REG - Halma PLC - Group Chief Executive succession

HalmaAnnouncement

16/06/2022 07:16

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RNS Number : 1104P  Halma PLC  16 June 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Halma plc ("Halma")

Group Chief Executive succession

Halma, the global group of life-saving technology companies, today announces
that Andrew Williams has decided to retire as Group Chief Executive next year,
after 18 years in the role. He will be succeeded by Marc Ronchetti, Chief
Financial Officer, who is today appointed as Chief Executive Designate.

Andrew joined Halma in 1994 and was appointed Chief Executive in 2005. Since
then, the Group has delivered consistently strong returns for its
shareholders. Under Andrew's leadership, Halma's revenues have grown from less
than £300m to more than £1.5bn today and has grown into a FTSE 100 global
group of around 45 life-saving technology companies.

Marc joined Halma in 2016 as Group Financial Controller and was appointed as
Chief Financial Officer in 2018. Marc has played a vital role in protecting
and evolving the elements of Halma's Sustainable Growth Model, articulating
its purpose and culture, and overseeing around 30 acquisitions.

Before Halma, Marc was Finance Director of the UK operations of Wolseley plc
(now Ferguson plc) and prior to that held various group and divisional roles
at Inchcape plc.

Marc will continue as Chief Financial Officer, in addition to becoming Chief
Executive Designate, until his successor is appointed. Andrew will continue as
Halma's Group Chief Executive and support Marc through the transition process
until he takes over as Group Chief Executive on 1 April 2023. A search is
underway to identify and appoint a successor to Marc as Chief Financial
Officer.

Dame Louise Makin, Chair of Halma, said: "Andrew is an outstanding leader who
has delivered exceptional value for our stakeholders and transformed Halma
into one of Britain's Most Admired Companies. He will leave a strong,
resilient, and agile Group, well placed to address the many opportunities in
its markets and deliver superior and sustainable growth through its
Sustainable Growth Model. I'd like to thank him personally, and on behalf of
the Board, for his substantial contribution to Halma.

"After a rigorous selection process, I am delighted that Marc will become
Halma's 4(th) Chief Executive in 50 years. I look forward to working with him
to build on the momentum in the business."

Andrew said: "It is testament to Halma's long-term approach to succession
planning and the quality of the Halma senior leadership team that the next
Group Chief Executive comes from within the business. Marc is an outstanding
leader and I look forward to working with him to ensure a smooth handover."

Marc said: "I am delighted to have been selected as Halma's next Group Chief
Executive. I am excited by the opportunity to lead such a fantastic and
talented team, and to continue Halma's long track record of creating value
through our Sustainable Growth Model."

For further information, please contact:

Halma plc

Andrew Williams, Group Chief
Executive
+44 (0)1494 721111

Marc Ronchetti, Chief Financial Officer and Chief Executive Designate

Charles King, Head of Investor
Relations
+44 (0) 7776 685948

Clayton Hirst, Director of Corporate
Affairs
+44 (0) 7384 796 013

MHP Communications

Andrew Jaques / Rachel
Farrington
         +44 (0)20 3128 8404

A copy of this announcement, together with other information about Halma, may
be viewed on its website:  www.halma.com

About Halma

Halma is a global group of life-saving technology companies, focused on
growing a safer, cleaner, healthier future for everyone, every day.

Its purpose defines the three broad market areas where it operates:

·       Safety: protecting life as populations grow and protecting
worker safety.

·       Environment: addressing the impacts of climate change,
pollution and waste, protecting life-critical resources and supporting
scientific research.

·       Health: meeting rising healthcare demand as growing populations
age and lifestyles change.

It employs over 7,000 people in more than 20 countries, with major operations
in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the
London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.

In January 2022, Halma was named one of Britain's Most Admired Companies by
Management Today.

 

NOTES

The person responsible for arranging the release of this announcement on
behalf of the Company is Mark Jenkins, Halma's Company Secretary.

The LEI of the Company: 2138007FRGLUR9KGBT40

REMUNERATION DISCLOSURES

Marc Ronchetti
Effective today, Marc Ronchetti will receive a base annual salary of £700,000
as Chief Executive Designate to 31 March 2023. His bonus and executive share
plan percentages remain at 180% and 250% of salary respectively and all of his
other benefits remain the same. From 1 April 2023, when he assumes the role of
Group Chief Executive, his base annual salary will increase to £900,000 per
annum and his bonus, shares awards and benefits will be at levels commensurate
with the Group Chief Executive role, as set out in the Remuneration Policy
agreed by shareholders at the 2021 Annual General Meeting.

There is no additional information to be disclosed pursuant to LR 9.6.13 R.

Andrew Williams
Termination arrangements will be in line with Halma's shareholder-approved
Remuneration Policy and, in accordance with section 430(2B) of the Companies
Act 2006, will be fully disclosed in our 2023 Annual Report and Accounts.

 

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