REG - Restore PLC - Board Changes

RestoreAnnouncement

30/10/2023 07:15

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RNS Number : 6191R  Restore PLC  30 October 2023

30 October 2023

 

 

Restore plc

("Restore" or the "Group" or "Company")

 

Board Changes

 

Restore plc (AIM: RST), the UK's leading provider of digital and information
management and secure lifecycle services, announces the following changes to
its Board:

 

Chief Financial Officer

Restore announces the appointment of Dan Baker as Chief Financial Officer and
Director of the Company with effect from 13 November 2023. Dan joins Restore
from EV Metals Group plc where he was CEO of its Battery Materials business
following its acquisition from Johnson Matthey plc in 2022. Between 2018 and
2022 he held the role of Finance and Strategy Director, Battery Materials at
Johnson Matthey plc. Prior to that, Dan had a number of senior roles at Smith
& Nephew plc, including Group Financial Controller and CFO China.  Dan is
a Chartered Accountant and joined Smith & Nephew plc in 2013 from Deloitte
LLP where he was an Audit Director, having spent eleven years within their
audit practice. Dan succeeds Mike Killick, who has served as interim CFO since
August. Mike will step down as a Director of the Company with effect from 13
November 2023 but will assist with an orderly handover to Dan during his
notice period.

 

Charles Skinner, CEO, commented:

 

"We are delighted that Dan is joining us as Chief Financial Officer. He is a
highly experienced finance executive who brings considerable commercial and
technical accounting knowledge as well as a strong understanding of listed
company and growth business environments. On behalf of the Board, I would like
to express my sincere appreciation for Mike's contribution during his interim
appointment."

 

Chair

Restore announces the succession of Jamie Hopkins as Non-Executive Chair,
taking over from Sharon Baylay-Bell who is standing down as Chair and director
of Restore following a nine year non-executive tenure, both changes effective
immediately.  Jamie joined the Board of Restore in 2020 and served as Senior
Independent Director and Remuneration Committee Chair prior to assuming an
interim executive role in July this year.

 

Sharon joined the Board of Restore in September 2014 and has served as Risk
Committee Chair and Senior Independent Director, as well as Chair since
October 2021. During her tenure as Chair Sharon has successfully managed the
evolution of the Board and overseen the development of the ESG strategy. In
recent months Sharon has led the transition to a new executive leadership
team with the appointment of Charles Skinner as CEO and the announcement
today of Dan Baker as CFO following an independent search process.

 

Alongside these Board changes Susan Davy will continue in her role as Senior
Independent Director and Audit Committee Chair and Lisa Fretwell continues in
her role as Chair of Risk, Remuneration and ESG.

 

 

Jamie Hopkins, Chair, commented:

 

"I would like to thank Sharon for her leadership as Chair over the last two
years and for her commitment and service to Restore since joining the Board in
2014. We wish her well for the future.  I am looking forward to leading the
Board and working with the management team to deliver value to all of our
stakeholders."

 

For further information please contact:

 

 Restore plc                                          www.restoreplc.com (http://www.restoreplc.com)
 Charles Skinner, CEO                                 +44 (0) 207 409 2420
 Jamie Hopkins, Chair
 Chris Fussell, Company Secretary

 Investec (Nominated Adviser and Joint Broker)        www.investec.com (http://www.investec.com)
 Carlton Nelson                                       44 (0) 207 597 5970
 James Rudd

 Canaccord Genuity (Joint Broker, Corporate Advisor)  www.canaccordgenuity.com (http://www.canaccordgenuity.com)
 Max Hartley                                          44 (0) 207 523 8000
 Chris Robinson

 Citi (Joint Broker)                                  www.citigroup.com (http://www.citigroup.com)
 Stuart Field                                         +44 (0) 207 986 4074
 Luke Spells

 FTI Consulting (PR Enquiries)                        www.fticonsulting.com/uk (http://www.fticonsulting.com/uk)
 Nick Hasell                                          +44 (0) 203 727 1340
 Alex Le May

 

 

 

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for
Companies

 

Daniel John Baker (age 44)

 

 Current directorships  Directorships held in the last five years
                        Johnson Matthey Battery Materials Finland Oy

                        Johnson Matthey Battery Materials GmbH

                        Mutation LiFePO4+C Licensing AG

                        Johnson Matthey Poland Sp zoo

                        Global Battery Alliance VZW

                        Johnson Matthey Battery Materials (Changzhou) Co., Ltd.

                        Johnson Matthey Battery Materials Ltd

                        JMBM LLC

 

 

Save as set out above, there are no further disclosures required pursuant to
Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Dan
Baker's appointment to the Board. Dan Baker does not hold any shares in the
Company.

 

Note:

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 (which forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018) and is disclosed in
accordance with the Company's obligations under Article 17 of those
Regulations.

 

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