Caledonia Investments PLC Directorate Change (2624A)
23 Mayo 2023 - 1:00AM
UK Regulatory
TIDMCLDN
RNS Number : 2624A
Caledonia Investments PLC
23 May 2023
APPOINTMENT OF CHIEF FINANCIAL OFFICER
The board of Caledonia Investments plc ("Caledonia" or the
"Company") is pleased to announce that it has appointed Rob Memmott
as Caledonia's Chief Financial Officer with effect from 1 September
2023.
Rob, a chartered accountant, has over 20 years' experience in
senior financial leadership roles. He has significant listed
company experience, having previously served as CFO of Arrow Global
Group plc for seven years, which included its successful IPO, and
John Laing Group plc before its take private transaction with KKR.
Prior to this he was Finance Director of Leeds Bradford
International Airport and Alfred McAlpine Infrastructure Services
and CFO at Servisair-Globeground. Rob is also Treasurer and Pro
Chancellor of the University of Sheffield.
Tim Livett, Caledonia's current Chief Financial Officer who
advised Caledonia's board of his intention to retire in November
2022 once a suitable successor had been identified, will step down
as a director on 1 September 2023 and leave the Company on 31
October 2023, to enable a smooth handover with Rob.
Commenting on the appointment, Mat Masters, Caledonia's Chief
Executive Officer, said:
"We are delighted that Rob Memmott will be joining Caledonia. We
expect his listed company and finance experience, across a range of
industries and sectors will be highly complementary to our
management team."
"I would also like again to extend the board's thanks to Tim
Livett for his contribution to Caledonia and we wish him every
success as he pursues a portfolio of non-executive roles."
Rob Memmott said:
"I am excited to be joining Caledonia, a company with a
fantastic heritage built on a proven approach of investing in
high-quality assets to create long-term value. I look forward to
working with Mat and the team as we look to the opportunities
ahead."
23 May 2023
For further information please contact:
Caledonia Investments
plc +44 20 7802 8080
Mat Masters
Chief Executive Officer
Teneo +44 20 7353 4200
Tom Murray
Robert Yates
Notes:
1. Mr Memmott served as Chief Financial Officer of John
Laing Group plc before the company delisted on 23
September 2021. There are no further disclosures to
be made pursuant to LR 9.6.13.
2. Mr Memmott's remuneration package will be in accordance
with Caledonia's approved remuneration policy. No
special sign-on commitments or compensation payments
for loss of benefits from a previous employer will
be made in relation to his appointment.
3. Information required by section 430 (2B) of the Companies
Act 2006 relating to Mr Livett's cessation as a director
of the Company will be available on Caledonia's website
in due course.
END
Notes for editors:
Caledonia Investments plc
Caledonia is a self-managed investment trust company. Our aim is
to grow net assets and dividends paid to shareholders, whilst
managing risk to avoid the permanent loss of capital. We achieve
this by investing in proven, well-managed businesses that combine
long term growth characteristics with an ability to deliver
increasing levels of income. We hold investments in both listed and
private markets, covering a range of sectors and, particularly
through the listed and fund investments, have a global reach.
For additional information on Caledonia, please visit
www.caledonia.com .
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END
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May 23, 2023 02:00 ET (06:00 GMT)
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