Passport maker De La Rue names Clive Vacher to top role

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Passport maker De La Rue names Clive Vacher to top role
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Banknote and passport printer De La Rue Plc on Monday named Clive Vacher as chie...

FILE PHOTO: The corporate logo of De La Rue is seen at De La Rue Malta at Bulebel Industrial Estate in Zejtun, Malta April 24, 2018. REUTERS/Darrin Zammit Lupi/File Photo

- Banknote and passport printer De La Rue Plc on Monday named Clive Vacher as chief executive officer to replace Martin Sutherland, whose departure was announced in May after the company warned of a profit downturn for the year. The company, which last year lost the contract for Britain’s new blue passports, said it was continuing with reorganizing the business into two divisions - currency and authentication.

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