REG - Severfield PLC - Directorate Change

SeverfieldAnnouncement

26/03/2025 07:15

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RNS Number : 1279C  Severfield PLC  26 March 2025

26 March 2025

Severfield plc

('the Company' or 'the Group')

Directorate Change

Severfield PLC, the market-leading structural steel group, announces that
after more than seven years as Chief Executive Officer ('CEO'), Alan Dunsmore
has by mutual consent agreed to step down as CEO and will leave Severfield
with effect from 30(th) June 2025.  The Board has initiated a search process
to find his successor.

Whilst the search is conducted, interim leadership arrangements have been put
in place to ensure business continuity. Charlie Cornish (Chair of Severfield)
will support and guide the interim executive team led by Rob Evans (Divisional
Managing Director of Severfield's largest division, Commercial &
Industrial) and Adam Semple (CFO).

Charlie Cornish, Chair said: "On behalf of the Board, I would like to thank
Alan for his commitment to Severfield over the past 15 years and for the last
seven years of dedicated leadership as CEO. Alan has been pivotal in shaping
our purpose, strategy and values, driving growth both organically and through
acquisitions.

Moving forward the Board and the executive team will build on Severfield's
market leading position in the UK and growing presence in Europe and India,
driving strategic progress on manufacturing efficiency and project delivery,
positioning the Group for further growth and long-term shareholder returns."

Alan Dunsmore, CEO, commented: "It has been a privilege to spend 15 years of
my career at Severfield and to have led the development of the business in the
UK, Europe and India. Now is an appropriate time to hand over to a new CEO to
build on Severfield's unique strengths and accelerate the growth of the
business."

For further information, please contact:

Severfield
Charlie Cornish                          01845 577
896

Chair

 

Jefferies International               Will
Soutar                                020 7029
8000

 

Panmure Liberum                      Nicholas How
                          020 3100 2000

 

Camarco                                   Tom
Huddart                             07967 521 573

 

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 seven sites, c.1,900 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).

Inside information

This announcement contains inside information as 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) and is disclosed in
accordance with the Company's obligations under Article 17 of those
Regulations. On the publication of this announcement via a Regulatory
Information Service, such information is now considered to be in the public
domain. The person responsible for arranging for the release of this
announcement on behalf of Severfield is Mark Sanderson, Legal Director and
Company Secretary.

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