Colt Group S.A. resignation and appointment of non-executive Directors


Colt Group S.A. announced today that with effect from 31 December 2011 Richard Walsh will step down as a member of the Board and Remuneration Committee. He was appointed to the Board and Remuneration Committee of Colt on 1 June 2005 and served as a non-executive Director. Mr Walsh is an employee of FMR, a Fidelity related company, a major shareholder of Colt.

Vincenzo Damiani, the Chairman of the Remuneration Committee said, “Dick has made a fantastic contribution to the Remuneration Committee. Colt has benefited from his extensive HR knowledge and wisdom over the years.”

Tim Hilton, Chairman said; “On behalf of the Board I would like to extend my thanks to Dick for his valued guidance, support and hard work over the last six years.”

Colt also announced today that Michael Wilens will join the Board as a non-executive Director on 1 January 2012. Mr Wilens has served as President of FMR’s Asset Management and Enterprise Technology and Operations divisions and was previously CEO of Thomson Reuters North American Legal division, CTO of Thomson Reuters and CEO of Legion, a global telecom provider. He is an employee of FMR.

Tim Hilton said: “We are delighted to welcome Mike to the Board of Colt. He brings extensive experience in the financial services and information and technology sectors which will be invaluable to Colt.”

There are no matters requiring disclosure in accordance with Listing Rule 9.6.13 in respect of Mr Wilens’ appointment as a Director of the Company.

Note to editors: with effect from 1 January 2012 the members of the Remuneration Committee of Colt will be Vincenzo Damiani (Chairman), Andreas Barth and Gene Gabbard.

Enquiries:

Gill Maclean
DDI: +44 (0) 20 7863 5314
Email: gill.maclean@colt.net

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