Bloomsbury Publishing PLC Board Appointment (2430I)

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RNS Number : 2430I

Bloomsbury Publishing PLC

16 June 2017

Bloomsbury Publishing Plc ("Bloomsbury")

Board Appointment

Bloomsbury announces that, with effect from the close of business of the AGM on 18 July 2017, Sir Richard Lambert will join the Board as a non-executive Chairman for a term of four years. At the same time and as announced previously, Sir Anthony Salz will retire from the Board at the end of his term at the AGM. This appointment reflects the non-executive rotation policy in the 2016 Annual Report that ensures a steady inflow of insights from other organisations as Bloomsbury grows. Sir Richard Lambert was selected after a rigorous search process involving an external agency led by the Senior Independent Director, John Warren. Sir Richard will be a member of the Remuneration Committee and chair of the Nomination Committee.

Sir Richard Lambert is Chairman of the British Museum. He is also a Member of Council for Chatham House, the Royal Institute of International Affairs. Sir Richard joined the Financial Times after reading history at Balliol College, Oxford. He was editor of the Lex column, became New York bureau chief, and thereafter deputy editor. He was Editor of the Financial Times from 1991 to 2001. He has served as a member of the Bank of England Monetary Policy Committee from 2003 to 2006, Director General of the CBI from 2006 to 2011, interim Chairman of The Banking Standards Review Council from 2013 to 2014, Chancellor of the University of Warwick from 2008 to 2016 and the senior independent member of the Foreign and Commonwealth Office's Supervisory Board from 2012 to 2017.

Nigel Newton, Chief Executive, commented:

"All of us at Bloomsbury would like to thank Sir Anthony Salz for his excellent chairmanship. He has ably led the Board and we have benefited significantly from his strategic challenge and commercial insights. We are delighted to welcome Sir Richard Lambert who joins Bloomsbury at a time when the digital landscape is providing Bloomsbury with new opportunities to grow its publishing mission."

In accordance with Listing Rule LR 9.6.13 (1) Sir Richard Lambert has held no directorships in any other publicly quoted company at any time in the previous five years. There is no further information to disclose in respect of LR 9.6.13. Sir Richard Lambert does not have an interest to be disclosed in the shares of Bloomsbury.

For further information, please contact:

 
Daniel de Belder, Bell Pottinger                           [phone] 
Nigel Newton, Chief Executive, Bloomsbury Publishing Plc   [phone] 
 

This information is provided by RNS

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June 16, 2017 02:00 ET (06:00 GMT)