4th Sep 2012 07:00
PREMIER FARNELL PLC DIRECTORATE CHANGE
Premier Farnell plc (the "Company"), the leading distributor of products and services to engineers and purchasing professionals globally, announces that Nicholas Cadbury is leaving the Company and that he will be succeeded as Chief Financial Officer by Mark Whiteling. The date of Mr Cadbury's departure and Mr Whiteling's appointment will be announced in due course.
Nicholas is joining Whitbread PLC as its Group Finance Director and will step down from the Board and leave the Company following a transition period. The Board wish him every success in his new role and thank him for his contribution during his time with the Company.
The Board are delighted that Mark has agreed to re-join the Company, having previously spent 5 years as Chief Financial Officer in the period to August 2011. Mark had a key role in developing the Company's current strategy and worked closely with CEO Laurence Bain in its implementation. Mark will have an expanded role that will include responsibility for the Company's IT function.
Laurence Bain, CEO said "I would like to thank Nicholas for his contribution during his time with us and I am very pleased that Mark has agreed to re-join us. Mark's considerable knowledge of the industry in which we operate, the business and its people will allow a seamless transition. I also know that Mark and I will work well together as part of the wider leadership team as we continue our focus on implementing the Company's clear strategy."
Mr Whiteling was a director of the Company until 1 August 2011 and is currentlya non-executive director of Future plc. There is no other information inrespect of Mr Whiteling that is required to be disclosed pursuant to ListingRule 9.6.13. END Contact Details: Laurence Bain Chief Executive Officer Premier Farnell plc [email protected] T: 020 7851 4102 Andrew Lorenz Chairman FTI Consulting
T: 020 7269 7291 M: 07775 641 807 Val GoodingChairmanPremier Farnell [email protected]: 020 7851 4125
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