27 June 2014
DIALIGHT plc
Appointment of Group Finance Director
The Board of Dialight plc ("Dialight" or the "Group") announces that it has appointed Fariyal Khanbabi as Group Finance Director with effect from 29 September 2014.
Fariyal joins Dialight from Blue Ocean Group, an independent privately owned £4bn revenue fuel trading and distribution business, where she has been Chief Financial Officer since 2009. She has over 10 years of experience in senior financial positions, including roles at NYSE and Nasdaq-listed companies. Fariyal holds a BA (Hons) degree in Accounting and Economics from Leeds University and is a qualified accountant, holding an ACA.
Kevin Higginson, who has been Dialight's Interim CFO since 21 January 2014, will leave the Group on 21 July 2014, following the announcement of the Group's Half Year Results. From that date, the senior finance role at Dialight will be assumed by Paul Haworth, Group Financial Controller, pending Fariyal's appointment on 29 September 2014.
Roy Burton, Group Chief Executive, said: "I am delighted to welcome Fariyal to Dialight. She brings substantial relevant and complementary experience which will enable her to make a positive contribution to the business. I would also like to thank Kevin, who has provided invaluable support over the last few months".
Contacts:
Dialight PLC |
Bill Ronald - Chairman |
Roy Burton - Group Chief Executive |
Tel: 01638 778641 |
Canaccord Genuity Limited |
Simon Bridges |
Tel: +44 (0) 20 7523 8000 |
FTI Consulting |
Nick Hasell |
+44 (0)20 3727 1234 |
Notes:
Fariyal's previous publicly quoted company directorship in the last 5 years was with Britannia Bulk Holdings Inc. This company went into Chapter 15 bankruptcy in the USA on 11 June 2009.
She was previously a director of Britannia Bulk plc, Brit Bulk UK Holdings plc and Britannia Bulk Finance Limited. She resigned from Britannia Bulk plc in November 2008 and Brit Bulk UK Holdings plc and Britannia Bulk Finance Limited in March 2009. Administrators were appointed to Britannia Bulk plc on 10 November 2008 and on 23 March 2009 at Britannia Bulk Finance Limited. Liquidators were appointed to Brit Bulk UK Holdings plc on 16 November 2009. Each company is currently undergoing a Creditors' Voluntary Liquidation.
There are no other matters to be disclosed pursuant to rule 9.6.13 of the UK Listing Rules.
About Dialight plc
The Group comprises the following business segments:
Lighting, which addresses the increasing demands for Energy Efficient Lighting solutions for industrial/hazardous locations;
Signals, which covers Traffic, Transportation and Obstruction signals; and
Components, whose sales are primarily to Electronics OEMs for status indication.
The company is headquartered in the UK with operating locations in Australia, Brazil, Denmark, Germany, Malaysia, Mexico, Russia, Singapore, UAE, the UK and the USA. More information is available at www.dialight.com
