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Volex appoints Nathaniel Rothschild as executive chairman

Reuters

(Reuters) - Power and data cables maker Volex Plc (VLX.L) said it appointed financier Nathaniel Rothschild as executive chairman with immediate effect.

The company said its non-executive directors decided that role of chairman and chief executive should be combined into an executive chairman position after a review of the board.

Volex added that interim CEO Geraint Anderson and non-executive director Karen Slatford had resigned.

The company, which designs and makes power cables for electronic devices, also said it would not be necessary to appoint a group CEO.

(Reporting by Muvija M in Bengaluru; Editing by Gopakumar Warrier)