18th Feb 2005 09:00
Ricardo PLC18 February 2005 18 February 2005 Ricardo plc Board Appointment and CEO Succession Ricardo plc, a leading independent automotive consultancy, is pleased toannounce the appointment of Dave Shemmans to the Board as Chief ExecutiveOfficer, Designate and Managing Director International Operations with immediateeffect. Dave Shemmans, 39, has been with Ricardo for six years. He joined in 1999 asbusiness development manager for Ricardo Consulting Engineers ("RCE") and in2002 became Group business development director. In December 2003 he wasappointed Managing Director of RCE. As business development director he wasdirectly responsible for winning some major programmes and, more recently asManaging Director, has brought significant change, development and improvementto the engines business, the core of Ricardo's activity. Dave is an electronics engineer by profession and prior to joining Ricardogained significant consulting and management experience in both listed andprivate companies. In order to ensure a smooth handover, he will work closely with Rodney Westheadover the coming months and will take specific responsibility for the preparationof next years operating plan. He will assume the role of CEO when Rodney retiresat the completion of the AGM in November. There are no details regarding Mr. Shemmans that require disclosure undersection 6. F. 2 (b) to (g) referred to in paragraph 16.4 of the Listing Rules. Marcus Beresford, Chairman of Ricardo, said: "Rodney Westhead has made an outstanding contribution to Ricardo and the Group'sdevelopment over the past 13 years. We are pleased that Dave has agreed tosucceed Rodney and work with him until he retires at the AGM this November. Hisdirect industry experience and knowledge of Ricardo make him an excellentsuccessor and we welcome him to the board. " Enquiries: Ricardo plc Tel: 01273 455611Marcus Beresford, Chairmanwww.ricardo.com Gavin Anderson & Company Tel: 020 7554 1400Laura Hickman/Charlotte Stone This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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