Intermediate Capital Directorate Change

 
TIDMICP 
 
 
   Intermediate Capital Group plc (the "Company") 
 
   23 March 2018 
 
   Intermediate Capital Group plc - Board Changes 
 
   The Board of the Company announces that Peter Gibbs and Kim Wahl will 
not stand for re-election as Directors at the Annual General Meeting of 
the Company to be held on 26 July 2018 and will retire from the Board 
from that date. 
 
   As a result of these planned retirements from the Board, Andrew Sykes 
will succeed Peter Gibbs as Senior Independent Director and, from 2 
April 2018, Virginia Holmes will become Chair of the Remuneration 
Committee. In addition, a review of the Board's Committees has been 
undertaken to ensure they continue to have sufficient and appropriate 
membership. The revised memberships will be available on the Company's 
website from 2 April 2018. 
 
   Kevin Parry, Chairman of the Company, said: "I am very grateful to Peter 
and Kim for their long service to the Board and the considerable 
contribution they made to the success of the Company. As Chairman of the 
Remuneration Committee and, since 2016, Senior Independent Director, 
Peter has been responsive to shareholder feedback and has overseen a 
crucial stage in the Board's development. Given his executive background 
in asset management, Peter has also provided valuable insight to the 
Board as we successfully grow the Company. Kim has invaluable private 
equity experience and has added commercial acumen and a strong 
understanding of European markets to the Board's proceedings. We wish 
them both all the best for the future. 
 
   As part of our succession planning, Andrew Sykes and Virginia Holmes 
were recruited with a view that they may take on these additional roles 
in due course. Their respective experience and skill sets make them well 
suited to these new capacities, and I look forward to continuing to work 
with them." 
 
   Contacts: 
 
   Ian Stanlake 
 
   Investor Relations, ICG plc 
 
   [phone] 
 
   Andy Lewis 
 
   Company Secretary, ICG plc 
 
   [phone] 
 
   Helen Gustard/Susan Tether 
 
   Corporate Communications, ICG PLC 
 
   [phone] 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Intermediate Capital Group plc via Globenewswire 
 
 
  http://www.icgplc.com/ 
 

(END) Dow Jones Newswires

March 23, 2018 05:00 ET (09:00 GMT)

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