RCDO Ricardo Plc

TIDMRCDO

RNS Number : 9279Z

Ricardo PLC

20 September 2022

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

20 September 2022

Ricardo Appoints New Chairman of the Board

Ricardo plc announces the appointment of Mark Clare as new Chairman, succeeding Sir Terry Morgan

Ricardo plc ("Ricardo") is delighted to announce the appointment of Mark Clare as its Chairman, effective from the close of its Annual General Meeting on 17 November 2022. Mark succeeds Sir Terry Morgan, who gave notice of his intention to retire earlier this year and will formally resign at the Annual General Meeting.

Mark brings to Ricardo substantial plc-level experience as well as energy, utilities and construction sectors expertise. He is currently non-executive chairman of Grainger plc, a UK-based residential property business, listed in London and a constituent of the FTSE 250 index. He is also senior independent director of Wickes Group plc and a non-executive director of Premier Marinas Holdings Limited. From 2006-2015, he was the CEO of Barratt Developments plc, a FTSE 100 house builder.

Mark Clare will join the Ricardo Board on 1 November as non-executive director and Deputy Chairman and a member of Nomination and Remuneration committees. This will allow for a smooth transition and induction process.

Malin Persson, Ricardo's senior non-executive director, said: "The Board is delighted that Mark has agreed to be the next Chairman of Ricardo. He has experience in leading and chairing publicly listed companies and brings a strong set of skills and experience to the role of Chairman. On behalf of the Board, I would also like to extend our thanks to Sir Terry for his excellent stewardship over the past 9 years, during which Ricardo has made considerable strategic progress."

Sir Terry Morgan, Ricardo's outgoing Chairman, added: "I am delighted that Ricardo has been able to attract Mark to join as my successor. The Board and the Group will greatly benefit from his significant business acumen, and I have no doubt that with his unparalleled experience in multi-industry businesses, he is ideally placed to support Ricardo in becoming a leader in environmental and energy transition solutions."

Information required under LR 9.6.13 R

Mark Clare is currently a director of the following UK listed companies: Grainger plc,

Wickes Group plc. He is also a non-executive director of Premier Marinas Holdings Ltd. During the last five years, he was formerly a director at United Utilities Group Plc and Ladbrokes Coral Group plc and was also the Chair Designate for Aggreko plc.

There is no other information concerning Mark Clare which requires disclosure under LR 9.6.13R of the Listing Rules.

About Ricardo

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and employing close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility. Our global team of consultants, environmental specialists, engineers and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Visit www.ricardo.com

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