Directorate Change

RNS Number : 0185A

Ricardo PLC

28 July 2008

 

Board Changes

Ricardo plc - a market leading engineering, management and automotive consultancy employing over 1700 people worldwide, today announces a number of Board changes.

Mr. Ian Lee has been appointed to the Board as a non-executive director, effective 1st August 2008. Ian has had a long and successful career as a partner with Ernst and Young from whom he retired in 2007. He is currently a Board Director and Chairman of the Audit Committee at Clyde Process Solutions plc and a non-executive member of the NHS Greater Glasgow and Clyde Board. There are no other details regarding Ian Lee that require disclosure under section 9.6.13 (1) to (6) of the Listing Rules.

Ricardo plc also announces today that Professor Ian Percy, having served almost nine years as a non-executive director on the Board, will be retiring from the Board with effect from the conclusion of the Annual General Meeting on 18 November 2008. As a consequence and also with effect from the conclusion of the Annual General Meeting, Michael Harper will be appointed Deputy Chairman and Senior Independent Director, and Ian Lee will be appointed Chairman of the Audit Committee.

Chairman Marcus Beresford said:

'I look forward to welcoming Ian Lee to the Group, his experience and expertise will add great value to the Board and the Group as a whole. On behalf of the Board, I would also like to thank Ian Percy for his very considerable contribution to the Group over more than eight years. His expertise and wise counsel have been very much appreciated.'

Further enquiries:

Ricardo plc
Dave Shemmans, Chief Executive		Tel: [phone]
Geoff Bicknell, Interim Group Finance Director
Website: www.ricardo.com
Gavin Anderson & Company
Fergus Wylie Michael Turner		Tel: [phone]

 

END

 

 

BOAEAFXPADNPEFE