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Diploma finance director Nigel Lingwood to retire
8th Oct 2019 08:56
(Sharecast News) - Diploma has announced the retirement of group finance director Nigel Lingwood.
He will remain with the company for 12 months to ensure sufficient time for a "thorough" search process to take place and a smooth transition of responsibilities.
Lingwood joined the group in 2001 as FD and company secretary.
Chief executive officer Johnny Thomson said: "Nigel has been instrumental in creating Diploma as it is today - a successful business model, with strong organic growth augmented by excellent acquisitions, delivering impressive shareholder value. He has been a fantastic support to me as I have got to know the group.
"I know we are also aligned on the next phase of growth for the group and that he will continue to support me as we start to deliver on that in the next year."
At 0855 BST, the shares were up 0.2% at 1,669p.
He will remain with the company for 12 months to ensure sufficient time for a "thorough" search process to take place and a smooth transition of responsibilities.
Lingwood joined the group in 2001 as FD and company secretary.
Chief executive officer Johnny Thomson said: "Nigel has been instrumental in creating Diploma as it is today - a successful business model, with strong organic growth augmented by excellent acquisitions, delivering impressive shareholder value. He has been a fantastic support to me as I have got to know the group.
"I know we are also aligned on the next phase of growth for the group and that he will continue to support me as we start to deliver on that in the next year."
At 0855 BST, the shares were up 0.2% at 1,669p.