Record PLC Directorate Change (4122R)
01 März 2023 - 8:00AM
UK Regulatory
TIDMREC
RNS Number : 4122R
Record PLC
01 March 2023
LEI Number: 5493000VJ55ZTYGX4322
1 March 2023
RECORD PLC
BOARD CHANGES
Record plc ("Record" or the "Company"), the leading specialist
currency and asset manager, today announces that Neil Record, who
founded Record in 1983, was CEO until 2010 and has subsequently
served as Non-Executive Chairman, will be retiring from his role
and from the Board at the conclusion of the Company's AGM in July
2023.
After a thorough and transparent selection process in line with
the Company's succession plans, the Board is delighted to announce
the appointment of David Morrison as Non-Executive Director and
Chair Elect, effective from 1 March 2023. David will be appointed
as Chair following Neil's retirement.
David is currently Chairman of CPP Group and was a founding
Partner of Palladian Investment Partners. His extensive career,
initially in venture capital, has led to active involvement as a
Director or Chairman of several private and public companies. David
previously served as a Non-Executive Director of Record from 2009,
including as Senior Independent Director from 2016 until 2018. His
experience leading other Boards and his knowledge of Record make
him the ideal candidate. Record has a strong and diverse Board and
this transition will provide continuity of support to the Executive
Team.
Neil Record, Chairman, commented:
"I have devoted almost my entire working life to building Record
to the business it is today. Leaving it will be a huge challenge
for me, but I remain very excited about the Company's future, and
plan to remain a major shareholder. Over my 40-year career at
Record, I have worked with many very talented colleagues whom I
will miss, but I am delighted to welcome David as my successor. I
have the highest confidence in David's ability and skills, and he
brings a wealth of leadership and Chair experience. I know that he
will provide the Board with strong and effective leadership.
"I have every confidence that my Board colleagues will continue
the path of sustained growth and successfully implement our core
strategic priorities of diversification and modernisation. David
will be a great support to our CEO, Leslie Hill, who has been
involved in the succession process and welcomes David's
appointment."
David Morrison commented:
"It is a privilege to be appointed Chair-elect of Record and an
honour to succeed Neil. I am excited to be joining Record at such
an important time for the business. I am looking forward to working
with Leslie, her Executive team and the Board to support the
strategy and the growth of the business."
Krystyna Nowak, Chair of the Nomination Committee,
commented:
"Following an extensive process, the Board is delighted to
appoint David as Chair Elect. David possesses a vast knowledge of
the business and expertise at leading and delivering strategic
growth. On behalf of Record I welcome David to the Board."
-Ends -
For further information, please contact:
Record plc Tel: +44 (0) 1753 852 222
Leslie Hill, Chief Executive
Officer
Steve Cullen, Chief Finance
Officer
Buchanan Tel: +44 (0) 20 7466 5000
Simon Compton record@buchanan.uk.com
Henry Wilson
George Beale
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END
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