Grafton Group PLC Appointment of NED and Chair Designate (0241A)
17 Enero 2024 - 6:00AM
UK Regulatory
TIDMGFTU
RNS Number : 0241A
Grafton Group PLC
17 January 2024
Appointment of Non-Executive Director
and Chair Designate
Grafton Group plc ("Grafton" or the "Company") is pleased to
announce the appointment of Mr. Ian Tyler as Independent
Non-Executive Director, Chair Designate and a member of the
Nomination Committee with effect from 1 March 2024. He will succeed
Mr. Michael Roney as Chair of the Board and the Nomination
Committee when Mr. Roney steps down from the Board at the
conclusion of the Company's Annual General Meeting ("AGM") on 2 May
2024.
Mr. Roney joined the Board on 1 May 2016 as Chair Designate and
assumed the role of Chair on 1 January 2017. He advised the Board
that, subject to completion of a search to appoint his successor,
he would not seek re-election at this year's AGM and the Nomination
Committee initiated a search for a new Chair under the leadership
of Mr. Paul Hampden Smith, Senior Independent Director.
Mr. Tyler is a highly experienced Chair and former Chief
Executive with wide-ranging experience across a range of
industries. He has deep board level experience gained as an
Executive Director, Board Chair and Non-Executive Director of
listed companies.
He is currently Non-Executive Director of Anglo American plc and
Synthomer plc and Chair of BMT Group Ltd, a privately owned design
and technical consulting firm and Affinity Water Ltd, a privately
owned business. He will be stepping down from his role with
Affinity Water Ltd during 2024 at a time to be agreed once his
successor has been appointed.
Mr. Tyler was previously Chair of Amey UK plc, Vistry Group plc,
AWE Management Ltd, Al Noor Hospitals Group plc and Cairn Energy
plc. He is a former Non-Executive Director of BAE Systems plc,
Cable & Wireless Communications plc, VT Group plc and
Mediclinic International plc.
Mr. Tyler's primary executive career was at Balfour Beatty plc,
a global infrastructure business that he joined in 1996 as Finance
Director of Balfour Beatty Group Ltd, its principal trading
subsidiary. He was appointed Group Finance Director of Balfour
Beatty plc in 1999, Chief Operating Officer in 2002 and Chief
Executive in 2005, a role he held until 2013.
In his early career, Mr. Tyler trained as a Chartered Accountant
with Arthur Andersen and held a finance role with Storehouse plc.
Prior to joining Balfour Beatty plc, he was Financial Controller of
Hanson plc and Finance Director of ARC Ltd, one of its principal
subsidiaries.
Mr. Paul Hampden Smith, Senior Independent Director commenting
on Chair succession said:
"Following the completion of a thorough process supported by an
international search firm, we are very pleased to have secured a
Chair of Mr. Tyler's calibre. He was the stand-out candidate for
the role and was appointed because of his strategic, commercial,
financial and Board experience gained over three decades at a
leadership level in a range of mainly large businesses. On behalf
of the Board, I am delighted to welcome Ian to Grafton.
Mr. Roney has a very distinguished track record in international
business and I would like to thank him for his leadership of the
Board. He has made a major contribution to the strategic
development of Grafton and the Board recognises and acknowledges
his influential role in the Company for the benefit of all
stakeholders. We extend our very best wishes to Mike for the
future."
Mr. Ian Tyler, Chair Designate commenting on his new role
said:
"I am delighted to be joining the Board of Grafton at this stage
in its development and look forward to working with the Board and
Mr. Eric Born, CEO.
I was attracted to the role of Chair because of the Group's
portfolio of high quality, high returning businesses, its excellent
financial position and the prospect of increasing shareholder value
over the coming years."
Mr. Michael Roney, Outgoing Chair commented:
"It has been a privilege for me to serve as Chair of the Grafton
Board and I am particularly proud of the successful execution of
the strategic plan, the creation of a strong and more diverse board
and the strengthening of the executive team.
I congratulate Mr. Tyler on his appointment as my successor. I
am confident that under his leadership of the Board and with Mr.
Eric Born as CEO, Grafton should continue to prosper and deliver
value for shareholders."
This announcement includes the information required by Listing
Rules 9.6.11 to 9.6.13, and there is no further information to
report under Listing Rule 9.6.13.
For further information please contact:
Charles Rinn
Secretary
Grafton Group plc
Telephone: +353 1 216 0600
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END
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