Press release | 2017-01-18 15:19:55

RWS Holdings plc Appointment of Chief Executive Officer

January 2017

LONDON––RWS Holdings plc (“RWS”, “the Group”), the world’s leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, is pleased to announce that Richard Thompson will be appointed as Chief Executive Officer with effect from 1 April 2017, succeeding Reinhard Ottway who has decided to retire following more than 23 years with the Group.

Richard joined RWS in 2012 as Chief Financial Officer and, following a successful three years in that position, took on the broader role of Deputy Chief Executive Officer from December 2015. In this position, Richard has successfully spearheaded the acquisition and integration of CTi into the Group, following which he has continued to oversee the Group’s Life Sciences activities.

Richard’s appointment as Chief Executive Officer follows an extensive search process, which considered both internal and external candidates, as part of the Group’s ongoing succession planning. Richard will take up his new position from 1 April 2017, with Reinhard remaining in post until 31 March 2017, allowing for a comprehensive and smooth transition process.

The Board has commenced the search for a new Chief Financial Officer and will update on the progress of this search in due course.

Andrew Brode, Chairman of RWS, commented:

“Having considered a number of high calibre candidates, we are delighted to have appointed Richard as CEO. He brings strong experience of our industry as well as an excellent track record in successfully driving the Company’s growth, meaning we are well placed to continue executing RWS’s organic and acquisitive growth strategy.

“On behalf of the Board and in a personal capacity, I would like to extend sincere thanks to Reinhard for his invaluable contribution to the business over the past 23 years. After 5 years as CEO, he leaves the Group in excellent shape to continue its path of record performance and growth. I wish him well in retirement.

About inovia

inovia is the global leader in foreign patent filing, having served more than 1,500 clients. Its global instruction platform, inovia.com, simplifies the PCT national stage entry, direct (Paris Convention) filing and European validation processes. inovia, a member of the RWS Group, has headquarters in New York, offices in London, Munich and Sydney, and agents covering over 130 countries, providing support in all major time zones and IP jurisdictions. inovia's patented technology pioneered online foreign filing and is recognized among WIPO's most notable inventions. For more information visit www.inovia.com and follow the company on Twitter @inoviaIP.

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