Business
Directorate change,Trading update and outlook
Directorate change,Trading update and outlook.
About this update from Dialight Plc
[{"type":"text","content":"\n \nRNS Number : 2021B Dialight PLC 08 January 2018 \n\n \n \nThe headline for the Dialight plc announcement released on 8 January 2018 at 7:00am under RNS No 1643B should read Directorate change, Trading update and Outlook. \nThe announcement text is unchanged and is reproduced in full below.\n \n \nThis announcement contains inside information for the purposes of article 7 of EU Regulation 596/2014\n \n8 January 2018\nDialight plc\n(\"Dialight\" or the \"Group\")\nDirectorate change \nTrading update and outlook\n \nDIRECTORATE CHANGE\n \nThe Board of Dialight, the world's leading industrial LED lighting technology company, announces today that Michael Sutsko has stepped down as Group Chief Executive and from the Board with immediate effect. Martin (\"Marty\") Rapp been appointed Group Chief Executive on a permanent basis with immediate effect. \n \nMarty joined Dialight as a Non-Executive Director on 26 April 2016. He served as Chief Executive Officer of Laird Technologies, Inc. from 2001 until 2011, having held various management roles, including Managing Director and Executive Director, at Laird plc since joining in 1996. Previously, Marty held engineering, marketing and management positions with Monsanto, a chemical company, from 1981 to 1996, and served as a Non-Executive Director of Cascade Microtech, Inc. from 2014 to 2016 and as a Non-Executive Director of Kionix, Inc., from 2006 to 2009.\n \nDialight's recent product delivery performance is a significant disappointment to the Board. Marty's prior experience is ideally suited to lead the Group through these short-term difficulties and the Board is confident that we will build a robust operational platform for future growth under his leadership.\n \nMarty will step down as a member and Chairman of Dialight's Remuneration Committee and cease to be a member of the Audit and Nomination Committees with immediate effect. Stephen Bird, the Senior Independent Director, will replace Marty as Chairman of the Remuneration Committee with Gaelle Hotellier joining the Remuneration Committee. The Board will commence the search for an additional non-executive director in due course.\n \nTRADING UPDATE AND OUTLOOK\n \nAt this early stage and based on unaudited management information, the Board expects Group re...