RWS, a prominent UK-based provider of technology-enabled language services, announced that CEO Ian El-Mokadem intends to step down from his role in early 2025. El-Mokadem, who has led the company through significant transformations, will remain with RWS until his departure to ensure a smooth transition. The board has already begun the search for his successor and will provide further updates as the process unfolds.
Chair Julie Southern expressed gratitude for El-Mokadem’s leadership during a pivotal time for the business and its industry. “Ian’s commitment to the group is evident in his decision to remain fully focused on RWS while facilitating an orderly succession process,” she said. Southern highlighted the considerable progress made under his leadership, particularly in strengthening the company’s strategic position.
Reflecting on his tenure, El-Mokadem shared his pride in the achievements of RWS over the past few years. “We have successfully integrated RWS and SDL, defined our purpose and values, expanded our solution offerings, invested in a more efficient growth platform, and cultivated a more unified culture,” he remarked. El-Mokadem believes that now is an appropriate time for his announcement, allowing ample time for an orderly succession.
The news of El-Mokadem’s departure comes at a challenging time for RWS. The company recently reported a 4% decline in revenue to GBP 350 million for the six months ending March 31, 2024, compared to GBP 366.3 million the previous year. Adjusted pretax profit is expected to drop by 17% to GBP 45 million, partly due to weaker performance in higher-margin business areas. Despite these challenges, RWS remains optimistic about the second half of the year, anticipating revenue improvement driven by its business initiatives and AI offerings.
RWS, whose shares are traded on the London Stock Exchange, ranks third in the 2024 Nimdzi 100, a prominent ranking of language service providers.
As RWS navigates this transition, the focus will be on maintaining stability and building on the foundation laid during El-Mokadem’s tenure. His leadership has been instrumental in positioning RWS for future success, and the board’s prompt action in seeking a new CEO underscores their commitment to continuity and growth.
