Spirent Communications PLC SPIRENT CHIEF EXECUTIVE OFFICER TO RETIRE IN 2019 (4055H)

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RNS Number : 4055H

Spirent Communications PLC

15 November 2018

SPIRENT COMMUNICATIONS PLC

SPIRENT CHIEF EXECUTIVE OFFICER TO RETIRE IN 2019

London, UK - 15 November 2018: Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, announces that Eric Hutchinson has informed the Board of his wish to retire from the Company. As a result, the Board is commencing a search process for his replacement.

Eric has agreed to continue in his role as Chief Executive Officer until a replacement has been appointed and for a transitional period thereafter. As part of our overall succession planning, we have a relationship with Korn Ferry, who will be assisting us with this search process.

Separately today, the Company has also announced a trading update covering the period until the end of Q3.

Eric Hutchinson commented, "I have very much enjoyed the last 36 years at Spirent, and particularly the last 5 years as CEO. However, I have decided that it is now the right time for me to plan for my retirement. I believe that the company has many opportunities, and an exciting future, ahead of it and I remain fully committed over the coming months to ensuring the continued success of the business."

Bill Thomas, Chairman, commented, "Eric has made a huge contribution to Spirent over the last 36 years, for which the Board is very grateful. We are also pleased that Eric will continue to lead our business whilst we find and appoint his successor. The Board has appointed Korn Ferry to conduct a search for Eric's successor which will begin immediately and will provide an update in due course."

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Enquiries

 
  Eric Hutchinson, Chief Executive       Spirent Communications 
   Officer                                plc                        [phone] 
  Paula Bell, Chief Financial 
   Officer 
 
  James Melville Ross/Dwight 
   Burden/                                                           [phone] 
   Adam Davidson                         FTI Consulting               1000 
 

About Spirent Communications plc

Spirent Communications plc (LSE: SPT) offers test, measurement, analytics and assurance solutions for next-generation devices and networks. Spirent provides products, services and information solutions for high-speed Ethernet, positioning mobile network infrastructure markets, with expanding focus on service assurance, cybersecurity and 5G. Spirent is accelerating the transition of connected devices, network equipment and applications from development labs to the operational network, as it continues to innovate toward fully-automated testing and autonomous service assurance solutions. Further information about Spirent Communications plc can be found at https://corporate.spirent.com/.

Spirent Communications plc Ordinary Shares are traded on the London Stock Exchange (ticker: SPT; LEI: 213800HKCUNWP1916L38). The Company operates a Level 1 American Depositary Receipt (ADR) programme with each ADR representing four Spirent Communications plc Ordinary Shares. The ADRs trade in the US over-the-counter (OTC) market under the symbol SPMYY and the CUSIP number is 84856M209. Spirent ADRs are quoted on the Pink OTC Markets electronic quotation service which can be found at http://www.otcmarkets.com/marketplaces/otc-pink.

Spirent and the Spirent logo are trademarks or registered trademarks of Spirent Communications plc. All other trademarks or registered trademarks mentioned herein are held by their respective companies. All rights reserved.

Cautionary statement regarding forward-looking statements

This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.

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November 15, 2018 02:02 ET (07:02 GMT)