Source - GNW

Intermediate Capital Group plc (the "Company")

9 September 2016

Intermediate Capital Group plc - Directorate Changes

The Board of ICG is pleased to announce the appointment of Michael (Rusty) Nelligan as a Non-Executive Director with effect from 15 September 2016. From that date, he will act as Chairman of the Company's Audit Committee.

Kevin Parry, Chairman of the Company, said: "We are delighted to announce that Rusty Nelligan will join the Board as a Non-Executive Director.  Rusty has considerable expertise in the field of international financial reporting in the financial sector, gained throughout his career at PwC. He has specialised in advising large global boards.  His experience will broaden the knowledge at the Board table and he will provide significant direction and leadership to the Audit Committee."


Ian Stanlake

Investor Relations, ICG plc

+44 (0) 20 3201 7880

Andy Lewis

Company Secretary, ICG plc

+44 (0) 20 3201 7754


Until 2016, Rusty Nelligan was a partner with PwC, working for over 20 years as lead client partner for European-headquartered global companies in financial services and pharmaceutical life sciences, including US-listed foreign private issuers.  In this role he was responsible for direction, development and delivery of services for independent audits, assurance and advisory projects relating to areas such as corporate governance, internal controls, risk management, regulatory compliance, acquisitions and financial reporting. Rusty was employed by PwC LLP in the US from 1974 and seconded to Europe in 1994.  He is a US Certified Public Accountant and graduate of the University of Miami, Florida.

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Source: Intermediate Capital Group plc via Globenewswire