Clarkson PLC Directorate Change (3041B)

TIDMCKN

RNS Number : 3041B

Clarkson PLC

07 October 2020

CLARKSON PLC

(the "Company" or "Clarksons")

7 October 2020

Appointment of Non-Executive Director

Clarkson PLC is pleased to announce the appointment of Sue Harris as an independent Non-Executive Director with immediate effect. Sue will join the Board as a member of both the Remuneration Committee and the Audit and Risk Committee and, with effect from 1 November 2020, she will become Chair of the Audit and Risk Committee, succeeding Marie-Louise Clayton, who has decided to retire from the Board on 31 January 2021.

Sue brings significant financial, risk management and listed company experience. She is currently an independent Non-Executive Director at The Co-Operative Bank, where she chairs the Values and Ethics Committee; Wates Group, where she chairs the Audit Committee; FNZ (UK) where she chairs the Audit Committee; and Schroders and Co., where she is Chair of the Audit and Risk Committee of Schroders' Wealth Management Division. Sue was also previously a Non-Executive Director of Abcam plc. Sue has held a number of senior executive positions at FTSE 100 businesses, including as a Divisional Finance Director and Group Audit Director for Lloyds Banking Group. Prior to joining Lloyds Banking Group, Sue held roles including Managing Director for Finance at Standard Life and Group Treasurer and Head of Corporate Development for Marks & Spencer.

Sir Bill Thomas, Chair of Clarksons, said:

"We are delighted to welcome Sue to the Board of Clarksons. Her significant audit and financial experience will be invaluable as we grow the business in the years ahead. I would like to thank Marie-Louise for her valuable contribution during her time at the Company. She has been a highly constructive Non-Executive Director and Chair of the Audit and Risk Committee, and on behalf of the Board I wish her continued success in the future."

Following these appointments and a reallocation of responsibilities, the Board Committees will now comprise the following members:

 
 Audit and Risk Committee   Nomination Committee      Remuneration Committee 
 Marie-Louise Clayton       Sir Bill Thomas (Chair)   Dr Tim Miller (Chair) 
  (Chair until 31 October 
  2020 and member until 
  31 January 2021) 
                           ------------------------  ----------------------- 
 Sue Harris (Chair from     Peter Backhouse           Sue Harris 
  1 November 2020) 
                           ------------------------  ----------------------- 
 Peter Backhouse            Dr Tim Miller             Laurence Hollingworth 
                           ------------------------  ----------------------- 
 Laurence Hollingworth      Heike Truol               Birger Nergaard 
                           ------------------------  ----------------------- 
 Heike Truol                                          Sir Bill Thomas 
                           ------------------------  ----------------------- 
 

There is no other information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to the appointment.

Company enquiries:

Sir Bill Thomas, Chair

Andi Case, Chief Executive Officer

Tel: [phone]

Camarco:

Billy Clegg

Jennifer Renwick

Tel: [phone] / 4994

About Clarkson PLC

Clarkson PLC is the world's leading provider of integrated shipping services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.

Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors. Clarksons continues to drive innovation across its business, developing digital solutions which underpin the Group's unrivalled expertise and knowledge with leading technology.

The Group employs over 1,600 people in 53 different offices across its four divisions and is number one or two in all its market segments.

The Company has delivered 17 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.

Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.

For more information, visit www.clarksons.com .

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October 07, 2020 02:00 ET (06:00 GMT)