FIH Group PLC Board Changes (8758H)

TIDMFIH

RNS Number : 8758H

FIH Group PLC

13 June 2017

FIH group plc

Board Changes

("FIH" or "the Company")

The Board of FIH is pleased to announce the appointment of Robert Johnston to the Board of FIH as a non-executive director with immediate effect.

Mr Johnston is an experienced non- executive director and investment professional and has served on the boards of several quoted companies in both North America and in UK, including Fyffes PLC and Supremex, Inc.

Mr Johnston represents the Company's largest shareholder, "The Article 6 Marital Trust, created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07" ("The Article 6 Marital Trust"), which has a beneficial holding of 3,596,553 ordinary Shares, representing 28.92% of the Company's issued share capital.

Interim FIH chairman, Jeremy Brade, commented: "I am delighted to welcome Rob Johnston to the Board of FIH. His quoted company experience and business knowledge will prove of great value to the Company and I look forward to working with him."

The Company has also received the resignation of Edmund Rowland who, on the appointment of Mr Johnston, stands down as a non-executive director. The Board would like to thank Mr Rowland for his contribution to the Company since his appointment on 16 April 2013.

The Board confirms that it has engaged a firm of respected consultants to conduct the search for a senior, experienced non-executive director to act as independent Chair of FIH going forward. The objective is to complete the appointment in time for the approval of shareholders at the Company's Annual General Meeting on 31 August 2017.

Further strengthening of the Board with another independent non-executive director is expected to be announced following arrival of the new chair.

Ends

 
 Further enquiries: 
 
 FIH group plc                     Tel: +44 (0) 
                                    1279 461 630 
 John Foster 
 
 WH Ireland Limited                Tel: +44 (0) 
                                    20 7220 1666 
 Nominated Adviser and Broker 
  to FIH 
 Adrian Hadden 
 Alex Bond 
 
 FTI Consulting                    Tel: +44 (0) 
                                    20 3727 1000 
 Communications adviser to FIH 
 Edward Westropp 
 Eleanor Purdon 
 

Mr Robert Bruce Johnston's (aged 52) directorships in the last five years are as follows:

 
 Company                            Status 
---------------------------------  --------- 
 COLABOR GROUP INC                  Current 
---------------------------------  --------- 
 PRODUCE INVESTMENTS PLC            Current 
---------------------------------  --------- 
 GAS NATURAL, INC                   Current 
---------------------------------  --------- 
 CORNING NATURAL GAS HOLDING CORP   Current 
---------------------------------  --------- 
 SUPREMEX INC.                      Current 
---------------------------------  --------- 
 CIRCA ENTERPRISES INC.             Current 
---------------------------------  --------- 
 
 FYFFES PLC                         Previous 
---------------------------------  --------- 
 SPAN AMERICA MEDICAL SYSTEMS       Previous 
---------------------------------  --------- 
 GALVANIC APPLIED SCIENCES INC.     Previous 
---------------------------------  --------- 
 CENTRAL VERMONT PUBLIC SERVICE     Previous 
  CORP. 
---------------------------------  --------- 
 PACIFIC NORTHERN GAS LTD.          Previous 
---------------------------------  --------- 
 HUDSON'S BAY COMPANY               Previous 
---------------------------------  --------- 
 SPAN AMERICA MEDICAL SYSTEMS       Previous 
---------------------------------  --------- 
 CENTRAL VERMONT PUBLIC SERVICE     Previous 
  CORP 
---------------------------------  --------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 13, 2017 02:45 ET (06:45 GMT)