REG - Severfield PLC - Directorate Change

SeverfieldAnnouncement

03/10/2022 07:00

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RNS Number : 3998B  Severfield PLC  03 October 2022

3 October 2022

Severfield plc

('the Company' or 'the Group')

Directorate Change

Appointment of Mark Pegler as Non-Executive Director

Severfield plc, the market leading structural steel group, is pleased to
announce the appointment of Mark Pegler as a non-executive director with
effect from 5 October 2022. [He will serve on the Company's Remuneration,
Nomination and Audit committees.] The appointment forms part of Severfield's
board succession process.

Mark Pegler is an experienced FTSE 250 Chief Financial Officer, having spent
over a decade as Chief Financial Officer at Hill & Smith plc. His
successful tenure there saw significant growth of the business, completing
multiple bolt-on acquisitions and expanding the company internationally.

Mark is also a Non-Executive Director and Chair of the Audit Committee at ELE
Technologies Ltd, which provides manufacturing services for the Aerospace,
Industrial Gas Turbine and Automotive markets.

He is a Fellow of the Institute of Chartered Accountants in England and Wales
(ICAEW).

Kevin Whiteman, Non-Executive Chairman, commented:

"We are pleased to welcome Mark to the Board of Severfield. He brings a wealth
of relevant experience having spent a decade as CFO of a FTSE 250 business.
His knowledge will be highly beneficial to Severfield as we continue to build
on the considerable positive momentum within the business."

ENDS

For further information, please contact:

 

Severfield                                    Alan
Dunsmore
01845 577 896

Chief Executive Officer

 

Adam
Semple
01845 577 896

Chief Financial Officer

 

Jefferies International                 Simon Hardy
 
020 7029 8000

Will
Soutar
020 7029 8000

 

Liberum Capital                           Nicholas How
 
020 3100 2000

Ben
Cryer
020 3100 2000

 

Camarco                                     Ginny Pulbrook
                                    020 3757 4980

Tom Huddart
 
020 3757 4980

 

 

 Notes to editors:

Severfield is the UK's market leader in the design, fabrication and
construction of structural steel, with a total capacity of c.150,000 tonnes of
steel per annum. The Group has six sites, c.1,500 employees and expertise in
large, complex projects across a broad range of sectors. The Group also has an
established presence in the expanding Indian market through its joint venture
partnership with JSW Steel (India's largest steel producer).

 

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