REG - Pinewood Tech Gp PLC - Board composition update

Pinewood TechnologiesAnnouncement

Wed 12:00

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RNS Number : 4219L  Pinewood Technologies Group PLC  04 June 2025

4(th) June 2025

 

Pinewood Technologies Group PLC ("the Company")

Board composition update

 

The Company today announces that Nikki Flanders has confirmed that she will
not stand for re-election to the Board at the Company's 2025 Annual General
Meeting and will formally step down from the Board on 4(th) June 2025. The
Company intends to maintain its existing Board structure and is currently
engaged in a search to find a new independent Non-Executive Director. Nikki's
responsibilities as Chair of the ESG Committee will be shared across other
members of the Board until a permanent successor for the role is appointed.

 

 

Ian Filby, Chairman, commented:

"On behalf of the Board, I would like to thank Nikki for her outstanding
commitment and invaluable contribution to the Board and its Committees over a
number of years. I would particularly like to recognise her leadership of the
ESG Committee, which has advanced our sustainability strategy with clarity and
purpose. I wish her well as she continues to develop her career."

 

Nikki Flanders, commented:

 

"I have thoroughly enjoyed working with the Pendragon and subsequently
Pinewood Board and Leadership teams. During my 5-year term the Board
successfully concluded the sale of the Pendragon motor vehicle business to
Lithia Motors, Inc and established a clear strategic path for Pinewood AI
which is gaining momentum and going from strength to strength. As I extend my
executive responsibilities now is the right time for me to step down and I
wish all the Pinewood team much success for the future."

 

 

Enquiries:

Headland                    Henry Wallers
                Tel: 0203 805 4822

LEI Number: 213800VRSPZFOGMMIS18

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