Directorate Change
Acal PLC
29 March 2005
FOR IMMEDIATE RELEASE 29 March 2005
ACAL plc
(The leading pan-European value-added distributor providing specialist
design-in, sales and marketing services for international suppliers in the field
of Electronic Components, I.T. Products, I.T. Parts and Industrial Controls)
Retirement of John Curry and
Appointment of Richard Moon as Non-Executive Chairman
As foreshadowed at the time of the announcement of its interim results on 6
December 2004, Acal plc announces the retirement of John Curry as Chairman and a
Director of the Company, and the appointment of Richard Moon as Non-Executive
Chairman with effect from 1 April 2005.
John Curry and Tony Laughton, Chief Executive of Acal, together founded Acal
some 18 years ago.
Richard Moon, who joined the Board of Acal plc as a Non-Executive Director on 1
September 2004 and became Non-Executive Deputy Chairman on 6 December 2004, has
a wealth of experience in the electronics industry with an impressive track
record in Defence, Civil Aerospace, Telecoms, Information Technology and
Services as Managing Director, Chief Executive and Chairman. These roles were
with blue chip companies such as Thorn EMI, Racal, where he was on the main plc
Board, and Thales, where he was Chief Executive of Thales plc and a member of
the Executive Board in Paris. He was also a member of the National Defence
Industry Council during 2001 and a Vice President of the Federation of
Electronics Industry. Since leaving Thales in 2002 he has held a number of
non-executive director or chairman positions in Continental Europe, with IFCO
Systems NV and Netia SA, as well as in the UK with Vivista Holdings Limited,
Securistyle Limited, Oxford Bio-Signals Limited and e-San Limited.
Tony Laughton, Chief Executive of Acal commented:-
"Having worked with John since Acal's beginning, it is with great regret that we
have to say farewell. John's influence on the strategic direction of the Group
is well known, but as important and valuable has been his pragmatism, clear
thinking and judgement. He will be greatly missed."
"We are delighted to welcome Richard Moon in his new role as Non-Executive
Chairman. His knowledge and international experience in the telecoms, aerospace
and other sectors of the electronics industry will be of value to Acal in
developing the Group."
For further information:-
Tony Laughton Chief Executive 01483 544500
Jim Virdee Finance Director 01483 544500
Brian Coleman-Smith 020 7398 3300
Beattie Financial
Notes to Editors:-
1 The Acal Group is a leading European, value-added
distributor providing specialist design-in, sales and marketing services for
international suppliers in the fields of Electronic Components, Information
Technology Products, IT Parts Services and Industrial Controls. Its value-
added philosophy and geographic coverage enables Acal to provide specialist
knowledge and support to customers on a pan-European basis.
2 Design-in is the process by which Acal's sales engineers
work with customers and suppliers to procure components which meet the
specific technical and performance needs of the customers.
3 Acal has operating companies in the UK, Netherlands,
Belgium, Germany, France, Italy, Spain, Scandinavia and the USA.
This information is provided by RNS
The company news service from the London Stock Exchange
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