– UK, London – Volex plc (LON: VLX), the global supplier of integrated manufacturing services and power products, today announced the appointment of Sir Peter Westmacott to its Board as an Independent Non-Executive Director and member of the Nominations Committee, effective from 12 November 2020.
The company also announced that Jon Boaden, who joined the business in April 2019, as deputy CFO has been promoted to the role of CFO with immediate effect, succeeding Daren Morris who has today left the Board with immediate effect and will be leaving the business.
Daren Morris initially joined the business in June 2014 as a Non-Executive Director before becoming CFO in September 2014,
The appointments of Sir Peter Westmacott and Jon Boaden maintain the Company’s approach to strong independent governance and oversight. Following the implementation of these changes, the Board will consist of four non-executive directors and two executive directors.
“I am delighted that we are able to appoint somebody of the calibre of Sir Peter Westmacott as an Independent Non-Executive Director and have no doubt that he will be an invaluable addition to the Board. Both Jon and Sir Peter’s appointments demonstrate the continued evolution of Volex as we look to build on the strong momentum we have generated in recent years,” said Executive Chairman, Nat Rothschild.
I “I would like to take this opportunity to thank Daren for his contribution to the group over this period and wish him well for the future.”
About Sir Peter Westmacott
Sir Peter is a senior British Diplomat who retired from the Foreign and Commonwealth Office in 2016. He brings with him a wealth of experience from a diplomatic career spanning over 40 years which included 14 years as British Ambassador to Turkey, France and the United States. His substantial record, acknowledged by successive Prime Ministers, of policy and business delivery will be a key asset to Volex.
About Jon Boaden
Jon Boaden emerged as the leading candidate for succession to the role of Chief Financial Officer following a rigorous profiling and search process including the full evaluation of potential internal and external candidates using specialist consultants. He has played a key role in the significant growth and development of the Group’s business since joining the business over 18 months ago and has quickly established himself as a well-respected leader within the organisation.
For more information: https://www.volex.com/
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