8th Oct 2019 08:20
(Alliance News) - Diploma PLC said Tuesday that Finance Director Nigel Lingwood will step down from his role, with effect in 12 months time.
For the next 12 months, Lingwood will remain with the FTSE 250 technical products supplier to allow the search for a successor to be completed and ensure a smooth handover of responsibilities.
Lingwood has been in his role at Diploma for 18 years since 2001. Prior to that he was group financial controller at food and distribution group Unigate PLC.
"Nigel has been an outstanding member of the leadership team of Diploma and has embedded a culture of strong controls and attention to detail. This has underpinned the success of the group over many years. Throughout my years as chair, I have greatly valued his counsel and broad contributions to the board," said Chair John Nicolas.
Shares in Diploma were up 0.3% at 1,671.00 pence on Tuesday in London.
By Dayo Laniyan; [email protected]
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