06 July 2011: Cable & Wireless Worldwide plc (the “Company”) today announces the appointment of David Lowden as an additional Non-executive Director. The appointment will take effect from the conclusion of the Company’s Annual General Meeting on 21 July 2011. David Lowden is Chairman of Rice2 Limited, a privately held design and international sourcing company, and a Non-executive Director at Berendsen plc and at William Hill plc, where he chairs the Audit Committee.
David Lowden was until 2008 Chief Executive of Taylor Nelson Sofres plc having previously been Chief Operating Officer and Chief Financial Officer at that company. Prior to that he was Group Finance Director of Asprey plc. Mr Lowden is a chartered accountant.
David Lowden will serve on the Audit, Remuneration and Nomination Committees of the Company and it is anticipated that he will Chair the Audit Committee in due course.
There are no other disclosures required in respect of David Lowden pursuant to Rule 9.6.13 of the Listing Rules of the Financial Services Authority.
The Company also confirms that, following the Directorate changes announced in its Interim Management Statement on 28 June 2011, John Barton, Chairman, will chair the Nomination Committee and John Pluthero, Chief Executive Officer, will step down from that Committee. Such change takes place with immediate effect. Additionally, John Barton will step down from the Audit Committee when David Lowden’s appointment becomes effective on 21 July 2011.
The Company additionally confirms, to avoid any confusion, that Resolution 5 of the Notice of Meeting dated 23 May 2011 will not be put to the Annual General Meeting on 21 July 2011. The resolution concerned the re-election of Jim Marsh following retirement by rotation and is no longer relevant given his resignation from the Company on 28 June 2011.
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