REG - Genuit Group PLC - Directorate Change

GenuitAnnouncement

05/04/2023 07:15

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RNS Number : 3914V  Genuit Group PLC  05 April 2023

5 April 2023

Genuit Group plc

Directorate changes

Genuit Group plc ("Genuit", the "Company" or the "Group"), a leading provider
of sustainable water and climate management solutions for the built
environment, today announces that Matt Pullen will step down from the Board
and as Chief Operating Officer on 28 April 2023. He will remain an employee of
the Company and available to the Board in an advisory capacity until 30 June
2023 to ensure an orderly handover of responsibilities, which will be
distributed amongst the senior leadership team. The Board does not intend to
appoint a successor.

The Company also announces that Martin Gisbourne, Group Strategy and Marketing
Director, will assume the newly expanded role of Chief Strategy and
Sustainability Officer and will lead the Company's sustainability journey, in
addition to his current focus on our acquisitions and partnership activity.

Kevin Boyd, Chairman, commented: "On behalf of the Board I'd like to thank
Matt for the contribution he has made to the Group over the last 18 months, in
strengthening our commercial processes and more recently in relation to our
refreshed strategy and development of the senior leadership team structure and
capability. We wish Matt well for the future."

Matt Pullen, Chief Operating Officer, commented: "It has been a privilege to
help lead the business through a significant period of transformation. Genuit
has strong foundations and is well placed to achieve the growth ambitions set
out in our strategy. I would like to thank the Board, the executive management
team and all of my colleagues and wish them every success."

Joe Vorih, Chief Executive Officer, commented: "I would like to personally
thank Matt for his hard work and leadership as we made significant
improvements over the past year, and for helping to position the Group for
continued success as he moves on. We wish him well in his future endeavours.

I would also like to congratulate Martin on his expanded role. Sustainability
sits at the heart of our Group strategy and this appointment will help us to
continue to progress against our objectives."

Enquiries:

  Genuit Group:                          +44 (0) 1138 315380

  Joe Vorih, Chief Executive Officer

  Paul James, Chief Financial Officer
  Brunswick:                             +44 (0) 20 7404 5959

 Dan Roberts

 

Notes to Editors:

Genuit Group plc ("Genuit", the "Company" or the "Group"), a leading provider
of sustainable water, climate and ventilation products for the built
environment, is the largest manufacturer in the UK, and among the ten largest
manufacturers in Europe, of piping systems for the residential, commercial,
civils and infrastructure sectors by revenue. It is also a leading designer
and manufacturer of energy efficient solutions in water-based heating systems
in the UK.

The Group operates from thirty facilities in total and manufactures the UK's
widest range of solutions for heating, plumbing, drainage and ventilation. The
Group primarily targets the UK and European building and construction markets
with a presence in Italy and the Netherlands and sells to specific niches in
the rest of the world.

Genuit Group plc changed its name from Polypipe Group plc on 6 April 2021. The
Group was established in 1980 and has been listed on the premium segment of
the London Stock Exchange since 2014.

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