REG - Hill & Smith PLC - Directorate Change

Hill & SmithAnnouncement

25/05/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230525:nRSY5690Aa&default-theme=true

RNS Number : 5690A  Hill & Smith PLC  25 May 2023

25 May 2023

 

Hill & Smith PLC

Directorate Change

 

Hill & Smith PLC ("the Group"), the international group creating
sustainable infrastructure and safe transport through innovation, today
announces that Alan Giddins has formally assumed the role of Executive Chair
for an expected period of 12 to 18 months, the role that he has been
undertaking since July 2022 on an interim basis while the Group searched for a
new Chief Executive Officer. This will provide the Group with continuity and
stability, as it executes on its strategy at pace, in a period with
significant opportunity.

 

The Board will consider both internal and external candidates for the role of
Chief Executive Officer. Since July 2022, the Board has undertaken an
extensive search process that has identified many strong candidates who have
been excited by the Group's prospects. However, the Board was not able to find
a candidate that met its criteria at the current time.

 

Tony Quinlan, Senior Independent Non-Executive Director, will take on the role
of Chair of the Nominations Committee from Alan Giddins, who remains on the
Committee. Upon recruiting a Chief Executive Officer, Alan will revert to his
position of Non-Executive Chair. Alan Giddins' salary will remain unchanged,
and he will not participate in any employee bonus or share incentive schemes.

 

Tony Quinlan, Senior Independent Non-Executive Director, said:

 

"The Board is delighted that Alan has agreed to take the role as Executive
Chair for a period of 12 to 18 months, which we unanimously believe is in the
best interests of the company to provide continuity and stability. Since
Alan's appointment as interim Executive Chair in July 2022, the Group has
delivered record profits through successfully executing on its organic growth
strategy, while also making significant progress on portfolio management
including a major disposal and a series of high quality acquisitions.

 

"The Board remains committed to finding a permanent Chief Executive Officer
and will restart a process in due course to assess both internal and external
candidates".

 

ENDS

 

For further information, please contact:

Hill & Smith PLC

Tony Quinlan, Senior Independent
Non-Executive                        Tel:  +44 (0)121
704 7434

Chris Dyett, Investor Relations

MHP

Reg Hoare/Rachel Farrington/Catherine
Chapman                   Tel:  +44 (0)20 3128 8613

 

Notes to Editors

Hill & Smith PLC creates sustainable infrastructure and safe transport
through innovation. The Group employs c.4,000 people worldwide with the
majority employed by its autonomous, agile, customer focussed operating
businesses based in the UK, USA, Australia and India. The Group office is in
the UK and Hill & Smith PLC is quoted on the London Stock Exchange (LSE:
HILS.L).

 

The Group's operating businesses are organised into three main business
divisions:

 

Galvanizing Services: increasing the sustainability and maintenance free life
of steel products including structural steel work, lighting, bridges and other
products for industrial and infrastructure markets.

 

Engineered Solutions: supplying engineered steel, and composite solutions with
low embodied energy for a wide range of infrastructure markets including power
generation and distribution, marine, rail and housing. The division also
supplies engineered pipe supports for the water, power and liquid natural gas
markets and seismic protection solutions.

 

Roads & Security: supplying products and services to support road and
highway infrastructure including temporary and permanent road safety barriers,
intelligent traffic solutions, street lighting columns and bridge parapets. In
addition, the division includes two businesses which are market leaders in the
provision of off-grid solar lighting and power solutions. The security
portfolio includes hostile vehicle mitigation solutions, high security fencing
and automated gate solutions.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAFLFLDEVISFIV