It has a strong track record of achieving results and providing solutions through performance improvement and the effective execution of organic and inorganic growth strategies.

Simon Pryce served as CEO of Ultra Electronic Holdings plc for over four years, which was acquired by Advent in August 2022. Previously, he was Group Chief Executive at BBA Aviation plc for 10 years, and prior to that, he held a number of international management and finance positions. Pryce has served as a non-executive director of RS since 2016 and as chairman of the company's remuneration committee since 2019.

Simon Pryce states: "RS is a company I have admired both as a member of its board and, indirectly, as a customer for quite some time. RS has delivered excellent results in recent years. However, what excites me most is the significant potential of this company, with its people and culture. I look forward to the opportunity to work with David and our colleagues around the world to drive the group's growth, further improve operational execution, and continue to evolve RS's high-performance culture."

Effective immediately, Pryce will step down from all board committees of which he is a member. Joan Wainwright will replace Pryce as chair of the remuneration committee.