REG - Headlam Group PLC - Board Change

HeadlamAnnouncement

20/12/2024 08:15

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RNS Number : 9220Q  Headlam Group PLC  20 December 2024

20 December 2024

Headlam Group plc

('Headlam', the 'Company', the 'Group')

 

Board Change

 

Headlam (LSE: HEAD), the UK's leading floorcoverings distributor, announces
that, following the significant step in the delivery of our transformation
plans of the property disposal transactions, (announced earlier today which
bring the Group to a net cash position), Keith Edelman has informed the Board
of his intention to step down from his role as Chair of the Company.

 

Keith will support a managed transition to his successor, Stephen Bird, and
will not seek re-election as a Director at the Company's Annual General
Meeting in May 2025.

 

Keith has been a Director of the Company for six years and the Board is
grateful to Keith for his service as both Non-Executive Director and,
latterly, as Chair, and wish him well for his future ventures.

 

The Board is pleased to announce that Stephen Bird will be appointed Chair of
the Company and its Nomination Committee with effect from the Company's AGM in
May 2025, and Stephen will stand for re-election at the AGM in May 2025.

 

Stephen has extensive executive experience developing successful, customer-led
growth strategies to help businesses grow and adapt to changing markets. He
had been Group Chief Executive of Videndum plc since 2009 and recently stepped
down from that role. Previously he was Senior Independent Director of Dialight
plc and was Divisional Managing Director of Weir Oil & Gas.  Stephen has
also held senior roles at Danaher Corporation, Black & Decker, and
Technicolor Group.

 

Chris Payne, Chief Executive Officer said "On behalf of the Board I would like
to thank Keith for the extensive contribution he has made to the Company over
the past six years, chairing the Board whilst we have made significant
progress against our strategy and overseen our transformation plans.  I'm
pleased Stephen has agreed to be our next Chair and look forward to continuing
to work with Stephen and the Board as we implement our transformation plan
over the next two years".

 

 

This announcement is made in accordance with Listing Rule 6.4.6.  No further
details are required to be disclosed under LR6.4.8 or LR6.4.10.

 

 

 

Enquiries

 Headlam Group plc                                       Tel: 01675 433 000
 Chris Payne, Chief Executive                            Email: headlamgroup@headlam.com (mailto:headlamgroup@headlam.com)
 Adam Phillips, Chief Financial Officer
 Alison Hughes, General Counsel & Company Secretary

 Panmure Liberum Limited (Corporate Broker)              Tel: 020 3100 2000
 Tom Scrivens / Atholl Tweedie

 Peel Hunt LLP (Corporate Broker)                        Tel: 020 7418 8900
 George Sellar / Finn Nugent

 Houston (Financial PR)                                     Tel: 020 4529 0549
 Kate Hoare / Kelsey Traynor / Polly Clarke

 

Notes to Editors

Operating for over 30 years, Headlam is the UK's leading floorcoverings
distributor. The Group works with suppliers across the globe manufacturing the
broadest range of products, and gives them a highly effective route to market,
selling their products into the large and diverse trade customer base. The
Group has an extensive customer base spanning independent and multiple
retailers, small and large contractors, and housebuilders. It provides its
customers with a market leading service through the largest product range,
in-depth knowledge, ecommerce and marketing support, and nationwide next day
delivery service. To maximise customer reach and sales opportunity, Headlam
operates businesses, trade brands and product brands across the UK and
Continental Europe (France and the Netherlands), which are supported by the
group's network, central resources and processes.

 

IMPORTANT NOTICE

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

This announcement has been issued by and is the sole responsibility of the
Company. The information contained in this announcement is for background
purposes and does not purport to be full or complete.

The information contained in this announcement is for background purposes only
and no reliance may or should be placed by any person for any purpose
whatsoever on the information contained in this announcement or on its
completeness, accuracy or fairness. Recipients of this announcement should
conduct their own investigation, evaluation and analysis of the business, data
and property described in this announcement.

The information in this announcement is subject to change. This announcement
is not intended to, and does not constitute or form part of, any offer to sell
or issue or any solicitation of an offer to purchase, subscribe for, or
otherwise acquire, any securities or a solicitation of any vote or approval in
any jurisdiction.

 

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