– UK, London – Colt announced today that with effect from 1 January 2014 Simon Haslam will succeed Tim Hilton as Chairman of the Board. This change is pursuant to Colt’s ongoing programme of planned NED rotation and refresh (see previous announcements for more details).

Mr Haslam has been a non-executive Director of Colt since 16 January 2007 and is Chairman of Moonray Investors, a division of FIL Limited, a Fidelity related company. Mr Hilton will remain as a member of the Colt Board as a non-executive Director and Chairman of the Nomination Committee.

Mr Haslam said “I am looking forward to working more closely with Rakesh Bhasin, our CEO and the team in the coming years. Colt has made significant progress during Tim’s tenure as Chairman and we are fortunate to continue to benefit from his wisdom and guidance on the Board.

Mr Hilton said” I have enjoyed serving Colt as Chairman for the last seven years and I wish Simon every success in his new role.”

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