REG - Safestyle UK PLC - CEO Appointment

Safestyle UKAnnouncement

14/12/2022 14:00

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RNS Number : 7299J  Safestyle UK PLC  14 December 2022

14 December 2022

 

The information contained within this announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018.  Upon the publication of this
announcement via the Regulatory Information Service, this inside information
is now considered to be in the public domain.

 

Safestyle UK plc

("Safestyle" "Company" or the "Group")

 

CEO Appointment

 

Safestyle UK plc (AIM: SFE), the leading UK focused retailer and manufacturer
of PVCu replacement windows and doors for the homeowner market, announces that
its Chief Executive Officer (CEO), Mike Gallacher, has stepped down from the
Board today and will leave the business at the end of the year for personal
reasons.

 

Rob Neale, who has been Safestyle's Chief Financial Officer (CFO) for almost 5
years, has been appointed as CEO with immediate effect. Rob has made an
invaluable contribution to the Group since his appointment and the Board has
complete confidence in his ability to lead Safestyle through the next phase of
its corporate growth, while providing him with their full support. The Company
has commenced the independent search process for a new CFO and the Board will
provide an update in due course. During his time as CFO, Rob has built and
managed a robust finance team at Safestyle and will be ably supported during
the transition process.

 

Alan Lovell, Non-Executive Chairman of Safestyle, commented:

 

"Since his appointment as CEO in Spring 2018, Mike has given exceptional
service to Safestyle through some extremely turbulent and challenging times.
I would like to thank Mike for his commitment to our people and our business
and we wish him and his family well for the future.

 

As a result of our succession planning programme, I am delighted to
congratulate Rob as he embarks on his new role.  The Board is confident in
Rob's leadership ability and is looking to the future positively as the
business continues to deliver against its strategic objectives."

 

Enquiries:

 

 Safestyle UK plc                             via FTI Consulting

 Alan Lovell, Non-Executive Chairman

 Rob Neale, Chief Executive Officer

 Zeus (Nominated Adviser & Joint Broker)      Tel: 0203 829 5000

 Dan Bate / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

 Liberum Capital Limited (Joint Broker)       Tel: 0203 100 2100

 Neil Patel / Jamie Richards

 FTI Consulting (Financial PR)                Tel: 0203 727 1000

 Alex Beagley / Sam Macpherson / Amy Goldup

About Safestyle UK plc

The Group is the leading retailer and manufacturer of PVCu replacement windows
and doors to the UK homeowner market.  For more information please visit
www.safestyleukplc.co.uk (http://www.safestyleukplc.co.uk) or
www.safestyle-windows.co.uk (http://www.safestyle-windows.co.uk) .

 

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