Serco AMEAA division restructuring
18 June 2014
Serco Group plc (Serco), the international service company, today announces that its AMEAA division (Africa, Middle East, Asia and Australasia) will be restructured. The AMEAA regional management office in Hong Kong will be closed, and the Middle East business (led by David Greer) and the Australia, New Zealand and Asia business (led by Mark Irwin) will report to Rupert Soames, Group Chief Executive Officer, and to Ed Casey in his capacity as Group Chief Operating Officer. This will simplify and reduce the cost of our management structure.
The transition to the new structure is underway and an official handover will take place on 1 July 2014. The full transition is expected to be completed by the end of September 2014. The current AMEAA Chief Executive Officer David Campbell, who has already extended his service beyond his planned retirement date, will retire at the end of 2014 after more than 20 years distinguished service to the Group.
Rupert Soames, Serco Group Chief Executive Officer, said: "This change will simplify the management structure, reduce cost, and give our important growth markets in the Middle East and Australia greater visibility. I would like to thank the AMEAA Executive Team for their leadership and significant contribution to the Group's success. I would also like to wish David Campbell a long and happy retirement, and thank him for his contribution to Serco's success over many years."
Ends
For further information please contact Serco:
Stuart Ford, Head of Investor Relations T +44 (0) 1256 386 227
Marcus De Ville, Head of Media Relations T +44 (0) 1256 386 226
About Serco
Serco is an international service company, which combines commercial know-how with a deep public service ethos.
Around the world, we improve essential services by managing people, processes, technology and assets more effectively. We advise policy makers, design innovative solutions, integrate systems and - most of all - deliver to the public.
Serco supports governments, agencies and companies who seek a trusted partner with a solid track record of providing assured service excellence. Our people offer operational, management and consulting expertise in the aviation, BPO, defence, education, environmental services, facilities management, health, home affairs, information and communications technology, knowledge services, local government, science and nuclear, transport, welfare to work and the commercial sectors.
More information can be found at www.serco.com
Forward looking statements
This announcement contains forward looking statements. The terms "expect", "anticipate", "may", "should", "will" and similar expressions identify forward looking statements. By their nature, these forward looking statements are subject to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such statements. Factors which may cause future outcomes to differ from those foreseen in forward looking statements include, but are not limited to: general economic conditions and business conditions in Serco's markets; contracts awarded to Serco; customers' acceptance of Serco's products and services; operational problems; the actions of competitors, trading partners, creditors, rating agencies and others; the success or otherwise of partnering; changes in laws and governmental regulations; regulatory or legal actions, including the types of enforcement action pursued and the nature of remedies sought or imposed; exchange rate fluctuations; the development and use of new technology; changes in public expectations and other changes to business conditions; wars and acts of terrorism; and cyber-attacks. These forward looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, Serco expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in this announcement to reflect any change in Serco's expectations or any change in events, conditions or circumstances on which any such statement is based.
