The Vitec Group appoints Ian McHoul to its Board as Independent Director and Chairman designate

– UK, Richmond – The Vitec Group plc (LON:VTC), the international provider of products and solutions to the Broadcast and Photographic markets, today announced the appointment of Ian McHoul to the Board of the Company as an independent Non-Executive Director and Chairman Designate with effect from 25 February 2019. Ian will be appointed Chairman when John McDonough CBE, retires from the Board at the conclusion of the Company’s Annual General Meeting on 21 May 2019.

Commenting on the appointment, John McDonough, Chairman of Vitec said: “The appointment of Ian to the Board is excellent news for Vitec and I am delighted that he will succeed me as Chairman in May 2019 following a handover period. The appointment follows a structured Board succession process around the role of Chairman of the Company and enables the new Chairman Designate to have a thorough induction period. Ian has excellent international commercial experience as well as a strong listed company background.”

Stephen Bird, Group Chief Executive said: “I would like to welcome Ian to the Board and am looking forward to working with him to continue the growth of Vitec. I also would like to thank John for his excellent chairmanship of Vitec over 7 years during a period of significant growth and change for the Company. On behalf of everyone at Vitec I wish him the very best for the future.”

About Ian McHoul

Ian McHoul brings considerable experience to Vitec, currently being a non-executive director of Bellway, Young & Co’s Brewery and Britvic, where he is also Senior Independent Director. Ian was formerly a non-executive director at Wood Group (2017 to 2018) and Premier Foods (from 2004 to 2013). In his executive career Ian held several senior roles including Chief Financial Officer at Amec Foster Wheeler (2008 to 2017), Group Finance Director at Scottish & Newcastle (2001 to 2008), and Director, Finance & Strategy, Inntrepreneur Pub Company (1995 to 1998). Prior to this Ian held several roles with Foster’s Brewing Group and qualified as a Member of the Institute of Chartered Accountants in England and Wales when with KPMG.

Ian McHoul said “I am delighted to join Vitec at this exciting time in its growth and look forward to a handover period with John, succeeding him as Chairman in May 2019. Vitec has an exceptional range of premium branded products and solutions as well as passionate employees in the image capture and content creation market.”

About The Vitec Group

Vitec is a leading global provider of premium branded products and solutions to the fast moving and growing “image capture and content creation” market.

Vitec’s customers include broadcasters, independent content creators, photographers and enterprises, and our activities comprise: design, manufacture and distribution of high performance products and solutions including camera supports, camera mounted electronic accessories, robotic camera systems, prompters, LED lights, mobile power, monitors, bags and noise reduction equipment.

We employ around 1,800 people across the world in 13 different countries and are organised in three Divisions: Imaging Solutions, Production Solutions and Creative Solutions.

The Vitec Group plc is listed on the London Stock Exchange with 2017 adjusted revenue of £378.1 million.

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