LONDON -- Marconi plc (London and Nasdaq: MONI) announces that Rob Meakin, Human Resources Director, has today resigned from the Board and will be leaving the Company on 31 March 2002. Neil Sutcliffe, a member of the Company's executive committee who is currently responsible for the Capital division within Marconi, will now also assume responsibility for HR. Mike Parton, Chief Executive of Marconi plc, announcing the change, said: 'We are sorry to be losing Rob and we are grateful for his contribution in his time with Marconi. However we are going through a well documented cost reduction exercise which has to be undertaken at all levels within the organisation. We are fortunate to have in Neil an experienced and highly regarded executive ready to take up this senior role. Neil has been responsible for the sale of the businesses from within our Capital division over the last six months, a task he has performed exceptionally well.' 'Rob has played a significant role in helping the new management team to restore stability to Marconi. I and the rest of the team wish him well in the future.' Marconi PLC