Board Change

RNS Number : 5460I

TT electronics PLC

15 March 2010

 



TTG

15 March 2010

TT electronics plc

("TT electronics" or the "Group")

Board Change

TT electronics plc is pleased to announce that Sean Watson has been appointed non-executive Chairman following the Annual General Meeting to be held in May. Sean will succeed John Newman, who today announces his intention to retire as non-executive Chairman and from the Board following the AGM.

Sean Watson is a corporate partner at CMS Cameron McKenna LLP, a major City law firm.  He has been a non-executive Director of TT electronics since November 2007 and his extensive experience of the City and all areas of corporate law has proved valuable to the Group.  Sean was also a non-executive director of Informa plc between 2000 and 2009. 

John Newman was appointed Chief Executive of TT electronics in 1987 following the acquisition of a company in which he was a major shareholder.  After assuming the role of executive Chairman in 1989, John became non-executive Chairman in September 2009. The Board would like to thank John for his huge contribution over many years and wish him well for the future.

John Newman commented,

"After some 25 years' involvement with the Group, and now in my 65^th year, I have decided to retire from the Board.  I am confident that the Group is in good hands and it is my intention to remain a major shareholder for the foreseeable future. Sean has already developed strong relationships with the Board and executive management.  His experienceand knowledge of the business will ensure that the Group continues successfully to deliver on its strategy."

Sean Watson commented:

"I am delighted to have been asked to become Chairman of TT electronics and look forward to dedicating considerable time and effort to leading the Board, working with the executive management and engaging with our shareholders to continue to develop the Group's full potential."

For further information please contact:

TT electronics plc

Geraint Anderson, Chief Executive                                               Tel: [phone]

Biddicks

Zoë Biddick                                                                               Tel: [phone]

 

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