Business
Appointment of new Chairman
Appointment of new Chairman.
About this update from Dialight Plc
[{"type":"text","content":"\n \nRNS Number : 8214H Dialight PLC 05 August 2019 \n\nThis announcement contains inside information for the purposes of article 7 of EU Regulation 596/2014\n \nDialight plc \n(\"Dialight\" or \"the Group\")\n \nAppointment of new Chairman\n \nDialight plc (LSE: DIA.L), the global leader in LED lighting for heavy industrial applications, today announces a change in Chairman.\n \nWayne Edmunds has indicated to the Board that now is an appropriate time for him to step down as Chairman of the Board. The Board has accepted his decision and wishes to place on record its thanks for his contribution to Dialight.\n \nThe Board has asked David Blood, non-executive director, to take on the position of Chairman of the Board and he has accepted with immediate effect. The Board believes that David is well placed to do so given his knowledge of Dialight, its operations and people. David is co-founder and Senior Partner of Generation Investment Management, a 20.1% shareholder in Dialight, and is therefore not considered \"independent\" under the UK Corporate Governance Code. However, the Board continues to consider David independent in character and judgement.\n \nDavid Blood commented: \"The Board's focus remains on supporting management to further improve the Group's operational performance, ensure successful new product launches and rebuild customer relationships. Dialight has significant potential that should be realised for the benefit of customers, employees, shareholders and other stakeholders.\"\n \nWayne Edmunds commented: \"The Company has experienced a challenging few years. However, it is now well positioned for the future, and I feel it is an appropriate time to step down from the Board. I wish Dialight well and look forward to it achieving its potential.\"\n \nContacts: \nDialight Plc\nTel: +44 (0)203 058 3542\nMarty Rapp - Group Chief Executive up to 9 August 2019\nTel: +44 (0)203 058 3542 \nFariyal Khanbabi - Group Finance Director, Interim CEO from 9 August 2019 \nMHP Communications\nTel: +44 (0)20 3128 8570\nTim Rowntree, Guy Featherstone, Pete Lambie\n \nAbout Dialight:\nDialight (LSE: DIA.L) is a global leader in sustainable LED lighting for industrial appl...