Global Invacom announces that after 16 years with the Company, Tony Taylor, Executive Chairman, has decided to step down as a member of the Board and executive director with immediate effect. The Board and the wider executive team would like to thank Tony for his tireless dedication and contribution to the Group, having joined the business in 2006, and wish him every success in all his future endeavours. Gordon Blaikie, Global Invacom's current Chief Operating Officer and an executive director, will assume the role of Interim Chief Executive Officer whilst the Group identifies a permanent replacement. In addition, Wayne Porritt, currently an Independent Non-Executive Director of the Company, will become Independent Non-Executive Chairman with immediate effect. The Board firmly believes that the combined skills and competences of both Gordon and Wayne, together with the wider executive team, provides the Group with an ideal blend of operational and fiscal control until a suitable candidate joins the business. Subsequent to Tony's stepping down as an executive director, he will also cease to be a member of the Nominating Committee with immediate effect. The revised composition of the Board and Board Committees is as set out below after the below details Board of Directors: Mr. Wayne Robert Porritt - IndependentNon-ExecutiveChairman, Mr. Gordon Blaikie - Executive Director and Interim Chief Executive Officer Mr. John Lim Yew Kong - Lead Independent Director, Mr. Cosimo Borrelli - Independent Director, Mr. Kenny Sim Mong Keang - Non-Independent Non-Executive Director. Audit and Risk Committee: Mr. John Lim Yew Kong Chairman, Mr. Cosimo Borrelli Member, Mr. Wayne Robert Porritt Member.
Nominating Committee: Mr. Cosimo Borrelli Chairman, Mr. John Lim Yew Kong Member, Mr. Wayne Robert Porritt Member, Nominating Committee:
Mr Cosimo Borrelli Chairman, Mr. John Lim Yew Kong Member, Mr. Wayne Robert Porritt Member. Remuneration Committee: Mr. Wayne Robert Porritt Chairman, Mr. Cosimo Borrelli Member, Mr. John Lim Yew Kong Member.