DGAP-News: Williams Grand Prix Holdings PLC / Key word(s): Change of Personnel Williams Grand Prix Holdings PLC Appoints Alan Kinch as CFO 26.09.2014 / 13:50
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26.09.14 Williams Grand Prix Holdings PLC Appoints Alan Kinch as CFO Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announces that Alan Kinch will be joining the company in the position of Chief Financial Officer (CFO) on 1st December 2014, replacing outgoing Finance Director Louise Evans. Alan joins Williams from Vodafone Group Enterprise where he has been Finance Director since April 2013. His previous roles include eight years at Cable & Wireless Worldwide PLC where he spent three years as Group Financial Controller. Alan will be responsible for all aspects of operational and structural finance for the Williams Group and will join the company's Board of Directors. Current Finance Director Louise Evans will be departing Williams at the end of November 2014 in order to pursue new challenges. Louise joined Williams in 2004 and was appointed Head of Finance in 2005 and subsequently Finance Director in 2011. Speaking about her departure Louise said; "I have thoroughly enjoyed my ten years at Williams and it has been a privilege to be part of historic milestones for a Formula One team such as our diversification into new business areas and our IPO in 2011. The Group is making good progress towards its objective of reinvigorating our Formula One performance, exemplified by a very positive 2014 season, so this feels like the right time to hand over the reins as I seek new challenges in my career. I wish Alan the best of luck in his new role." Sir Frank Williams, Founder and Team Principal, said; "Louise Evans has given Williams great service over the past decade and she has been a central figure in the expansion of the business. She will be missed personally and professionally and I wish her the very best of luck for the future." Speaking about his appointment as CFO Alan Kinch said; "I am very excited to be joining Williams at this point in its journey. It is a privilege to be part of a company with such an illustrious history and I firmly believe that Williams has a bright future ahead, not only on the track but also in the development of the Williams Advanced Engineering business. I look forward to working closely with Mike and the rest of the Board to ensure the company fulfils its potential." Mike O'Driscoll, Group CEO, added; "Alan is a highly experienced and respected figure in the corporate world of finance and we are fortunate to have someone of his calibre take on the position of CFO for Williams. As a Group we have embarked on an ambitious journey to reinvigorate our Formula One team, build a strong Advanced Engineering business, and divest non-core operations. We are investing for the future and Alan will play a crucial role in guiding the Group through this transitionary period and beyond. I would also like to take this opportunity to pay tribute to our outgoing Finance Director Louise Evans. Louise has played an important role in guiding Williams through landmark events such as our IPO and the global economic downturn in 2008. I wish her the best of luck in her future endeavours." -Ends- Notes to Editors Williams Grand Prix Holdings PLC Williams Grand Prix Holdings PLC is the holding company of the Williams group of companies ("Group") which includes Williams Grand Prix Engineering Limited. The Group employs over 600 people, and generates its revenues from its long standing Formula One business and its more recently developed Advanced Engineering operation. The Group's aim is to be a championship-winning Formula One team and a world-class engineering and technology business generating consistent and satisfactory returns for its shareholders. Williams Grand Prix Engineering Limited Williams Grand Prix Engineering Limited's core competencies are the design and development of racing cars to compete in the Formula One World Championship. As one of the world's leading Formula One teams, the company has secured 16 FIA Formula One World Championship titles since its foundation in 1977. Nine of these titles have been won in the Constructors' Championship in association with Cosworth, Honda and Renault. The remaining seven titles were won in the Drivers' Championship with Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill and Jacques Villeneuve. WGPE continues to develop by adapting its intellectual property and rapid development skills in projects outside Formula One under the trading name Williams Advanced Engineering. Williams Advanced Engineering Williams Advanced Engineering is the brand that is used for all Group activity outside of the Formula One team, with projects focused on the exploitation of Williams' brand, intellectual property and know how. Williams Advanced Engineering harnesses Formula One derived technology, development pace and knowledge to deliver highly innovative products and services to the motorsport, automotive, transport, aerospace and energy sectors. Working in close collaboration with its customers, Williams Advanced Engineering helps them meet the sustainability challenges of the 21st century and improve their performance, market position and brand image. Media Contact James Francis Corporate Communications Manager M +44 (0) 7788 317 639 james.francis@williamsf1.com
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26.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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288939 26.09.2014
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26.09.14 Williams Grand Prix Holdings PLC Appoints Alan Kinch as CFO Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announces that Alan Kinch will be joining the company in the position of Chief Financial Officer (CFO) on 1st December 2014, replacing outgoing Finance Director Louise Evans. Alan joins Williams from Vodafone Group Enterprise where he has been Finance Director since April 2013. His previous roles include eight years at Cable & Wireless Worldwide PLC where he spent three years as Group Financial Controller. Alan will be responsible for all aspects of operational and structural finance for the Williams Group and will join the company's Board of Directors. Current Finance Director Louise Evans will be departing Williams at the end of November 2014 in order to pursue new challenges. Louise joined Williams in 2004 and was appointed Head of Finance in 2005 and subsequently Finance Director in 2011. Speaking about her departure Louise said; "I have thoroughly enjoyed my ten years at Williams and it has been a privilege to be part of historic milestones for a Formula One team such as our diversification into new business areas and our IPO in 2011. The Group is making good progress towards its objective of reinvigorating our Formula One performance, exemplified by a very positive 2014 season, so this feels like the right time to hand over the reins as I seek new challenges in my career. I wish Alan the best of luck in his new role." Sir Frank Williams, Founder and Team Principal, said; "Louise Evans has given Williams great service over the past decade and she has been a central figure in the expansion of the business. She will be missed personally and professionally and I wish her the very best of luck for the future." Speaking about his appointment as CFO Alan Kinch said; "I am very excited to be joining Williams at this point in its journey. It is a privilege to be part of a company with such an illustrious history and I firmly believe that Williams has a bright future ahead, not only on the track but also in the development of the Williams Advanced Engineering business. I look forward to working closely with Mike and the rest of the Board to ensure the company fulfils its potential." Mike O'Driscoll, Group CEO, added; "Alan is a highly experienced and respected figure in the corporate world of finance and we are fortunate to have someone of his calibre take on the position of CFO for Williams. As a Group we have embarked on an ambitious journey to reinvigorate our Formula One team, build a strong Advanced Engineering business, and divest non-core operations. We are investing for the future and Alan will play a crucial role in guiding the Group through this transitionary period and beyond. I would also like to take this opportunity to pay tribute to our outgoing Finance Director Louise Evans. Louise has played an important role in guiding Williams through landmark events such as our IPO and the global economic downturn in 2008. I wish her the best of luck in her future endeavours." -Ends- Notes to Editors Williams Grand Prix Holdings PLC Williams Grand Prix Holdings PLC is the holding company of the Williams group of companies ("Group") which includes Williams Grand Prix Engineering Limited. The Group employs over 600 people, and generates its revenues from its long standing Formula One business and its more recently developed Advanced Engineering operation. The Group's aim is to be a championship-winning Formula One team and a world-class engineering and technology business generating consistent and satisfactory returns for its shareholders. Williams Grand Prix Engineering Limited Williams Grand Prix Engineering Limited's core competencies are the design and development of racing cars to compete in the Formula One World Championship. As one of the world's leading Formula One teams, the company has secured 16 FIA Formula One World Championship titles since its foundation in 1977. Nine of these titles have been won in the Constructors' Championship in association with Cosworth, Honda and Renault. The remaining seven titles were won in the Drivers' Championship with Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill and Jacques Villeneuve. WGPE continues to develop by adapting its intellectual property and rapid development skills in projects outside Formula One under the trading name Williams Advanced Engineering. Williams Advanced Engineering Williams Advanced Engineering is the brand that is used for all Group activity outside of the Formula One team, with projects focused on the exploitation of Williams' brand, intellectual property and know how. Williams Advanced Engineering harnesses Formula One derived technology, development pace and knowledge to deliver highly innovative products and services to the motorsport, automotive, transport, aerospace and energy sectors. Working in close collaboration with its customers, Williams Advanced Engineering helps them meet the sustainability challenges of the 21st century and improve their performance, market position and brand image. Media Contact James Francis Corporate Communications Manager M +44 (0) 7788 317 639 james.francis@williamsf1.com
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26.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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288939 26.09.2014
