Appointment of Nick Prest as Chairman12 January 2006
AVEVA Group plc, one of the world’s leading providers of engineering data and design IT systems, today announces the appointment of Nick Prest, CBE to the Board of AVEVA with effect from 11 January 2006. He will serve initially as Deputy Chairman and will succeed Richard King, CBE as Chairman when he retires from the Board on 31 March 2006.
Nick Prest, 52 spent his early career (1974-81) at the Ministry of Defence before joining Alvis Plc in 1982 where he became Marketing Director in 1985. In 1989 he was appointed Chief Executive and also became Chairman of Avimo Group, an international electo-optics group headquartered and quoted in Singapore in which Alvis held 42.5% shareholding. He became Chairman of Alvis in 1996 and served as Chairman and Chief Executive until 2004.
In addition, Nick held a number of appointments in the wider defence industry, including serving as Chairman of the Defence Manufacturers’ Association and Vice Chairman of the Defence Industries Council.
Commenting on the appointment, Richard Longdon, Chief Executive of AVEVA, said: "On behalf of the Board, I would like to thank Richard King for his contribution to our development since the MBO in 1994. We greatly valued his unstinting support and wise counsel. We are delighted to welcome Nick Prest whose international experience will be an invaluable asset for the Company."
Nick Prest added: "I am delighted to take up the Chair at AVEVA. It is a business with a strong technical offering and market position which has made tremendous progress during Richard King’s tenure. I look forward to putting my experience in the engineering industry and international markets to work with Richard Longdon and the executive team to continue AVEVA’s success into the future."
This announcement confirms that in respect of Mr Prest’s appointment, no information is required to be disclosed pursuant to Listing Rule 9.6.13 R.