Spirent Communications plc (LON: SPT), a leading communications technology company, announces that Eric Hutchinson has informed the Board of his wish to retire from the Company. As a result, the Board is commencing a search process for his replacement.
Eric has agreed to continue in his role as Chief Executive Officer until a replacement has been appointed and for a transitional period thereafter. As part of our overall succession planning, we have a relationship with Korn Ferry, who will be assisting us with this search process.
Separately today, the Company has also announced a trading update covering the period until the end of Q3.
Eric Hutchinson commented, “I have very much enjoyed the last 36 years at Spirent, and particularly the last 5 years as CEO. However, I have decided that it is now the right time for me to plan for my retirement. I believe that the company has many opportunities, and an exciting future, ahead of it and I remain fully committed over the coming months to ensuring the continued success of the business.”
Bill Thomas, Chairman of Spirent, commented, “Eric has made a huge contribution to Spirent over the last 36 years, for which the Board is very grateful. We are also pleased that Eric will continue to lead our business whilst we find and appoint his successor. The Board has appointed Korn Ferry to conduct a search for Eric’s successor which will begin immediately and will provide an update in due course.”