26 September 2011, London, UK
Intertek announces new Chairman
Intertek Group plc (Intertek) announces that David Reid will be appointed as Chairman of the Board of Intertek when the current Chairman, Vanni Treves, retires on 1 January 2012 after 10 years in the post.
David Reid, who is currently Chairman at Tesco Plc, will join the Board as a Non-Executive Director with effect from 1 December 2011.
Upon joining Intertek's Board, David will chair the Nomination Committee.
Vanni Treves, Chairman of Intertek, commented:
"I am delighted to announce that David will join the Intertek Board and succeed me as Chairman in the New Year. David brings substantial board and wide-ranging business experience to Intertek from an impressive executive and non-executive career covering a number of large international organisations and highly successful businesses."
"I am honoured to have served as Intertek Chairman for the past 10 years, and to have been part of the impressive growth and development of Intertek and I look forward to admiring the Company's future success in the years ahead."
David Reid said:
"I am absolutely delighted to be joining the Board and working with the Intertek team to continue to build the growth and success of the business."
Wolfhart Hauser, Intertek Chief Executive said:
"I would like to welcome David Reid to Intertek and to thank Vanni Treves for the significant contribution he has made to Intertek's development and growth during his tenure with our Board. We will miss his wise counsel and experience and wish him every success and enjoyment for the future".
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Notes to Editors
1. David Reid
David Reid, 64, is the Senior Independent Non-Executive Director of Reed Elsevier PLC. He will retire from his role at Tesco in November 2011. He was formerly Chairman of Kwik-Fit Group Ltd, Non-Executive Director at Greenalls Group plc (now De Vere Group), Legal & General Group Plc and Westbury plc.
David Reid started his career as an accountant, joining KPMG as an auditor in 1970. He held senior roles in auditing, financial analysis and was divisional chief accountant at Philips Electronics from 1973 until 1979. He joined British American Tobacco as Group Financial Controller of its retail division and later was Finance Director of International Stores Ltd.
He joined the Board of Tesco Plc in 1985 and was Finance Director from 1985 to 1997, when he led finance, distribution and IT. From 1996 to 2003 he was Executive Deputy Chairman responsible for international operations, business development and strategic planning, leading the start up and development of the Group's business in Central Europe, lreland and Asia. After the end of a successful career as a Tesco executive, he became Chairman in March 2004.
David has held a number of charitable and public roles including the Presidency of the Institute of Grocery Distribution and of the Royal Highland Show. He is currently Chairman of the Whizz-Kidz charity, a strategic adviser to Restless Development (previously Students Partnership Worldwide), a member of the Africa Progress Panel and of the FTSE 100 Mentoring Panel for women. He is Chairman of the Seoul International Business Advisory Council and in November 2010 was appointed one of Prime Minister David Cameron's Business Ambassadors.
David was born in Zambia, is a Scottish Chartered Accountant and holds honorary degrees at Aberdeen and Robert Gordon Universities. He lives in Essex with his wife Prue.
2. Vanni Treves
Vanni Treves, 70, is a corporate lawyer and was a Partner of a major London firm of Solicitors, Macfarlanes, for 30 years, (during twelve of which he was Senior Partner). He has been Chairman of three listed companies, Channel Four Television, London Business School and Equitable Life Assurance Society. He is currently Chairman of the National College for Leadership and of Korn Ferry/Whitehead Mann, a Director of Amplifon S.p.A. (an Italian public company) and a Trustee of the J Paul Getty Jr Charitable Trust.
3. Other information
Under paragraph LR 9.6.13 R of the UK Listing Rules, the Company is not required to make any further disclosures in respect of David Reid.
Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world. From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace. Intertek has the expertise, resources and global reach to support its customers through its network of more than 1,000 laboratories and offices and over 30,000 people in more than 100 countries around the world.
Intertek Group plc (LSE: ITRK) is listed on the London Stock Exchange and is a constituent of the FTSE 100 index.