RWS finance chief Des Glass hands in notice

The AIM-traded company’s board said it would commence an external search process for a successor to Glass, who has a six-month notice period, and would provide an update on the transition of roles as soon as it could.

In the meantime, Glass will remain in post.

“On behalf of the board, I would like to thank Des for his strong contribution to the business during his more than four years in the role of CFO,” said chief executive officer Ian El-Mokadem.

“Most recently, Des has played a significant role in the successful execution of the SDL acquisition and integration, which is now largely complete and firmly positions the Group for further growth and value creation.

“We wish him well in his new role and look forward to appointing a successor with the expertise to support the group as it capitalises on its expanded scale, footprint and capabilities following the acquisition of SDL.”

Des Glass himself said he was “extremely proud” of RWS and its achievements in recent years, adding that with the SDL integration largely complete, it was “the right time” to pursue his next opportunity.

“I look forward to supporting an orderly transition of the CFO role and I am confident that RWS will go from strength to strength as it continues to build on its successful and long standing track record.”

At 0948 GMT, shares in RWS Holdings were up 1.64% at 650p.