Headlam Group PLC Directorate Change
RNS Number : 2649O
Headlam Group PLC
07 October 2021
7 October 2021
Headlam Group plc
('Headlam' or the 'Company')
Headlam (LSE: HEAD), Europe's leading floorcoverings
distributor, announces that following an extensive executive career
with the Company, Steve Wilson, Chief Executive, has stepped down
from the Board and the Company. Chris Payne, Chief Financial
Officer, has become Interim Chief Executive while an independent
search process is carried out for a permanent Chief Executive.
Steve has been instrumental in the Company's success throughout
his 30 years with Headlam, the last five years as Chief Executive.
As Chief Executive, he instigated and has overseen the recent
business change strategy, ensuring Headlam is now firmly positioned
for both revenue growth and operating margin improvement. There is
no change to the expectations set out in the Company's interim
results announced in September 2021.
The Board is now looking for a successor to drive delivery of
the strategy, and focus on maximising the opportunities
Philip Lawrence, Non-Executive Chairman, said:
"It is impossible to convey how fundamental Steve has been to
Headlam's success. He was integral in the formation of Headlam,
overseeing the acquisition and growth strategy that has led it to
being a clear market-leader. Through his leadership and strategic
insight, Headlam now has more opportunity than ever before and is
well positioned to achieve its stated ambitions. We wish Steve the
very best following his extensive and highly successful executive
career, and offer our heartfelt gratitude for his contribution and
leadership to Headlam over the past 30 years."
Headlam Group plc Tel: 01675 433 000
Chris Payne, Interim Chief Executive Email: firstname.lastname@example.org
Catherine Miles, Director of IR
Investec Bank plc (Corporate Broker) Tel: 020 7597 5970
David Flin / Alex Wright
Panmure Gordon (UK) Limited (Corporate Tel: 020 7886 2500
Erik Anderson / Edward Walsh /
Alma PR (Financial PR) Tel: 020 3405 0205
Susie Hudson / Harriet Jackson email@example.com
/ Faye Calow
Notes for Editors:
Headlam is Europe's leading floorcoverings distributor,
providing the channel between suppliers and trade customers of
Headlam works with suppliers across the globe manufacturing a
diverse range of floorcovering products, and provides them with a
cost efficient and effective route to market for their products
into the highly fragmented customer base. Alongside
long-established processing and distribution expertise, suppliers
benefit from Headlam's marketing and customer servicing into the
most extensive customer base.
To maximise customer reach, Headlam operates 66 businesses
across the UK and Continental Europe (France and the Netherlands).
Each business operates under its own trade brand and utilises
individual sales teams while being supported by the Company's
network and centralised resources.
The Company's customer base covers both the residential and
commercial sectors, with the principal customer groups being
independent retailers and smaller flooring contractors alongside
other groups such as larger retailers, housebuilders, specifiers,
and local authorities.
Headlam is focused on providing customers with a market-leading
-- the broadest product offering;
-- unrivalled product knowledge and tailored solutions;
-- sales team and marketing support;
-- e-commerce support; and
-- nationwide delivery and collection service.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact firstname.lastname@example.org or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
(END) Dow Jones Newswires
October 07, 2021 02:00 ET (06:00 GMT)
Gráfica de Acción Histórica
De Oct 2021 a Nov 2021
Gráfica de Acción Histórica
De Nov 2020 a Nov 2021