LONDON, UK: Diploma PLC has appointed David Lowden as an independent non-executive director and Chairman-designate.
David joined the Board as a non-executive director on 19 October 2021 and he will succeed John Nicholas as the Company’s Chairman at the conclusion of the AGM on 19 January 2022 when John will stand down from the Board having completed nearly nine years of service.
David is currently Chairman of PageGroup plc, and is Senior Independent Director at both Capita plc and Morgan Sindall plc. It is David’s intention to step down from the PageGroup board before the PageGroup 2022 AGM. David was previously CEO of Taylor Nelson Sofres, and has been Chairman at Huntsworth plc and a Non-Executive Director at Berensden plc and William Hill plc.
Commenting on the appointment, Johnny Thomson, CEO, said: “We are extremely pleased to have appointed David as Chairman Designate. This is an exciting time to join Diploma and he brings a wealth of knowledge from his extensive board experience in international service businesses. David’s strong financial, marketing and commercial skills and reputation with investors will be invaluable to the business in the next stage of our development and I very much look forward to working with him.
On behalf of the Board, I would also like to take this early opportunity to thank John Nicholas for the outstanding contribution he has made as Diploma Chairman over almost nine years of service. He has successfully guided the business through a period of strong growth and value creation, and we wish him well in the future.”
John Nicholas commented: “It has been a privilege to work with many talented colleagues over the last nine years to grow the Company from £600m market cap to c. £3.6bn today. I wish David, the Board and the Company every success in the future.”
David Lowden commented: “I am delighted to be joining Diploma, a high-quality business with a differentiated value-add proposition and compelling growth opportunity. I look forward to working with the Board and the management team to build on the Group’s strong track record.”
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