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De La Rue Appoints Martin Sutherland As Chief Executive(dpa-AFX International Compact Via Acquire Media NewsEdge) ARLINGTON (dpa-AFX) - De La Rue Plc. (DLAR.L) said Friday that it has appointed Martin Sutherland as its Chief Executive. Martin will take up his position and join the Board as an executive director no later than 13 October 2014. Martin joins from BAE Systems Applied Intelligence, where he has been Managing Director since its acquisition by BAE Systems in 2008. At BAE Systems Applied Intelligence (formerly Detica), Martin has been responsible for the strategic expansion of the business internationally through both organic growth and a number of acquisitions. Martin joined Detica in 1996 and during his career there has developed considerable understanding and experience of working with government customers around the world. Prior to Detica, Martin served for Andersen Consulting (now Accenture) and British Telecom. Commenting on Martin Sutherland's appointment, Philip Rogerson, De La Rue Chairman said, "Once Martin has joined the Company I shall resume my role as non-executive Chairman and Colin Child will revert to his Group Finance Director role." In February, De La Rue said Tim Cobbold, its Chief Executive, had tendered his resignation as Chief Executive and a director of the company to enable him to accept an appointment as Chief Executive of UBM Plc. (UBMJF.PK, UBM.L). Following Cobbold's resignation, Philip Rogerson, non-executive Chairman, would be appointed Executive Chairman until a new Chief Executive joins the Board. Copyright RTT News/dpa-AFX |