REG - Howden Joinery Grp - Richard Pennycook to retire as Chairman

Howden JoineryAnnouncement

18/02/2022 09:00

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RNS Number : 0623C  Howden Joinery Group PLC  18 February 2022

18 February 2022

 

HOWDEN JOINERY GROUP PLC

("Howdens" or the"Company")

 

Richard Pennycook to retire from the Board as Chairman

 

Howdens announces that Richard Pennycook has indicated his intention to retire
from the Board with effect from 17 September 2022. Richard was appointed as
Howdens' Chairman in May 2016, having joined the Board in September 2013,
initially as a non-executive Director and Chairman of the Audit committee. His
retirement aligns with the Company's Board succession plan and good governance
practice, including the UK Corporate Governance Code requirement for a chair
to step down after nine years on the Board.

 

A process is already underway for the Nomination Committee, led by the Senior
Independent Non-Executive Director, Geoff Drabble to identify and appoint his
successor.

 

Geoff Drabble, Senior Independent Director, said:

 

"I would like to take this opportunity to thank Richard for his significant
contribution during his time at Howdens. He has been a first-class Chairman
and has been instrumental in the rapid growth and development of the business
over the past 8 years. We wish him well for the future when he steps down in
September."

 

Richard Pennycook said:

 

"It has been a privilege to serve this very fine Company. It is a unique,
dynamic, customer focused business which owes its success to the dedication of
its people and represents everything that British business should be. I will
be stepping down from a business in great shape, with a successful strategy
and a sound platform on which to generate sustainable growth in the future."

 

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

   Mark Fearon, Director of IR and Communications:           +44 (0)7711 875070
   Forbes McNaughton, Company Secretary:                     +44 (0)7557 256324

   Brunswick (Media Enquiries)

   Nina Coad or David Litterick:                             +44 (0)207 404 5959

 

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