28 October 2024
Videndum
plc
Directorate
changes
The Board of Videndum ("the Company"
or "the Group"), the international provider of premium branded
hardware products and software solutions to the growing content
creation market, announces the following changes to the Group's
executive team.
Stephen Harris has been appointed to
the position of Executive Chairman, with Sean Glithero joining as
Group Chief Financial Officer. They will assume their respective
new responsibilities with immediate effect. A search for the
position of Group Chief Executive has commenced.
The Board also announces that
Stephen Bird is stepping down as the Group Chief Executive Officer
and as a member of the Board with immediate effect. The Board would
like to thank Stephen for his contribution to the Group since he
joined in 2009.
Andrea Rigamonti has stepped off the
Board, but will remain with the Company, assuming his prior
position of Deputy Group Finance Director, which he held from
October 2021 to December 2022 before joining the Board as Group
Chief Financial Officer.
Stephen Harris most recently led
FTSE250 Bodycote plc for over 15 years as its CEO. Over his tenure,
Stephen oversaw strong growth, international expansion and
operational improvements, creating significant value for the
business. Stephen joined Videndum as a NED in November 2023 and was
appointed Chairman in May 2024. Stephen also has significant
non-executive experience, including as Senior Independent Director
at Mondi plc and as a NED at Brixton plc.
Sean Glithero joins as a highly
experienced Chief Financial Officer, bringing with him a wealth of
financial and commercial leadership. Sean has previously been CFO
at Auto Trader Group plc, Funding Circle Holdings plc,
Matchesfashion and, most recently, at ASOS plc. He started his
career at Ernst & Young where he qualified as a chartered
accountant.
The Board is committed to the
creation of shareholder, and wider stakeholder, value. As such, the
Company will immediately commence a strategic review and assessment
of its reporting structure.
The Company will publish a Trading
Update in late November 2024.
Stephen Harris, Executive Chairman, said:
"On behalf of the Board, I would
like to thank Stephen Bird for his contribution to Videndum since
he joined in 2009. We wish him success in the future.
"I am delighted to welcome Sean to
the Group. With his strong financial and
commercial acumen, he is well positioned to work with the Board and
build a strong finance team.
"I am looking forward to working
with the senior leadership team of Videndum to realise its full
potential and to deliver meaningful shareholder value."
Contacts
FTI
Consulting
Richard
Mountain
020 3727 1374
Stephen Bird's Remuneration Arrangements
Information relating to the payments
to be made to Stephen Bird in connection with his departure from
the Group will be disclosed on Videndum plc's website and in the
Company's 2024 Directors' Remuneration Report in accordance with
the Company's statutory obligations.
About Videndum
Videndum is a leading global
provider of premium branded hardware products and software
solutions to the content creation market. We are organised in three
Divisions: Videndum Media Solutions, Videndum Production Solutions
and Videndum Creative Solutions.
Videndum's customers include
broadcasters, film studios, production and rental companies,
photographers, independent content creators ("ICC"), professional
musicians and enterprises. Our product portfolio includes camera
supports, video transmission systems and monitors, live streaming
solutions, smartphone accessories, robotic camera systems,
prompters, LED lighting, mobile power, carrying solutions,
backgrounds, audio capture, and noise reduction
equipment.
We employ around 1,600 people across
the world in ten different countries. Videndum plc is listed on the
London Stock Exchange, ticker: VID.
More information can be found
at: https://videndum.com
This
announcement contains inside information. The person responsible
for arranging the release of this announcement on behalf of
Videndum plc is Jon Bolton, Group Company Secretary.