Titon Holdings PLC Appointment of CEO (2522T)
24 Marzo 2021 - 1:00AM
UK Regulatory
TIDMTON
RNS Number : 2522T
Titon Holdings PLC
24 March 2021
This announcement contains inside information.
24 March 2021
LEI: 213800ZHXS8G27RM1DD7
Titon Holdings Plc
Appointment of CEO
Titon Holdings Plc ("Titon" or the "Group"), a leading
international manufacturer and supplier of ventilation systems, and
window and door hardware, is pleased to announce the appointment of
Matthew Norris as Chief Executive Officer ("CEO"). Matthew will
take up the position of CEO and join the Board on 12 July 2021.
Mat brings extensive experience from his previous roles, firstly
at Ford Motor Company where he became a Program Leader and Product
Development Manager and then working for Philips Electronics in
their Consumer Lifestyle division, where he was Director of
Manufacturing and Engineering at their site in Suffolk. Mat then
worked for Johnson Matthey as General Manager at their Royston site
before most recently becoming Operations Director for Jim Lawrence
Lighting and Home, a manufacturer of high-end lighting and home
furnishings products based in Suffolk. Mat has led innovation and
delivered profitable growth and cultural change in all of his
leadership roles.
As announced on 30 October 2020, David Ruffell will step down as
CEO and leave Titon on 30 April 2021. Keith Ritchie, Executive
Chairman, will assume the CEO responsibilities on an interim basis
from 1 May 2021 until Mat joins the Group, assisted by the other
Executive Directors on the Board.
Keith Ritchie, Executive Chairman, said: "We are delighted to
welcome Mat to the Group. Following an extensive search and a
thorough evaluation of candidates, we are confident that Mat has
the skills and experience to lead Titon in the next stage of the
Group's development and to introduce innovation to drive growth in
all of our businesses."
Matthew Norris said: "I am delighted to be joining Titon at this
exciting time in its history, with the increasing importance of
good ventilation and energy efficient solutions. Titon has a great
range of products and a good presence across markets with strong
financial foundations. I look forward to meeting my new colleagues
and working with them and Titon's other stakeholders to lead
improvements across the business and enhance Titon's position as a
leading international manufacturer of ventilation systems and
window and door hardware. "
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Matthew James
Norris, aged 43, holds or has held in the past 5 years the
following directorships and partnerships:
Current directorships/partnerships Directorships/partnerships within
the last 5 years
Jim Lawrence Traditional Ironwork
Limited
----------------------------------
There is no further information required to be disclosed in
respect of the above appointment pursuant to Rule 17 and Schedule 2
(g) of the AIM Rules for Companies.
For further information please contact:
Titon Holdings Plc
Keith Ritchie Tel: +44 (0)7748
146834
Shore Capital (Nominated Adviser and Broker)
Edward Mansfield Tel: +44 (0)20 7408
Daniel Bush 4090
About Titon Holdings Plc
Titon is a leading international manufacturer and supplier of
ventilation systems and window and door hardware with a reputation
for quality products and high levels of customer service. Formed in
1972, the Group employs over 200 people, with 170 in the UK and 30
in South Korea. Titon is quoted on the AIM Market of the London
Stock Exchange under the TIDM "TON".
Titon has a strong presence in the UK residential ventilation
market with a comprehensive range of mechanical and natural
ventilation products and is also a leading supplier of window and
door hardware. The Group sells products into a range of European
markets, and the USA market is supplied through a wholly owned
subsidiary, Titon Inc. The Group has a joint venture in South Korea
with a local partner and has its own manufacturing facilities in
Seoul.
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END
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