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Jeff Hewitt, Deputy Chairman and Group Finance Director, has informed the Board of his intention to seek early retirement from the Company in order to extend his range of non-executive directorships. Jeff is 57.
During his 9 years at Electrocomponents, Jeff has played a major role during a period of significant change. Initially, he sharpened the financial disciplines of the Company and then led the Group through both Y2K and the launch of the Euro. In recent years he has been leading the change in information systems whilst playing his usual active role in the strategic development, financial management and investor relations of the Group.
A search is being initiated to identify Jeff’s successor as Group Finance Director. Jeff will continue in his role until a successful transition to the new financial leadership has been completed.
Bob Lawson, Chairman, said:
"Jeff has played a major role in the development of Electrocomponents. I am delighted that he has agreed to stay with the Company until his successor has joined the Group. The Board and I wish him every success in his future plans."
Enquiries:
| Ian Mason | Group Chief Executive | 01865 204000 |
| Jeff Hewitt | Deputy Chairman / Finance Director | 01865 204000 |
