Diploma PLC (LON:DPLM) today announced that Richard Ingram has stepped down from his role as Chief Executive Officer and as an Executive Director of the Board with immediate effect. John Nicholas, the Company’s Non-Executive Chairman has agreed to take over as interim Executive Chairman until a permanent replacement CEO is appointed.
A process to find an external successor to Richard is now underway.
Diploma PLC’s John Nicholas said: “The Board believes that a change in CEO is in the best interests of the Company and its shareholders. The Board is fully committed to the Group’s successful long term strategy and, as reported in today’s Trading Update, the Company continues to perform well. Working together with Diploma’s experienced senior management team I feel confident the Group’s successful, consistent strategy and culture will continue to deliver profitable growth.”
Diploma PLC is an international group of businesses supplying specialised technical products and services to the Life Sciences, Seals and Controls industries. It’s businesses are focussed on supplying essential products and services which are funded by the customers’ operating rather than their capital budgets, providing recurring income and stable revenue growth.
