IWG plc (the "Company"), the global operator of leading co-work and workspace brands, today announces that Elmar Heggen will step down as Non-Executive Director and Chairman of the Audit Committee effective from the Company's annual general meeting to be held on 14 May 2019. Elmar has served on the Board since 1 June 2010.
The Company is pleased to announce that Laurie L. Harris will join IWG as a Non-Executive Director of the Company and succeed Elmar as Chair of the Audit Committee. The appointment will take effect from 14 May 2019 and is subject to applicable law including shareholder approval at the Company's forthcoming annual general meeting.
Laurie has significant executive leadership and boardroom experience. She currently serves as an Independent Director and Audit Committee Chair of the board of directors of QBE North America, an integrated specialist insurer. Previously, Laurie spent 38 years with PricewaterhouseCoopers LLP, most recently as a Global Engagement Audit Partner where she helped PricewaterhouseCoopers LLP's largest clients address and act upon complex business challenges and opportunities in the United States and internationally. Laurie has advised over 20 Audit Committees of large public companies and private equity backed entities including Fortune 100 financial services companies.
In addition, the Company announces that Nina Henderson has been appointed as the Non-Executive Director with responsibility for engagement with the workforce as foreseen by the 2018 UK Corporate Governance Code. In addition Nina will also take over responsibilities for board oversight of the corporate responsibility activities of the Group, including community projects and environmental activities impact.
Commenting on the changes announced today, Doug Sutherland, Chairman of IWG plc, said:
"I would like to thank Elmar for the significant contribution he has made to the Board over the last nine years. We are very fortunate to have benefitted from his expertise and experience over this time, and I wish him well for the future.
"We are delighted to have secured someone of Laurie's calibre to succeed Elmar as Chair of the Audit Committee. Laurie is a proven executive with strong leadership experience across private and public companies and we know that she will be of great value to the Board.
"Nina has provided invaluable support to the Board over the past five years and I am confident she will effectively implement the new role with respect to employee engagement as well as taking over for the Company's corporate responsibility activities."
There is no information required to be disclosed pursuant to LR 9.6.13
For further information, please contact:
IWG plc +41 (0) 41 723 2353
Mark Dixon, Chief Executive
Wayne Gerry, Group Investor Relations Director
Matt Young, Group Corporate Affairs Director
Brunswick Group LLP +44 (0) 20 7404 5959
Simone Selzer / Oliver Sherwood
For more information, please visit www.iwgplc.com
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