HRCO Hirco

TIDMHRCO

RNS Number : 0292L

Hirco plc

30 August 2012

30 August 2012

Hirco plc

Vikram Talwar appointed as a Non-Executive Director

The Board of Hirco plc (AIM: HRCO), the AIM-quoted real estate investment company, announces that it has appointed Vikram Talwar as a Non-Executive Director, with immediate effect.

Vikram, aged 63, is Chairman of ExlService Holdings, Inc., a leading global Business Process Outsourcing company in the US, which he founded in 1999. The company was listed on NASDAQ in 2006. He was the CEO of the company until May 2008 when he was elevated to Chairman. In that year Vikram also won New York Area Ernst & Young Entrepreneur of the Year Award.

Vikram started his career with Bank of America in San Francisco. During his 26 year career at the bank, Vikram held several senior management positions in over nine countries in Asia, including Head of Asia Division Marketing in Tokyo; Head of Asia Division Operations and Technology in Hong Kong; Country Manager in Indonesia; Regional Director for South East Asia in Singapore and Country Manager for India.

Vikram left Bank of America in 1996 and for the following two years he worked with Ernst & Young Consulting in New York. He was assigned as the CEO and Managing Director at Ernst & Young Consulting, India and was also Ernst & Young's Asia Director for its Global Operate Business (Outsourcing).

He is a US citizen, a graduate of St Stephens College, Delhi University and completed his Master in Business Administration from the Indian Institute of Management Ahmadabad (an affiliate of Harvard Business School) in 1970.

David Burton, Chairman of Hirco, commented:

"Mr. Talwar is a welcome addition to Hirco's Board of Directors. His stature and experience in the Indian and international business communities as well as his extensive experience dealing with distressed and problematic Indian assets will help guide our efforts to recover shareholder value in connection with Panvel and Chennai. We are excited that Vikram has agreed to join our board and look forward to working closely with him."

Save as set out above and in the further information below, there is no information specified by paragraph (g) in Schedule Two to the AIM Rules that is required to be disclosed.

Contacts:

 
 IOMA Fund & Investment 
  Management Limited 
  Philip Scales 
  +44 1624 681250 
 Singer Capital Markets 
  Limited 
  James Maxwell /Nick 
  Donovan 
  020 3205 7500 
 

Further information:

Vikram Talwar has in the last five years, and continues to be, a Director of the following companies:

ExlService Holdings, Inc.

CJ International Hotels Limited

ING Vysya Bank Limited

Intermedia

Allbiz

Bizlink

- ENDS -

This information is provided by RNS

The company news service from the London Stock Exchange

END

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