Business
Directorate Change
Directorate Change.
About this update from Record Plc
[{"type":"text","content":"\n\n \nThe information contained within this announcement constituteS inside information as defined by the Market Abuse Regulations (EU) No. 596/2014, which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018 (\"UK MAR\"). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n25 June 2024\n \nRECORD PLC\n \nBoard Changes\n \nRecord plc (\"Record\", the \"Company\" or the \"Group\"), the specialist currency and asset manager, announces the following changes to its board of directors (the ''Board'').\n \n \nResignation of Tim Edwards\nHaving completed his second three-year term, Tim Ewards has decided not to continue for a third term, in order to focus on his activities in the biotechnology sector and will be stepping down from the Board and his role as Senior Independent Director, effective today.\nKrystyna Nowak will become Senior Independent Director and Chair of the Remuneration Committee.\nTim Edwards, outgoing Senior Independent Director said: \"It is pleasing to see the company's Succession Plan now in place and I send best wishes to Jan, Richard and Kevin, and my Board colleagues, for the next chapter in the development of the new opportunities for this business.\"\nAppointment of New Non-Executive Director\nDr. Othman Boukrami will join the Board with effect from 1 July 2024 and will also become a member of the Audit, Remuneration and Nomination Committees. Othman is currently Chief Investment Officer of TCX, The Currency Exchange Fund, having earlier in his career held senior positions in the African Development Group and Citibank. Othman brings highly pertinent sector expertise to the Board.\nAppointment of Kevin Ayles\nKevin Ayles will join the Board with effect from 1 July 2024. Kevin has been a valuable member of the senior leadership team since joining Record in 2007 and currently serves as Group Head of HR, Director of Record Currency Management Limited, and as Company Secretary of Record plc. Kevin possesses extensive knowledge of the business and its key stakeholders and his involvement in major strategic initiatives makes it a natural next step for him to join the Board and continue contributing to the organisation's success.\nDavid Morris...