REG - STV Group PLC - Directorate Change

STVAnnouncement

01/05/2024 16:15

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RNS Number : 8844M  STV Group PLC  01 May 2024

 

STV Group plc

LEI: 21380075GOOTTBDNDJ58

1 May 2024

 

DIRECTORATE CHANGES

STV Group plc announces that, as planned, Ian Steele has stepped down from the
Board as Non-Executive Director and Chair of the Audit & Risk Committee at
the conclusion of the Annual General Meeting today, having served for more
than eight years.

Following on with immediate effect, Simon Miller, Senior Independent Director,
is appointed as Chair of the Audit & Risk Committee on an interim basis
pending the appointment of a successor to Ian Steele to be announced in due
course and Naomi Climer, Non-Executive Director and Chair of the Remuneration
Committee, is appointed to the Nomination Committee.

Following the announcement earlier this year that Simon Pitts will step down
from his role as Chief Executive Officer to take up a new appointment
beginning in Q1 2025, it is confirmed that he will leave the business on 1
November 2024.  Until his departure Simon continues to be focused on the
delivery of the Company's strategy and targets and on ensuring the effective
transition of his responsibilities.

The process to appoint a successor is underway and a further update will be
issued in due course.

This announcement is made pursuant to Listing Rule 9.6.11 and LR 9.6.12.

Paul Reynolds, Chairman, said:

"I would like to thank Ian for his outstanding contribution as a member of the
Board. Ian's financial expertise, constructive challenge and unstinting
support have been invaluable to STV over the past eight years.

"Following the announcement in March that Simon Pitts will step down to take
up a new appointment, it is confirmed that Simon will leave on 1 November.
Simon has been - and is - a first-class CEO.   He is the architect of the
strategy that has re-shaped STV so profoundly and effectively over the last
six years; but more than that he has shown the operational and leadership
skills to make an ambitious strategy happen. He leaves with our gratitude and
very best wishes for his new role.  The process to appoint a successor to the
CEO is underway and an update will be confirmed in due course."

 

Enquiries:

STV Group plc: Kirstin Stevenson, Head of Communications            Tel:
07803 970 106

 

Camarco:  Geoffrey Pelham-Lane, Partner
               Tel: 07733 124 226

Ben Woodford,
Partner
 
Tel: 07790 653 341

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