16th May 2007 07:01
Ricardo PLC16 May 2007 Ricardo Plc CHANGE OF DIRECTOR 16 May 2007 Ricardo plc announces today that Jeremy W. Holt will be resigning as a Directorof the Ricardo plc Board and as President of Ricardo, Inc with immediate effect.Dean Harlow has been appointed as President of Ricardo, Inc. and will become amember of the Ricardo Inc. Board. Dean Harlow spent over 20 years with General Motors before running his ownautomotive consultancy business in the last year. His last role at GM wasDirector, Global Planning in GM's Powertrain Group where he initiated and ledGM's first global hybrid program and a transmission cooperation deal with Ford.He has substantial Asia experience having lived in China where he led two majorstrategic initiatives that resulted in GM becoming #1 in the market. Dean earneda degree in Electrical Engineering from GMI (now Kettering University) and anMBA from the University of Michigan. Marcus Beresford, Chairman of Ricardo 'The Board would like to thank Jeremy forhis service and contribution to Ricardo. Dave Shemmans CEO Ricardo plc addedthat while our US business continues to perform to expectations, the Boardbelieves that the next stage of growth will be best implemented under newdirection. The Board has found an excellent replacement in Dean Harlow and looksforward to working with him as we continue to drive our Americas businessforward.' Further enquiries: Ricardo plcDave Shemmans, Chief Executive Officer 01273 455611Paula Bell, Group Finance DirectorWebsite: www.ricardo.com-------------------------- Gavin Anderson & CompanyFergus Wylie/Daniel Hunter 020 7554 1400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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