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Edwards Group Limited Announces Non-Executive Director Changes

CRAWLEY, WEST SUSSEX, United Kingdom, Aug. 29, 2012 (GLOBE NEWSWIRE) -- Edwards Group Limited (Nasdaq:EVAC) ("Edwards" or the "Company") announces the appointment of Rick Medlock, Bob McGuire and Dominique Fournier as non-executive directors of the Company with effect from September 1, 2012. At the same time, Greg Brenneman will step down from the Board with effect from September 1, 2012.

Rick Medlock, as an independent non-executive director, will also chair the Audit and Risk Committee with effect from October 1, 2012. The current chairman of the Audit and Risk Committee, John Lewis, will step down from the committee but will remain on the Board. As a result of these changes, all members of the committee will be independent non-executive directors, thereby meeting the requirements of the Securities and Exchange Commission and NASDAQ Stock Market.

Bob McGuire and Dominique Fournier will join the Board as non-independent non-executive directors representing CCMP Capital, one of the Company's major shareholders. Bob McGuire will also be appointed as chairman of the Remuneration Committee. 

Nick Rose, Chairman of Edwards, commenting on the appointments said, "I am very pleased that Rick, Bob and Dominique have agreed to join our Board at this exciting time for Edwards. I have no doubt that their valuable experience will result in a strong contribution to the Board's discussions. Rick's experience gained as Chief Financial Officer in both US and UK listed companies will also bring the necessary skills required to chair our Audit and Risk Committee. I would also like to thank Greg for his significant contribution to Board discussions over the last three years and for playing a key role in guiding Edwards through to IPO in May this year."

Biographies of New Board Members

Rick Medlock

Rick has been Chief Financial Officer at Inmarsat plc, the London Stock Exchange listed mobile satellite communications company, since September 2004. Prior to joining Inmarsat he spent eight years as Chief Financial Officer of NDS Group plc, a provider of digital technology solutions which was listed on NASDAQ and Euronext. Rick is a non-executive director of Cheapflights Media Limited and is chairman of their audit committee. He is a Fellow of the Institute of Chartered Accountants of England and Wales and holds an MA in Economics from Cambridge University.

Stock quotes in this article: EVAC 

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