RNS Number : 9048M
02 June 2010
2 June 2010
CSR plc ("CSR" or "the Company")
The Board of CSR today announces that James Collier, Chief Technical Officer, has given notice of his intention to step down as an Executive Director of the Company with effect from 1 September, 2010, in order to explore start-up opportunities, exploiting alternative technologies. Both CSR and James believe that these opportunities could provide areas for future joint collaboration. James will hand-over his day-to-day responsibilities on 30 June 2010 but will continue as an executive director, providing support in the handover to his successor. As of 1 September 2010, James will be appointed a non-executive director of CSR.
An executive search process will now be undertaken among internal and external candidates.
Joep van Beurden, Chief Executive Officer of CSR, said:
"James' contribution to CSR and to our becoming a world leader in connectivity and location has been formative. We appreciate this and thank him very much for all he has done. We fully understand, however, James' desire to explore new ventures and we wish him every success, knowing also that we will continue to benefit from his expertise on our Board and potentially as partner in what he next chooses to create."
James Collier said:
"It is immensely satisfying to have helped CSR grow from just an idea to a global leader, and I have enjoyed every minute of it. Looking ahead, I want to explore new ideas and, given the well-established strengths and potential of CSR, I feel able to do so. At the same time, I don't want to lose touch with the business I've helped create. I'm delighted, therefore, to be able to continue to contribute to CSR as a non-executive director - and to seeing if the new venture I develop is one that CSR might participate in."
Joep van Beurden, Chief Executive Officer
Will Gardiner, Chief Financial Officer Tel: +44 (0) 1223 692000
Haya Herbert-Burns Tel: +44 (0)20 7831 3113
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