De La Rue PLC De La Rue Appoints Chief Operating Officer (2080H)

TIDMDLAR

RNS Number : 2080H

De La Rue PLC

06 June 2017

DE LA RUE PLC

De La Rue appoints Chief Operating Officer

6 June 2017

De La Rue plc (De La Rue or the "Group"), the world's leading anti-counterfeiting and security specialist for currency, identity, and brand protection, today announces the appointment of Bryan Gray as Chief Operating Officer.

Bryan joins from Johnson Controls International (JCI), a global technology and multi-industrial company where he was the Group Vice President for Europe, responsible for 39 plants across Russia, EMEA and South Africa. He brings with him over 20 years' international experience in manufacturing, with a focus on the automotive sector. He previously held a number of senior management positons in South Africa, the UK and Europe during his career at JCI.

Bryan will be a member of the Executive Leadership Team and report to Martin Sutherland, Chief Executive Officer. He will assume responsibility for the operations of all De La Rue's manufacturing facilities and for driving efficiency across the Group.

Bryan will join De La Rue on 19 June 2017, replacing Rupert Middleton who, as previously announced, will stand down as Executive Director of the Board at the AGM on 20 July 2017.

Martin Sutherland, Chief Executive Officer of De La Rue commented:

"I am pleased with the appointment of Bryan as Chief Operating Officer. With strong international experience in manufacturing and developing global supply chains, he will strengthen and broaden the strategic and operational capabilities of the business and be a valuable addition to the leadership team. We look forward to working with him to deliver on our strategic plan."

De La Rue plc's LEI code is 213800DH741LZWIJXP78.

Enquiries:

De La Rue plc [phone]

   Martin Sutherland           Chief Executive Officer 
   Jitesh Sodha                 Chief Financial Officer 
   Lili Huang                      Head of Investor Relations 

Brunswick [phone]

Katharine Spence

Oliver Hughes

About De La Rue

De La Rue's purpose is to enable every citizen to participate securely in the global economy. As a trusted partner of governments, central banks and commercial organisations, De La Rue provides products and services that underpin the integrity of trade, personal identity and the movement of goods.

As the world's largest designer and commercial printer of banknotes, De La Rue designs, manufactures and delivers banknotes, banknote substrates and security features to customers in a world where currency will continue to be a key part of the developing payments eco-system. De La Rue is the only fully integrated supplier of both paper and polymer banknotes, and creates security features that ensure banknotes are protected against counterfeiting.

De La Rue is the world's largest commercial designer and printer of passports, delivering national and international identity tokens and software solutions for governments in a world that is increasingly focused on the importance of a legal and secure identity for every individual.

De La Rue also creates and delivers secure product identifiers and 'track and trace' software for governments and commercial customers alike to help to tackle the challenge of illicit or counterfeit goods and the collection of revenue and excise duties.

De La Rue is listed on the London Stock Exchange (LSE:DLAR). For further information visit www.delarue.com

This information is provided by RNS

The company news service from the London Stock Exchange

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June 06, 2017 02:01 ET (06:01 GMT)