REG - Costain Group PLC - Directorate Change

CostainAnnouncement

27/09/2022 07:00

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RNS Number : 7027A  Costain Group PLC  27 September 2022

 

 

Costain Group PLC

27 September 2022

 

 

Appointment of Chair Designate and Non-Executive Director

 

 

Costain Group PLC ("Costain" or the "Group") is pleased to announce that Kate
Rock will be appointed to the Board on 1 November 2022 as an independent
Non-Executive Director and Chair Designate and will assume the role of Chair
from 1 December 2022. The Group announced on 9 March 2022 Paul Golby's
intention to step down from the Board as Chair and non-executive director once
the search for a successor had been concluded. Paul will remain in his current
position as Chair until 1 December 2022.

 

As well as her role as Chair Designate and Non-Executive Director, Kate will
be appointed to the Nomination Committee of the Board on 1 November 2022 and
will become Chair of that committee on 1 December 2022 when she assumes the
role of Chair of the Board.

 

Since 2020, Kate has been senior independent director of Keller Group plc,
having been appointed a non-executive director in 2018. Kate is a senior
adviser at Instinctif Partners, an international business communications
consultancy, and previously a managing partner of its predecessor College Hill
Associates. She is also, until January 2023, a Member of the House of Lords
Select Committee for Science and Technology. Kate is a non-executive director
of Unbound Group plc, an AIM listed company and was previously a non-executive
director of Imagination Technologies plc.

 

Tony Quinlan, Senior Independent Director, said: "Having conducted an
extensive search process, we are delighted to welcome Kate to the Board of
Costain where she will support the Group in the next stage of its
transformation. She brings a strong understanding of the construction
contracting sector, the application of innovation and technology to drive
productivity enhancements, and of government. Her background in corporate
communications and strategy, as well as her natural energy and new ideas, will
support the acceleration of our transformation.

 

"On behalf of the Board and Company, I would also like to thank Paul for his
considerable contribution to Costain for over six years. He has led Costain
through a period of significant change and leaves the Group in a strong
position for the future. We wish Paul all the very best."

 

Baroness Rock said: "I am delighted to be appointed to the role of Chair at
Costain and to be joining a team with a clear strategy and history of delivery
in the growing UK infrastructure market. I look forward to contributing to the
next stage of the Group's development."

Paul Golby commented: "I have been proud to serve as Chair of Costain for more
than six years. I am confident that the strong progress made will ensure
Costain continues to fulfil its purpose to improve people's lives through
connected, sustainable infrastructure. I wish Kate every success."

 

There is no further information required to be disclosed under LR 9.6.13R of
the Listing Rules.

Enquiries

 

 Investors and analysts                                          paul.sharma@costain.com
 Paul Sharma, Costain                                            +44 7867 501188

 Financial media - Headland                                      costain@headlandconsultancy.com (mailto:costain@headlandconsultancy.com)
 Andy Rivett-Carnac                                              +44 7968 997 365

 

 

Notes to editors

 

Costain helps to improve people's lives by creating connected, sustainable
infrastructure that enables people and the planet to thrive. We shape, create
and deliver pioneering solutions that transform the performance of the
infrastructure ecosystem across the UK's transport, energy, water, and defence
markets.

 

We are organised around our customers anticipating and solving their
challenges and helping to improve performance. By bringing together our unique
mix of construction, consulting and digital experts we engineer and deliver
sustainable, efficient and practical solutions.

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