Business
Trading & Directorate Change
Trading & Directorate Change.
About this update from Rs Group Plc
[{"type":"text","content":"\n Electrocomponents PLC\n14 July 2006\n\n\n Embargoed to 12.30pm 14 July 2006\n\n\n ELECTROCOMPONENTS PLC\n\nElectrocomponents plc, the leading international high service distributor, has\ntoday issued a trading statement and details of Board changes at its Annual\nGeneral Meeting.\n\n\nTrading Update\n\nWe announced our results for the year ended 31 March 2006 on 1 June 2006 and\nprovided a review of current trading as part of that announcement.\n\nDuring the first quarter of the financial year International sales have\nincreased at around 16% and the UK has been flat, giving overall growth for the\nGroup of around 9%, adjusted for trading days and exchange rate movements.\n\n\nChange to Board of Directors\n\nBob Lawson, the Chairman, has announced that he will be retiring from the\nCompany in October and will be handing over to Helmut Mamsch. Helmut will be\nappointed to the Board on 1 September 2006 as Chairman designate and, following\na handover, will take over as Chairman at the October Board meeting.\n\nBob Lawson has made an enormous contribution to the development of EC plc over\nhis 26 years with the business. The Board wishes to express its thanks to Bob\nfor his leadership and contribution throughout this time and wishes him every\nsuccess with his future plans.\n\nHelmut Mamsch is a German national and a UK resident who has operated throughout\nEurope, Asia and the USA. He has significant relevant experience including\noperational responsibility for VEBA's US electronic businesses.\n\nBob Lawson, Chairman, commented: 'Revenues from our international businesses\nare growing strongly and now represent over half of the total. Helmut will\nbring considerable international perspective across a wide range of sectors and\nI am delighted to welcome him to our Board. After such a long association with\nElectrocomponents I am pleased to leave the leadership of the business in such\ngood hands'.\n\n\nBackground on Bob Lawson\n\nBob Lawson has worked for EC plc for 26 years in total. He has been Chairman\nfor the past 5 years and prior to that was CEO for 10 years. Bob joined the\nbusiness in 1977 as Sales Director of RSUK.\n\nAs CEO, Bob led the internationalisation of the Group taking what was\nessentially a UK business and establishing a global footprint of 26 Operating\nCompanies, and the leading position in e-Commerce, th...