Meet our
Board of Directors

Appointment to the Board
Appointed to the Board on 2nd September 2019 and
became Chairman on 1st October 2019
Committees
Ethics Committee (Chairman)
Nomination Committee (Chairman)
Current directorships and business interests
Iris Software Group Limited, Non-executive director
Career, Skills and experience
Kevin has served on the boards of a broad spectrum of businesses, including as Chairman of Morse plc and as a non-executive director of Big Food Group plc and Nationwide Building Society. He has also held senior executive positions, including as Chief Operating Officer of Cable & Wireless plc and senior positions in Motorola and IBM. He was Managing Director of one of De La Rue’s businesses between 1997 and 1999.

Clive Vacher
Chief Executive Officer
Appointment to the Board
Appointed to the Board on 7 October 2019
Committees
Nomination Committee
Risk Committee
Career, Skills and experience
Clive has extensive experience in running complex P&Ls for global industrial companies in both the commercial and government/defence sectors. He has a track record of turnarounds, international business transformation and strategic development, including leading divisions of international corporations and stand-alone listed companies.
Clive was a Director, President and Chief Executive Officer of Canadian-listed Dynex Power, leading its privatisation sale to the Chinese Rail and Rolling Stock Company in March 2019. Previously, he held senior leadership positions with Pratt and Whitney, Rolls-Royce, General Dynamics Corporation and B/E Aerospace.
Clive is an alumnus of MIT, Stanford, Columbia and the LSE and currently sits on the Advisory Board of the Lincoln International Business School at the University of Lincoln, UK.

Chief Financial Officer
Appointment to the Board
Appointed to the Board on 1 October 2020
Committees
Risk Committee
Career, Skills and experience
Rob joined De La Rue as Interim Chief Financial Officer on 9 March 2020 and has since played a key role in securing the recapitalisation during 2020.
Rob was Interim CFO at Co-Op Insurance where he supported the sale of the business and its refinancing.
Prior to this he was CFO and Strategy & Risk Director at Swinton Insurance, transforming its cost base and business turnaround.
He is a Qualified Chartered Accountant with Arthur Andersen and has held a number of senior roles at Aviva, Standard Life and Ageas.

Maria da Cunha
Independent Non-Executive Director
Appointment to the Board
Appointed to the Board on 23 July 2015
Committees
Audit Committee
Ethics Committee
Nomination Committee
Remuneration Committee (Chairman)
Current directorships and business interests
Royal Mail plc, non-executive director
Community Integrated Care, trustee
Competition and Markets Authority, panel member
Career, Skills and experience
Maria has spent her career in a range of legal roles as a solicitor and in-house at Lloyds of London and since 2000, with British Airways where she is director of people and legal and is a member of the executive board, corporate security board and pensions strategy board.
Maria is experienced at working with international regulators and governments and has a deep understanding of operational risk, including cyber security, data and mobile risk. She also has significant geo-political, multi-channel distribution, acquisition and post-merger integration experience.

Nick Bray
Independent Non-Executive Director
Appointment to the Board
Appointed to the Board on 21 July 2016
Committees
Audit Committee (Chairman)
Ethics Committee
Nomination Committee
Remuneration Committee
Career, Skills and experience
Nick has extensive international experience in the technology and information security industries and for the last six years had served as chief financial officer of security software firm, Sophos Group plc. Before joining Sophos, he was chief financial officer at Micro Focus International plc, Fibernet Group plc, and Gentia Software plc. Prior to that, he held various senior financial positions at Comshare Inc. and Lotus Software.

Independent Non-Executive Director
Appointment to the Board
Appointed to the Board on 22 September 2020
Current directorships and business interests
- Penguin Portals Limited, chair
- Origami Energy Limited, chair
- Holiday Extras Limited, non-executive director
Career, skills and experience
Margaret Rice-Jones has extensive experience within innovative technology businesses, bringing particular expertise in software and digital platforms. She has an engineering background and has operated at Board level in a number of executive and non-executive roles. Margaret was chair of Skyscanner Limited from 2013 to 2016, when it was sold to CTrip for £1.4 billion, and a director of Xaar plc from 2015 to 2020, where she was the senior independent director and chair of the remuneration committee. Margaret was previously CEO of Aircom International Limited, a global software and services company and held senior executive positions at Motorola Networks Solutions Sector and Psion UK plc.

Independent Non-Executive Director
Appointment to the Board
Appointed to the Board on 22 September 2020
Current directorships and business interests
- GardaWorld Corp, member of the Global Advisory board
- Project Associates Limited, member of the Global Advisory board
- Chancellor of Warwick University
- non-affiliated Peer, House of Lords
Career, skills and experience
Baroness Ashton is a former British European Union (“EU”) Trade Commissioner, representing the EU in global trade negotiations. As EU High Representative she created the European External Action Service overseeing its 140 Diplomatic Missions and 8 military operations and she chaired the EU Foreign Affairs, Defence and Development Councils and was responsible for high profile negotiations on behalf of the UN Security Council. Baroness Ashton also held a non-executive position at AS Citadel Banka between 2016 and 2018.

Jane Hyde
General Counsel and Company Secretary
Appointment to the Board
Appointed as General Counsel on 20 January 2020 and as Company Secretary with effect from 22 January 2020
Committees
Risk Committee (Chairperson)
Career, Skills and experience
Jane has many years of experience as a general counsel and an adviser to publicly quoted businesses, with a particular focus on strategic projects and risk management. Her previous role was with Hikma Pharmaceuticals plc where she was Head of Corporate and European Legal. Prior to that, she spent a number of years in investment banking, with corporate broking and corporate finance roles at JPMorgan Cazenove and in regulatory compliance at Nomura International. She trained and practised as a corporate lawyer at Freshfields and is a qualified solicitor.