22 March 2023
WANdisco plc
("WANdisco" or the "Company")
Appointment of Interim Chair
WANdisco (LSE: WAND), the data activation platform, announces its intention to appoint Kenneth ("Ken") Lever as Interim Non-Executive Chair of the Board of Directors (the "Board") and to Chair the Investigation Committee supporting the investigation currently being undertaken by FRP Advisory, announced on 10 March 2023. As Chair, Ken will provide leadership and direction to the Board and oversee the strategic direction and corporate governance of the Company. The Investigation Committee comprises the Chair and two Non-Executive Directors: Peter Lees, Senior Independent Non-Executive Director and Karl Monaghan, Chairman of the Audit Committee.
Ken is an experienced business leader, having held a number of senior executive and non-executive positions within UK-listed firms. He is currently Non-Executive Director at Vertu Motors plc and Rockwood Strategic plc, as well as Deputy Chairman of Rainier Developments Limited. Ken has recently stepped down as Non-Executive Chairman of Biffa plc and RPS Group plc. Ken was also a Non-Executive director at Blue Prism plc, an intelligent automation software business, where he was Chair of the Audit Committee. In his executive career, Ken was latterly Chief Executive Officer of technology, business services and insurance software business Xchanging plc. Ken is a member of the Advisory Board of the Alliance Manchester Business School and has served on the UK Accounting Standards Committee of the Financial Reporting Council.
The appointment is subject to completion of customary due diligence and the Company will make further announcements, as appropriate.
For further information, please contact:
|
WANdisco plc | via FTI Consulting |
| David Richards, Chief Executive Officer | |
| Erik Miller, Chief Financial Officer Kam Bansil, Investor Relations | +44 (0)20 7039 1901 |
|
FTI Consulting |
+44 (0)20 3727 1137 |
| Matt Dixon / Rob Mindell / Kwaku Aning |
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|
Stifel (Nomad and Joint Broker) |
+44 (0)20 7710 7600 |
| Fred Walsh / Richard Short / Tom Marsh |
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|
Liberum (Joint Broker)
Max Jones / Kate Bannatyne |
+44 (0)20 3100 2000 |
About WANdisco
WANdisco is the data activation platform for accelerating digital transformation at scale. WANdisco makes infinite data actionable across clouds and enterprises in real time. WANdisco customers unleash the business value of the cloud with zero downtime, data loss, or disruption to fuel AI and machine learning, create new services, and transform businesses. For more information about WANdisco, visit www.wandisco.com
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