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Equiniti Appoints Greene King's Philip Yea As Chairman From September

LONDON (Alliance News) - Payment and administration outsourcer Equiniti Group PLC said on ...

Alliance News 4 July, 2017 | 9:08AM
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LONDON (Alliance News) - Payment and administration outsourcer Equiniti Group PLC said on Tuesday it has appointed Philip Yea as chairman designate.

He joined the board on Monday as a non-executive director and will succeed Kevin Beeston as chairman when Beeston retires in September.

Yea has been chairman of pub operator Greene King PLC since May and is a senior independent director at Computacenter PLC. He is a non-executive director of Aberdeen Asian Smaller Companies Investment Trust PLC and Marshall of Cambridge (Holdings) Ltd, as well as an independent director and trustee of the Francis Crick Institute.

Equiniti said that Yea will retire as senior independent director of Vodafone Group PLC at its next shareholder meeting on July 28.

Before joining Greene King, Yea was chairman of Bwin.Party Digital entertainment PLC, before its purchase by GVC Holdings PLC, and was previously chief executive of 3i Group PLC and finance director at Diageo PLC and at Guinness PLC.

Equiniti Chief Executive Guy Wakeley said Yea has a "wealth of industry knowledge and I am sure that his wide expertise, business experience and personal qualities will contribute significant value as we progress with our next phase of growth and development".

Yea said that Equiniti is a "business that provides vital services to some of the biggest companies and organisations in the UK. It has a reputation for reliability, with strong customer relationships stretching back decades. I look forward to working with the board and Guy and his team and to being part of Equiniti's growth story and to helping deliver further value to customers, employees and shareholders".

Shares in Equiniti were down 0.4% to 255.25 pence on Tuesday.

By Maryam Cockar; maryamcockar@alliancenews.com; @MaryamCockar

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Equiniti Group PLC 223.40 GBX -0.18 -
Computacenter PLC 1,264.00 GBX -0.24 -
Greene King PLC 848.80 GBX 0.02 -
GVC Holdings PLC 889.80 GBX 1.02 -

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