Ricardo PLC Appointment of Chief Financial Officer (0419V)
03 Avril 2023 - 8:00AM
UK Regulatory
TIDMRCDO
RNS Number : 0419V
Ricardo PLC
03 April 2023
3 April 2023
Ricardo appoints Judith Cottrell as Chief Financial Officer
Ricardo plc, a global strategic, environmental, and engineering
consulting company, is pleased to announce the appointment of
Judith Cottrell as Chief Financial Officer with effect from the end
of September 2023. Judith will join the Company and the Board on
the 1(st) July.
Ian Gibson will step down as Chief Financial Officer and from
the Board, and this will take effect at the end of September 2023.
Ian will remain with the Company to allow for a smooth transition
of responsibilities following a thorough handover process and will
continue until a date to be determined.
Judith, a former KPMG accountant, has more than 20 years'
experience working in senior financial and operational roles. She
was previously the Group Finance Director for RPS, and, prior to
that, she held various senior roles within the company, including
Chief Executive of RPS's UK & Ireland consulting business and
Group Strategy Director. Before RPS, Judith worked at Ricardo as a
Finance Director within our Automotive and Industrial business
unit, having originally joined AEA Technology, which Ricardo
acquired in 2012.
Mark Clare, Chairman of Ricardo, commented: "We are delighted
that Judith is joining us at such an exciting time, as Ricardo
accelerates its transformation to become a world-leading strategic
and environmental consultancy in environmental and
energy-transition solutions. Judith's experience and her extensive
knowledge make her an ideal choice as our new Chief Financial
Officer and we look forward to welcoming her to the team.
"On behalf of the whole Board, I would also like to pay tribute
to Ian's achievements and extend my heartfelt thanks for his
significant contributions to Ricardo over the past 10 years, all as
Chief Financial Officer. Ian has been a trusted advisor to the
Board and has supported both Graham and me when we joined the
Company more recently. He is held in the highest regard across the
company for his steadfast leadership. Ian will always remain a
valued and respected friend here at Ricardo, and we wish him the
very best for the future."
ENDS
Remuneration arrangements
Judith will receive a base salary of GBP365,000 per annum and
will be eligible for an annual bonus of up to 100% of her base
salary, and a long-term incentive award of 130% of salary. All
other arrangements are in line with the existing Director's
Remuneration Policy.
Ian Gibson will be treated as a "good leaver" and termination
payments made in accordance with the current Director's
Remuneration Policy. The notice period starts from the date of this
announcement. Details of the arrangements on his cessation of
employment will be disclosed in due course under the Company's Act
in a schedule 430(2B) statement which will be posted on Ricardo's
website and further disclosed in the 2023 Director's Remuneration
Report.
Additional Disclosures
In accordance with the Listing Rules, there are no further
matters requiring disclosure under LR 9.6.13R of the Listing Rules
of the Financial Conduct Authority in relation to the appointment
of Judith Cottrell.
About Ricardo
Ricardo plc is a global strategic, environmental, and
engineering consulting company, listed on the London Stock
Exchange. With over 100 years of engineering excellence and close
to 3,000 colleagues in more than 20 countries, we provide
exceptional levels of expertise in delivering innovative
cross-sector sustainable outcomes to support energy transition,
scarce resources, and environmental services together with safe and
smart mobility. Our global team of consultants, environmental
specialists, engineers, and scientists supports our customers in
solving the most complex and dynamic challenges to help achieve a
safe and sustainable world. Visit www.ricardo.com
Media contacts:
Natasha Perfect, Ricardo Natasha.perfect@ricardo.com
Elisabeth Cowell, SECNewgate ricardo@secnewgate.co.uk
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END
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