ELECTROCOMPONENTS PLC
(the "Company")
Directorate Change
7 July 2021
Electrocomponents plc appoints a new Non-Executive Director
The Company is pleased to announce the appointment of Alex Baldock as a Non-Executive Director of the Company with effect from 1 September 2021. Alex will also be a member of the Audit and Remuneration Committees.
Based in the UK, Alex is currently group chief executive of Dixons Carphone plc, a leading omnichannel retailer of technology products and services, where he is leading an ambitious transformation. Alex was previously CEO of Shop Direct (2012-18), where he led the business's digital transformation from a catalogue retailer to the UK's second largest e-commerce pureplay, and through four consecutive years of record growth in sales, profits, customer satisfaction and colleague engagement. Before that, Alex was managing director of Lombard (leading the turnaround of Europe's leading asset finance company back to growth and profitability, 2008-12), and commercial director at Barclays. He started his career as a consultant with Kalchas and Bain & Company.
Rona Fairhead said: "The Board is delighted to welcome Alex to Electrocomponents. He is a highly regarded executive and brings with him an exceptional track record of digital transformation, accelerating omnichannel growth and embedding customer focus. The combination of these traits with the excellent skills sets of our existing Directors ensures, I believe, that our Board is well placed to lead the Company through its next exciting phase."
Alex Baldock said: "I am delighted to have been invited to join the Board of Electrocomponents, particularly at this extremely exciting time in the Company's journey. It is a strong Board with broad, diverse experience. I am greatly looking forward to contributing to the Group's further growth and delivery of exceptional service to its customers and other stakeholders."
The Company also announces that Joan Wainwright will become a member of the Remuneration Committee with immediate effect.
There is no additional information to disclose in relation to LR 9.6.13.
Ian Haslegrave
Company Secretary
Lucy Sharma, Head of Investor Relations
Electrocomponents plc
Phone: +44 (0)207 239 8427
Martin Robinson / Olivia Peters
Tulchan Communications
Direct: +44 (0) 207 353 4200
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