothschild and Jeffrey Jackson.
· Safety, Environmental & Sustainability Committee: Jeffrey Jackson (Chair) and Nat Rothschild.
Nat Rothschild, Executive Chairman of Volex, commented:
"I would like to take this opportunity to thank Dean for his valuable contribution to Volex since 2017, and wish him well for the future.
"I would also like to welcome John to the Board. John will bring a wealth of complementary experience to the Board, including a demonstrable ability to implement strategies within complex organisations to enhance shareholder value, and I look forward to working with him."
Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies:
John Frederick Wilson, aged 47, holds or has held the following appointments in the last five years:
Current appointments | Appointments held within the last five years |
Bulgin Limited | Abbey Place (Fordham) Management Company Limited |
JFW Agritech Ltd | Bulgin Connectors Limited |
Regatta Bidco Ltd | Checkit Europe Limited |
Regatta Midco Ltd | Checkit plc |
Regatta Holdco Ltd | Checkit UK Ltd |
Regatta Topco Ltd | Elektron Eye Technology Limited |
| Elektron IP Limited |
| Elektron Precision Instruments Limited |
| Munro Instruments Limited |
There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for Companies in respect of John Wilson.
For further information please contact:
Volex plc Nat Rothschild, Executive Chairman Jon Boaden, Chief Financial Officer | +44 (0)7971 156 431 |
Peel Hunt LLP - Nominated Adviser & Joint Broker Ed Allsopp Tom Ballard Ben Harrington | +44 (0)20 7418 8900
|
HSBC Bank plc - Joint Broker Simon Alexander Joe Weaving | +44 (0)20 7991 8888 |
Powerscourt - Media Enquiries James White
| +44 (0)20 7250 1446 |
About Volex
Volex plc (AIM: VLX) is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data centre power and connectivity, electric vehicles, and consumer electricals. We are headquartered in the UK and operate from 27 manufacturing locations with a global workforce of over 11,500 people across 24 countries. Our products are sold through our own locally based sales teams and through authorised distributor partners to Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing Services ('EMS') companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment. For more information, please visit www.volex.com
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