Volex plc announced that the Non-Executive Directors have reviewed the composition of the board and have determined that the role of Chairman and CEO should be combined into an Executive Chairman position. Nathaniel Rothschild has been appointed to this position with immediate effect. The company currently operates using a divisional CEO structure, and the board does not believe it is necessary to appoint a group CEO.

Geraint Anderson has made it clear that he steps down as a director as he ceases to be Interim CEO, and the board has accepted his resignation.  Karen Slatford, who is in her ninth year as a Non-Executive Director, has informed the board that she is also stepping down, and the board has accepted her resignation.