REG - Alumasc Group Plc - Directorate Change

AlumascAnnouncement

04/10/2024 07:00

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RNS Number : 9083G  Alumasc Group PLC (The)  04 October 2024

IMMEDIATE RELEASE

4 October 2024

THE ALUMASC GROUP PLC

("ALUMASC" or the "GROUP")

STRATEGIC HIRE IN WATER MANAGEMENT DIVISION

Alumasc (ALU.L), the premium sustainable building products, systems and
solutions group is pleased to announce a strategic hire to improve the depth
and strength of its operational management team. David Adams will join as
Managing Director of Alumasc's Water Management division and a member of its
divisional operating board on 16 December 2024.

David brings significant senior leadership experience and a track record of
successfully growing sales, including exports, and improving operational
efficiency and customer service, most recently as Chief Executive Officer of
Mabey Hire Ltd. David's previous experience includes Divisional Managing
Director roles at RMD Kwikform and Knauf Insulation.

Water Management is Alumasc's largest division, comprising 48% of Group
revenue, and has achieved 12% compound annual growth in underlying operating
profits over the last five years.

Paul Hooper, Alumasc's Chief Executive, has been acting Managing Director of
Water Management since 2019, and will hand over his interim divisional
responsibilities to David.

Paul Hooper, Chief Executive said "I'm delighted to welcome David to Alumasc.
Alumasc's Water Management division has grown significantly over the past five
years and this addition to our team will support continuing strong momentum
for that business. David has proven experience in delivering growth throughout
his career and will, I'm sure, make a very positive contribution."

 

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014),
as it forms part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR") prior to its release as part of this announcement and is
disclosed in accordance with the Company's obligations under Article 17 of
those Regulations. The person responsible for making this announcement on
behalf of the Company is Helen Ashton, Group Company Secretary.

 

Enquiries:

 

 The Alumasc Group plc                              +44 (0)1536 383844

 Paul Hooper (Chief Executive)

 Simon Dray (Group Finance Director)

 Peel Hunt (Broker)                                 +44 (0)207 418 8831

 Mike Bell

 Ed Allsopp

 Cavendish Capital Markets Ltd (Nominated Adviser)  +44 (0)207 220 0561

 Julian Blunt

 Edward Whiley

 Camarco (Financial PR)                             alumasc@camarco.co.uk (mailto:alumasc@camarco.co.uk)

 Ginny Pulbrook                                     +44 (0)203 757 4992

 Rosie Driscoll

 Tilly Butcher

 

Notes to Editors:

Alumasc is a UK-based supplier of premium sustainable building products,
systems and solutions. Almost 80% of Group sales are driven by building
regulations and specifications (architects and structural engineers) because
of the performance characteristics offered.

The Group has three business segments with strong positions and brands in
their individual markets. The three segments are: Water Management; Building
Envelope; and Housebuilding Products.

 

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