AMEC Announces Appointment of New Chairman

10/12/2003


London, United Kingdom (11 December 2003) - AMEC plc, the international engineering services company, today announces the appointment of a new chairman, Jock Green-Armytage, 58, who will assume the role on 21 January 2004.

Mr Green-Armytage, for many years a director and non-executive director of NM Rothschild & Sons Limited, has a long track record in the investment banking and private equity sectors. When at NM Rothschild, he was one of the bank's senior corporate financiers and was a director of its asset management business in the 1990s.

He has held senior positions at the highest level in business and industry including chief executive of Guthrie Corporation PLC, an industrial holding company, joint chairman and chief executive of the oil and gas exploration company Kelt Energy plc, and chief executive and non-executive deputy chairman of William Baird plc. He was also a non-executive director of the UK electricity company Norweb from its incorporation until its takeover.

A non-executive director at AMEC since 1996 and currently chairman of its audit committee and its senior non-executive director, Mr Green-Armytage is also chairman of the private equity company JZ International Limited and its affiliated businesses and a director of JZ Equity Partners PLC and a number of other companies.

Mr Green-Armytage's appointment follows an extensive search, AMEC said.

"After reviewing a range of candidates, both internal and external, we concluded there was no better man for the job," said Sir Peter Mason KBE, AMEC chief executive.

"Jock Green-Armytage has been an invaluable adviser over the last seven years. His appointment brings continuity and an in-depth knowledge of AMEC, in addition to wide-ranging business experience and acumen. His knowledge of the energy sector, together with his background in the development of businesses, makes him a natural choice for the post of chairman as AMEC moves to the next phase of its growth and development."

The present chairman Sydney Gillibrand CBE retires on 21 January 2004.

"Sydney Gillibrand will be much missed, both personally and professionally," said Sir Peter Mason. "We have relied on his wise counsel through the many changes and developments of recent years, and he takes much credit for making AMEC the strong international business it is today."

Mr Gillibrand, who announced his plans to retire in August 2003, has served as a non-executive director since August 1995 and as chairman since July 1997.

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