REG - James Halstead PLC - Board Changes

James HalsteadAnnouncement

04/01/2024 16:45

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RNS Number : 7082Y  James Halstead PLC  04 January 2024

 

4(th) January 2024

James Halstead PLC

(the "Company")

 

Board Changes

 

James Halstead plc (AIM: JHD), a leading manufacturer and international
distributor of commercial floor coverings, is pleased to announce the
following appointments to the Board, with effect from 8(th) January 2024:

 

i.   David Drillingcourt will join the Board in an executive director role
as Corporate Development Director. David, a Chartered Accountant, joined the
Company in 1996 and during his time with the Company has held many senior
group roles, including the Finance Director of Polyflor Limited and Group
Company Secretary. Recently, in the role of Corporate Development, he has been
responsible for developing and supporting the growth of the business across
the globe.

 

ii.  Deborah Harrison will join the Board as an independent non-executive
director. Deborah is a Chartered Accountant and has over thirty years of
experience working for a top tier accounting firm, providing auditing and
accounting services to a wide range of organisations and sectors. Deborah will
also sit as a member of the audit committee and remuneration committee.

 

The Company also announces that, having served on the Board for over ten
years, non-executive director Stephen Hall will be stepping down with effect
from 1(st) March 2024. A further announcement regarding the appointment of the
new Senior Independent Director will be made at the time of his departure.

 

Commenting, Mr Mark Halstead, Chief Executive of James Halstead plc, said:

 

"We are extremely pleased to welcome both Deborah and David to the James
Halstead board.

Deborah will bring to the board her significant experience of dealing with
international groups of companies, including acquisitions and disposals, and
her knowledge of corporate reporting requirements will further enhance the
Board's financial expertise.

 

David's extensive knowledge of the Company and his flooring industry
experience will play an important role in supporting the board in its
strategic aim of growing the global footprint of the business.

 

I also would like to thank Stephen for his contribution to James Halstead plc
in his role as non-executive director through an important period which has
seen the business grow and overcome significant challenges. We wish him the
very best for the future."

 

Additional Information

In accordance with the AIM Rules, the following additional information is
required to be disclosed. Other than this information, there is no further
information required to be disclosed under paragraph (g) of Schedule Two of
the AIM Rules.

 

Full name and age

David William Drillingcourt, aged 55.

 

Current beneficial shareholding in the Company

7,700 ordinary shares beneficially owned with options over a further 240,000
ordinary shares.

 

Current directorships

Polyflor (M) SDN BHD

 

Former directorships (previous five years)

None.

 

Full name and age

Deborah Ann Harrison, aged 63.

 

Current beneficial shareholding in the Company

None.

 

Current directorships

None.

 

Former directorships (previous five years)

None.

 

 

 

 For further information please contact:
 James Halstead plc                         Telephone 0161 767 2500

David Fletcher, Company Secretary

 Hudson Sandler                             Telephone: 020 7796 4133

 Nick Lyon

 Nick Moore

 Panmure Gordon (NOMAD & Joint Broker)      Telephone: 020 7886 2500

 Dominic Morley

 WH Ireland (Joint Broker)                  Telephone: 020 7220 1666

 Ben Thorne

 

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