Picture of RS logo

RS1 RS News Story

0.000.00%
gb flag iconLast trade - 00:00
TechnologyBalancedMid CapContrarian

REG - RS Group PLC - Appointment of Kate Ringrose as CFO

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230727:nRSa3326Ha&default-theme=true

RNS Number : 3326H  RS Group PLC  27 July 2023

27 July 2023

RS GROUP PLC

Appointment of Kate Ringrose as Chief Financial Officer

RS Group (RS) announces that Kate Ringrose has been appointed to the role of
Chief Financial Officer (CFO) and Executive Director and will join RS and take
up her role with effect from 2 October 2023.

Kate joins RS after a successful 18-year career at Centrica plc, a FTSE 100
company, most recently as Group CFO. Kate is a highly experienced CFO with a
strong track record of successfully leading finance functions and was
instrumental in the transformation of Centrica into a resilient business with
a strong balance sheet and clear growth strategy. Kate is a chartered
accountant and trained with KPMG in South Africa.

Rona Fairhead, Chair, said: "Following a rigorous selection process, we are
delighted to appoint Kate Ringrose as CFO of RS. We are pleased to have been
able to attract a candidate of Kate's calibre to the Board.  She brings a
wealth of experience that will be of significant benefit to the Group."

Simon Pryce, Chief Executive Officer, said: "Kate will be a great addition to
the executive team and I am looking forward to working with her to accelerate
delivery of the exciting RS strategy. Kate has a proven track record as a FTSE
100 CFO, and experience in helping to lead high performance organisations that
improve business resilience, drive operational excellence and deliver
accelerated strategic growth."

Kate Ringrose said: "I am looking forward to joining RS at this exciting stage
in the Group's development. RS has a significant opportunity to take share
in large, fragmented markets, and I am very much looking forward to working
with Simon and the team to accelerate realisation of the growth strategy. I
have been impressed by the enthusiasm and ambition within the business and
look forward to playing my part in its continued success."

There are no other matters to be disclosed under listing rule 9.6.13R in
relation to Kate's appointment.

 

 Enquiries:
 Clare Underwood  Company Secretary      020 7239 8429
 Lucy Sharma      VP Investor Relations  020 7239 8427
 Martin Robinson  Teneo                  020 7353 4200

Notes:

1.   Remuneration Arrangements

Kate Ringrose's remuneration arrangements have been set in accordance with the
Directors' Remuneration Policy approved by shareholders at the AGM on 14 July
2022.  Key elements of the package are as follows:

·      Basic salary: £500,000 per annum.

·      Pension: contribution of 10.5% of salary.

·      Annual bonus: a maximum bonus opportunity of 150% of basic
salary, pro-rated for 2023/24 from Kate's start date.

·      Long Term Incentive Plan: an annual award of up to 250% of basic
salary, with the 2023 award to be granted as soon as practicable post joining.

Other benefits will be in accordance with the Directors' Remuneration Policy

Kate will also receive replacement share awards to reflect the forfeiture of
equity awards from her previous employment. These replacement awards will
remain subject to performance conditions where appropriate and will mirror the
vesting and release schedule of forfeited awards.

Further details will be set out in the Directors' Remuneration Report for
2023/24.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOADZGZNGVFGFZZ

Recent news on RS

See all news