Electrocomponents CEO to take temporary leave of absence due to illness

British distributor of industrial and electronics products Electrocomponents said on Monday that chief executive officer Lindsley Ruth will take a temporary leave of absence while he receives treatment for a medical condition.

Electrocomponents expects Ruth to return to his position in the new year, following a short period of recovery.

In the interim, David Egan will assume Ruth's duties in addition to his role as chief financial officer.

Chairman Peter Johnson said: "Lindsley has significantly improved the performance of Electrocomponents over the past four years. We wish him a speedy recovery and look forward to welcoming him back to the business in full health.

"The business is in good shape. It is executing well against a clear strategy and the board has complete confidence in the strength of the senior management team under the direction of David Egan."

As of 0820 GMT, Electrocomponents shares were down 0.47% at 721.06p.