Quinn will join the security printer at the end of March as chief executive designate, officially taking over from Muchs post on 31 May.
As chief operating officer of the production management division of process solutions group Invensys for three years, Quinn had responsibility for 11,800 staff in 43 countries and with sales of 1.3bn. Prior to that Quinn spent 16 years with engineering group Honeywell.
Quinn brings a wealth of experience in global business and this will serve him well, said De La Rue chairman Sir Brandon Gough.
Much retires after five and a half years at the group. Last month there were rumours that of a potential bid for the company by a venture capital firm after its share price jumped by 6.6% in one day (PrintWeek, 12 February).
Gough said: On behalf of the board, I should like to thank Ian Much for his significant contribution to the groups development over the last five and a half years and to wish him well in his retirement.
by Philip Chadwick
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