LONDON - International Workplace Group plc (IWG), a leading provider of hybrid workspaces globally, has announced a forthcoming change in its board of directors. François Pauly is set to step down from his roles as Non-Executive Director, Senior Independent (LON:IOG) Director, and Chair of the Nomination Committee effective 31 December 2024.
Pauly has been a part of IWG’s board since 19 May 2015 and has contributed to the company’s growth as a dominant player in the flexible workspace sector. Douglas Sutherland, Chairman of IWG, expressed gratitude for Pauly’s contributions and support over his tenure, especially noting his role in the company’s expansion and leadership in the market.
Tarun Lal, who joined the board in May 2022, will assume the role of Senior Independent Director and Chair of the Nomination Committee on an interim basis. The company has confidence in Lal’s abilities to fulfill these responsibilities while the search for permanent candidates is underway. Sutherland remarked on Lal’s valuable input since joining the board and his readiness to take on his new duties.
The announcement did not disclose any additional information required under Listing Rule 9.6.13, indicating no further regulatory issues related to the changes. The company’s leadership transition comes as IWG continues to navigate the evolving landscape of flexible workspaces, a market that has seen significant growth in recent years.
IWG operates a range of flexible workspace brands including Regus, Spaces, HQ, Signature, and Worka, with a presence in over 120 countries. The company’s CEO Mark Dixon, CFO Charlie Steel, and Head of Investor Relations Richard Manning remain as key executive figures.
This news reflects the company’s ongoing efforts to maintain strong governance and leadership as it seeks to further solidify its position in the market. The information in this article is based on a press release statement.
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