SPIRENT COMMUNICATIONS PLC
CHANGE OF CHIEF EXECUTIVE
London, UK - 3 September 2013: Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, today announces that Bill Burns, Chief Executive Officer, will step down from the Board and leave the Company with immediate effect.
Eric Hutchinson, Chief Financial Officer, will become Chief Executive Officer whilst continuing to oversee our highly experienced finance team. Bill will assist with making this a smooth transition.
The Board, with a view to the long term, will in due course retain consultants to undertake an extensive search for a new Chief Executive Officer.
Alex Walker, Chairman, said "On behalf of the Board, I would like to thank Bill for his hard work and stewardship of our Company over the past five years and wish him every success in the future".
Mr Burns will receive payment in accordance with his contractual arrangements.
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Enquiries
Eric Hutchinson, Chief Executive Officer |
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Spirent Communications plc |
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+44 (0)1293 767676 |
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James Melville-Ross/Sophie McMillan/ Emma Appleton |
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FTI Consulting |
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+44 (0)20 7831 3113 |
About Spirent Communications plc
Spirent Communications plc is a global leader in test and measurement inspiring innovation within development labs, communication networks and IT organisations. We enable today's communication ecosystem as well as tomorrow's emerging enterprises to deploy life enriching communications networks, devices, services and applications Further information about Spirent Communications plc can be found at www.spirent.com.
Spirent Communications plc Ordinary Shares are traded on the London Stock Exchange (ticker: SPT). The Company operates a Level 1 American Depositary Receipt ("ADR") programme with each ADR representing four Spirent Communications plc Ordinary Shares. The ADRs trade in the US over-the-counter ("OTC") market under the symbol SPMYY and the CUSIP number is 84856M209. Spirent ADRs are quoted on the Pink OTC Markets electronic quotation service which can be found at www.pinksheets.com.
Spirent and the Spirent logo are trademarks or registered trademarks of Spirent Communications plc. All other trademarks or registered trademarks mentioned herein are held by their respective companies. All rights reserved.
Cautionary statement regarding forward-looking statements
This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.
