Capita Group Plc (CPI.L) announced that Chairman Eric Walters will stand down from 1 January 2010, Martin Bolland will become Chairman from 1 January 2010 and Executive Director Paddy Doyle will move to Non-Executive Director from 1 March 2010.
Eric joined Capita in 2000 and was appointed Chairman in 2006. Following nine years as Non-Executive Director and latterly Chairman, Eric has decided to stand down from the Board. It has been agreed that Martin Bolland will be appointed Chairman with effect from 1 January 2010. Martin joined the Board in 2008 and was appointed Senior Independent Director and Chairman of the Audit Committee later that year.
The Board has also considered the number of Independent Non-Executive Directors, specifically with relevant financial experience, and will be recruiting to add further Independent Non-Executive Directors to the Board. Whilst this process is taking place, Martin will continue as Chairman of the
Audit Committee and Senior Independent Director until an appropriate replacement is appointed.
Paddy joined Capita in 1992 and was appointed to the Board in 1994. In 2009 he moved to a part-time Executive position continuing with client facing activities and remaining an active member of the Board.
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