RICARDO PLC

Board/Management Information • May 13, 2013

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RNS Number : 5045E

Ricardo PLC

13 May 2013

Ricardo PLC

Appointment of Chief Financial Officer

13 May 2013

Appointment of Chief Financial Officer

Ricardo plc is pleased to announce the appointment of Ian Gibson as Chief Financial Officer of Ricardo.  He will join Ricardo with effect from 15 May 2013.

A member of the Institute of Chartered Accountants in England and Wales, Ian Gibson is a highly experienced finance professional with almost thirty years' commercial experience, most recently as Chief Financial Officer of Cable & Wireless Worldwide plc. He spent seventeen years in a number of senior financial management positions within the Cable & Wireless Group. In recent years he played a key role in both the demerger and listing of Cable & Wireless Worldwide plc, and the subsequent acquisition of that company by Vodafone. Prior to his time with Cable & Wireless, he spent twelve years at Deloitte where he worked in the audit and forensic accounting teams of the London and Toronto offices.

"I am extremely pleased to be able to welcome Ian Gibson to Ricardo plc," commented Ricardo CEO Dave Shemmans. "Ian brings with him a wealth of global business experience in technology-driven markets. I am sure that he will make an extremely valuable contribution to the future of Ricardo and look forward to working with him to deliver our strategy for growth."

In order to allow an orderly handover, Bill Jessup, Interim Group Finance Director, will stand down from the Board on 30 June 2013.

Ian will join the Board with effect from 1July 2013.

There are no further disclosures to be made under paragraph 9.6.13R of the Listing Rules in respect of the board changes referred to above

Contact            Patricia Ryan   Company Secretary

Telephone:      01273 794776

This information is provided by RNS

The company news service from the London Stock Exchange

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