ME Group announces board member resignation

Published 03/12/2024, 19:08
ME Group announces board member resignation
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LONDON - ME Group International plc (LSE: MEGP), a provider of instant-service vending equipment, announced the departure of Camille Claverie from her position as a non-independent Non-Executive Director, effective from December 4, 2024. The news follows the company's broader strategy to diversify its focus and reflect its business strategy more accurately.

Sir John Lewis (JO:LEWJ) OBE, Non-executive Chairman of ME Group, expressed gratitude for Claverie's contributions during her tenure and extended the board's best wishes for her future endeavors. The company has not yet announced a successor for Claverie's role on the board.

ME Group, known for operating and servicing a variety of vending units across 18 countries, focuses on technological innovation in areas such as photobooths, unattended laundry services, digital printing kiosks, and food service vending equipment. The majority of the Group's equipment is owned and operated in-house, with site owners receiving a commission based on turnover.

The Group has a substantial network of over 650 field engineers who maintain and service the equipment, which is typically located in high-traffic areas like supermarkets, shopping malls, transport hubs, and administration buildings.

This change comes after the company, formerly known as Photo-Me International plc, rebranded to ME Group International plc in August 2022 to better represent its diversified portfolio and strategic direction. The company has been listed on the London Stock Exchange (LON:LSEG) since 1962.

The information regarding the board change is based on a press release statement from ME Group International plc.

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