Interserve PLC Board Change (1243P)

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RNS Number : 1243P

Interserve PLC

14 November 2016

News Release

14 November 2016

Board Change

Interserve, the international support services and construction group, today announces that its Chief Executive, Adrian Ringrose, will step down from the Board and leave the Company after a successor has been appointed, in order to pursue the next phase of his career. This is expected to occur in 2017. The Board is undertaking a process to select a new CEO and, in the meantime, Adrian will continue in his current role and in due course facilitate a smooth transition.

Glyn Barker, Group Chairman commented "I would like to thank Adrian for his significant contribution to Interserve over the last fifteen years. His dedication to the organisation has been and remains absolute and I wish him success and equal fulfilment in the next stage of his career. During his tenure as CEO, he has transformed the composition, scale and culture of the business. He will be leaving a legacy of strong, profitable businesses with an excellent market reputation. This, together with the outstanding team of people which he has developed throughout the organisation, is a great platform for our new CEO to take Interserve forward."

Adrian Ringrose, said "It has been a huge privilege to serve on the Board of Interserve for the last 15 years, in particular to have led the business as Chief Executive for the vast majority of that time during which the company has expanded and developed significantly. I am proud of what we are achieving and continue to be humbled by the skill and care of my colleagues in providing vital services to our customers and remain committed to leading the company through this transition period."

A further announcement will be released once Adrian's successor has been appointed.

This announcement contains inside information.

For further information please contact:

   Robin O'Kelly, Group Director of Communications                                 [phone] 
   Richard Campbell/Michael Kinirons, CNC Communications                     [phone] 

About Interserve

Interserve is one of the world's foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. Headquartered in the UK and FTSE listed, we have gross revenues of GBP3.6 billion and a workforce of circa 80,000 people worldwide.

Website: www.interserve.com

For Interserve news follow: @interservenews

This information is provided by RNS

The company news service from the London Stock Exchange

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November 14, 2016 09:15 ET (14:15 GMT)