Wilmington PLC Directorate Change (1910N)

TIDMWIL

RNS Number : 1910N

Wilmington PLC

16 January 2019

16 January 2019

Wilmington plc

("Wilmington" or the "Company" or "Group")

Directorate Change

Wilmington plc (LSE: WIL), the provider of information, education and networking services in Risk & Compliance, Professional and Healthcare knowledge areas, announces that Pedro Ros has informed the Board of his intention to step down from his position as Chief Executive Officer of the Company. The Board has agreed with Pedro that he will step down from the Board on 13 February 2019 and will be available over the following months to ensure a smooth and orderly handover.

Martin Morgan, Chairman, will act as Executive Chairman from 13 February until Pedro's replacement is appointed. The Board will initiate a search for a new Chief Executive Officer and an update will be made in due course.

As previously advised, the Company will announce its half year results for the period to 31 December 2018 on Thursday 21 February 2019.

Martin Morgan, Chairman, commented:

"I would like to thank Pedro for his dedication and contribution to Wilmington over the last five years. Since joining Wilmington in 2014, Pedro has executed a significant change programme and focused on building our key market sectors in Risk & Compliance, Professional and Healthcare. During Pedro's tenure, Wilmington has also begun the important process of modernising its infrastructure which includes the implementation of common technologies, especially in the areas of customer relationship management, digital learning and marketing. The Company has many opportunities for renewed growth and, on behalf of the Board and employees of Wilmington, we wish Pedro all the best in his future endeavours."

Pedro Ros, Chief Executive Officer, said:

"During the last five years, Wilmington has completed a major transformation and I believe that now is the right time to hand over to my successor. I am proud of our many achievements during that time and I thank our people and the Board for their continuous support. I look forward to working with Martin to ensure a smooth transition."

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 592/2014. Upon the publication of this announcement via a Regulatory Information Service this inside information is now considered to be in the public domain.

For further information, please contact:

 
 Wilmington plc 
  Martin Morgan, Chairman 
  Richard Amos, Chief Financial Officer    020 7490 0049 
 
  FTI Consulting 
  Charles Palmer / Dwight Burden / Leah 
  Dudley                                    020 3727 1000 
 

Notes to Editors

Wilmington is the recognised knowledge leader and partner of choice for information, education and networking in Risk & Compliance, Professional and Healthcare areas. Wilmington employs close to 1,000 people and operates in 120 countries. Wilmington plc is a premium listed company on the main market of the London Stock Exchange.

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January 16, 2019 02:00 ET (07:00 GMT)