REG - Genuit Group PLC - Directorate Change

GenuitAnnouncement

01/11/2023 07:15

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RNS Number : 9431R  Genuit Group PLC  01 November 2023

1 November 2023

Genuit Group plc

 Board changes

Further to the announcement on 1 September 2023, 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
Tim Pullen has been appointed as Chief Financial Officer ("CFO") and a member
of the Genuit Board with effect from 1 November 2023.

 

Tim brings a broad range of public market experience through a variety of
fast-paced and dynamic businesses, having served as CFO of IQE plc, an AIM
listed manufacturer of advanced semiconductor materials from 2019 to 2023, as
CFO of Arm Limited from 2017 to 2019 and having held senior finance positions
in 02/Telefonica UK, Serco plc and Logica plc prior to that.

 

Joe Vorih, Chief Executive Officer, said:

 

"I am pleased to welcome Tim as CFO following his Interim role over the last
two months. I look forward to working with him as we continue to deliver our
Sustainable Solutions for Growth strategy. Tim has already made an impressive
contribution as Interim CFO and brings extensive public market experience that
will complement our Executive Management Team."

 

The Company confirms that there is no further information concerning Tim
Pullen which requires notification under LR9.6.13R of the Financial Conduct
Authority's Listing Rules.

 

The Company also announces that Mark Hammond, Non-Executive Director, retired
from the Board on 31 October 2023.

 

Kevin Boyd, Chairman, said:

 

"During his nine years as a Non-Executive Director, Mark has played a pivotal
role in building Genuit into the successful business it is today. On behalf of
the Board, and on a personal note, I would like to thank him for his
invaluable contribution to the Group and wish him the very best for the
future."

 

 

Enquiries:

 Genuit Group:                        +44 (0) 1138 315380

 Joe Vorih, Chief Executive Officer

 Emma Versluys, Company Secretary

 

Notes to Editors:

Genuit Group plc, 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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