REG - Genuit Group PLC - Directorate Change

GenuitAnnouncement

06/06/2023 07:00

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RNS Number : 7227B  Genuit Group PLC  06 June 2023

6 June 2023

Genuit Group plc

Directorate change

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 Paul James has informed the Board that
following five years as Chief Financial Officer ("CFO") of the Company, he
wishes to step down to take up the position as Chief Financial Officer with a
privately owned company.

Paul will remain in post up to 30 September 2023 to ensure a smooth transfer
of responsibilities, and the Board is commencing a process to appoint a
successor.

Kevin Boyd, Chair, said:

"On behalf of the Board, I would like to thank Paul for his significant
contribution to Genuit Group over the last five years and we wish him every
success in his new role."

Joe Vorih, Chief Executive Officer, said:

"I would like to add my thanks to Paul for his hard work and commitment during
his time at Genuit Group, and the support he has given to me since I joined.
Paul has played an important role in the changes we have made in the business
and helping progress our leadership position in water and climate management
solutions. We will continue to work closely with Paul in the coming months as
we transition to a new CFO."

Paul James, Chief Financial Officer, said:

"It has been a huge privilege to have worked at Genuit Group. The business is
positioned well for the continued opportunities arising from structural trends
in ESG and the built environment. I would like to thank my colleagues across
the business and wish Genuit Group every success for the future."

 

Enquiries:

 Genuit Group:                         +44 (0) 1138 315380

 Joe Vorih, Chief Executive Officer

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

 Nina Coad / Tom Pigott

 

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.

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