Record plc announced that Neil Record, who founded Record in 1983, was CEO until 2010 and has subsequently served as Non-Executive Chairman, will be retiring from his role and from the Board at the conclusion of the Company's AGM in July 2023. The Board also announced the appointment of David Morrison as Non-Executive Director and Chair Elect, effective from 1 March 2023. David will be appointed as Chair following Neil's retirement.

David is currently Chairman of CPP Group and was a founding Partner of Palladian Investment Partners. His extensive career, initially in venture capital, has led to active involvement as a Director or Chairman of several private and public companies. David previously served as a Non-Executive Director of Record from 2009, including as Senior Independent Director from 2016 until 2018.

His experience leading other Boards and his knowledge of Record make him the ideal candidate. Record has a strong and diverse Board and this transition will provide continuity of support to the Executive Team.