Bank note printers De La Rue plc say non-executive director Gill Rider will step down in the summer.
Dr Rider, who is currently chairman of the Remuneration Committee, has served nine years at the firm and is expected to step down in July.
Her departure coincides with the appoint of two new non-executives, Maria Da Cunha and Sabri Challah.
Ms Da Cunha is currently director of People and Legal at British Airways plc and is a member of British Airways’ executive board.
Former Deloitte partner Dr Challah served as a member of the global and UK board at the professional services firm. He will replace Dr Rider as chairman of the Remuneration Committee.
Meanwhile De La Rue chief operating officer Rupert Middleon has been appointed to the board as an executive director.
Mr Middleton, a former group director of Manufacturing at Trinity Mirror, joined De La Rue in October 2011 and has transformed De La Rue’s manufacturing function through an operational excellence programme.
Warren East is due to step down as non-executive director at the company’s annual general meeting in July, and will be succeeded by Andrew Stevens as senior independent director and Victoria Jarman as chairman of the Audit Committee.
Philip Rogerson, chairman of De La Rue plc said: “On behalf of the Board I would like to thank Gill Rider and Warren East for their wise counsel and invaluable contribution during their time as Non-executive Directors, and their careful stewardship of the Remuneration Committee and Audit Committee respectively. We extend our very best wishes to Gill and Warren for the future.
“Maria Da Cunha and Sabri Challah bring highly relevant experience of strategy execution and change management which will enable them to make an excellent contribution to the Board at an exciting time for the business. I look forward to welcoming them to De La Rue. Rupert Middleton has a proven track record of driving productivity, quality and procurement improvements and his expertise will be an important asset to the Board.”