REG - Genuit Group PLC - Board updates

GenuitAnnouncement

08/03/2023 16:30

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RNS Number : 3439S  Genuit Group PLC  08 March 2023

8 March 2023

 

Genuit Group plc

 

Board updates

 

In accordance with FCA Listing Rule 9.6.11, Genuit Group plc (the 'Company')
announces that Mark Hammond, Non-Executive Director, Senior Independent
Director ('SID') and member of the Audit, Nomination and Remuneration
Committees, has today stepped down from his role as SID but has agreed to
remain on the Board beyond the completion of his nine-year term in April 2023.
Given Mr Hammond's extensive experience of the Group, the need to onboard two
new Non-Executive Directors and the requirement for an orderly handover, the
Board is of the view that an extension to Mr Hammond's term is in the best
interests of the Company. Having assessed Mr Hammond's independence, the Board
has confirmed that in their view, he remains an independent Non-Executive
Director of the Board and that his nine-year tenure does not impair his
ability to challenge independently.  The expectation is that Mr Hammond will
retire from the Board in October 2023.

 

Lisa Scenna will take over as SID with effect from 8 March 2023. Ms Scenna has
been a Non-Executive Director of the Company since September 2019 and is the
Chair of the Remuneration Committee and a member of the Audit and Nomination
Committees.

 

 

For further information please contact:

 

 

 

Emma Versluys                         +44 (0)1138
315315

Company Secretary

 

 

 

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