REG - Howden Joinery Grp - Appointment of Chairman Designate

Howden JoineryAnnouncement

15/03/2022 11:00

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RNS Number : 7439E  Howden Joinery Group PLC  15 March 2022

15 March 2022

 

HOWDEN JOINERY GROUP PLC

("Howdens" or the "Company")

 

Appointment of Chairman Designate and Non-Executive Director

 

Howdens is announcing today that Peter Ventress will be appointed to the Board
on 1 July 2022 as Chairman Designate and Non-Executive Director and he will
assume the role of Chairman from 17 September 2022. The Company announced on
18 February 2022 that Richard Pennycook had indicated his intention to retire
with effect from 17 September 2022 ahead of reaching his nine-year tenure as a
Non-Executive Director in line with good governance practice.

 

Peter is currently Chairman of Bunzl plc and Galliford Try plc. He was
formerly a Non-Executive Director of BBA Aviation plc, where he was Senior
Independent Director and Chairman of the Remuneration Committee. He was also
formerly a non-executive director of Softcat plc, Premier Farnell plc and
Staples Solutions NV. Peter was Chief Executive Officer of Berendsen plc from
2010 to 2016 and prior to that he held several senior executive roles
including International President of Staples Inc ("Staples") and Chief
Executive Officer of Corporate Express NV, a Dutch quoted company which was
subsequently acquired by Staples.

 

As well as his role as Chairman Designate and Non-Executive Director, Peter
will be appointed to the Nominations and Sustainability Committees of the
Board and he will become Chairman of these committees on 17 September 2022
when he assumes the role of Chairman of the Board. Galliford Try announced
earlier today that Peter will be stepping down as Chairman and a Non-Executive
Director with effect from 15 September 2022.

 

Geoff Drabble, Senior Independent Non-Executive Director, said: "We are
delighted to welcome Peter to the Board of Howdens. In searching for Richard's
successor we conducted an extensive recruitment process and Peter was the
ideal candidate. His record of value creation is outstanding and he has a
wealth of knowledge and experience across a wide variety of businesses and
industries. Peter's appointment will enable a smooth transition ahead of
Richard reaching his nine-year tenure as Chairman."

 

Peter Ventress, Chairman Designate, said: "It is a huge privilege to be asked
to serve as Chairman of Howdens. Since being founded in 1995, the business has
been transformed into the leading trade supplier of kitchens in the UK by
steadfastly focusing closely on the needs of its customers. The business
operates in attractive and fragmented markets underpinned by its proven
in-stock, trade only business model, and I look forward to playing my part in
driving its continued success."

 

There is no further information which is required to be disclosed in
accordance with 9.6.13R of the Listing Rules.

 

 For further information please contact
 Howden Joinery Group Plc                        Media Enquiries
 Mark Fearon, Director of IR and Communications  Nina Coad, David Litterick (Brunswick)

 Mobile: +44 (0)7711 875070                      Tel: +44 (0) 207 404 5959
 Forbes McNaughton, Company Secretary

 Tel: +44 (0)207 535 1137

 

Note to editors:

1.  About Howden Joinery Group Plc

Howden Joinery Group Plc is the parent company of Howden Joinery (Howdens). In
the UK, Howdens sells kitchens and joinery products to trade customers,
primarily small local builders, through 778 depots. In 2021, the business
generated revenues of around £2.1 billion and profit before tax of £390.3
million. Around one-third of the products it sells are manufactured in house
at its factories in Runcorn, Cheshire, and Howden, East Yorkshire both of
which recently achieved carbon neutral status. The business also operates a
total of 40 depots in France and Belgium. From 21 March 2022 Howdens will
become a member of the FTSE 100.

 

 

 

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