Reed Elsevier Names Nick Luff CFO - Quick Facts

(RTTNews) - Anglo-Dutch publishing and events company Reed Elsevier Plc (ENL, RUK, REL.L) announced the appointment of Nick Luff as Chief Financial Officer, who would join the firm from UK-based energy firm Centrica plc (CNA.L), where he has been CFO since 2007. Nick would take over in 2014 from Duncan Palmer, who announced his resignation in September 2013 and would leave the business when a hand-over has been completed.

Earlier to this, he was at P&O, the FTSE 100 logistics and shipping group, as well as its affiliated companies, including P&O Princess Cruises and Royal P&O Nedlloyd. While at P&O, he worked for 15 years in various senior finance positions, including CFO of the parent company for 7 years. Nick serves as a non-executive director of Lloyds Banking Group plc (LLOY.L, LYG). He was a non-executive director at QinetiQ Group plc (QQ.L), the defence, aerospace and security services company, until December 2010, and at Royal P&O Nedlloyd NV from 2003 to 2005.

Nick would be named to the boards of Reed Elsevier Plc, Reed Elsevier Group plc and Reed Elsevier N.V., subject to the approval of shareholders. The effective date of his appointment remains to be confirmed.