REG - Stelrad Group PLC - Appointment of Senior Independent Director

StelradAnnouncement

25/01/2024 07:00

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RNS Number : 8198A  Stelrad Group PLC  25 January 2024

Stelrad Group plc

 

Appointment of Senior Independent Director

 

Stelrad Group plc ("Stelrad" or "the Group" or "the Company", LSE: SRAD) is
pleased to announce the appointment of Katherine Innes Ker as Senior
Independent Director. Katherine has been appointed as Chair of the Nomination
Committee and as a member of both the Remuneration and Audit & Risk
Committees.

 

Katherine, who will join the Board on 1(st) February 2024, is a highly
regarded Non-Executive Director, Senior Independent Director and Chair, with
extensive board experience across a range of sectors. Katherine is Chair of
the Mortgage Advice Bureau plc, Senior Independent Director and Chair of the
Remuneration Committee of Forterra plc, and is a Non-Executive Director of
Ground Rents Income Fund plc.

 

Bob Ellis, Chair of Stelrad, said:

"I am delighted to welcome Katherine to the Board and look forward to her
contribution to support the delivery of the Company's strategy. Katherine
brings significant listed company board experience in a Non-Executive
capacity, and her appointment will further strengthen the Board."

 

Katherine has held the following directorships in the past five years:

-     Senior Independent Director at Go-Ahead Group plc

-     Non-Executive Director at Vistry Group plc

 

The Company can confirm that there is no further information to disclose in
respect of Listing Rule 9.6.13.

 

 

Enquiries

 Stelrad Group plc                        +44 (0)191 261 3301

 Trevor Harvey, Chief Executive Officer

 Powerscourt                              +44 (0)7855 432 699

 James White / Pete Lambie                stelrad@powerscourt-group.com

 

Notes to Editors

Stelrad Group plc is Europe's leading specialist radiator manufacturer,
selling an extensive range of hydronic, hybrid, dual fuel and electrical heat
emitters to more than 500 customers in over 40 countries. These include
standard, premium and low surface temperature (LST) steel panel radiators,
towel warmers, decorative steel tubular, steel multicolumn and aluminium
radiators.

 

The Group has five core brands: Stelrad, Henrad, Termo Teknik, DL Radiators
and Hudevad.  In the data reported by BRG Building Solutions for 2022,
Stelrad moved into a market leadership position, with 18.8% share by volume of
the combined UK, European and Turkish steel panel radiator market.  The Group
is now market leader in seven countries - the UK, Ireland, France, the
Netherlands, Belgium, Denmark and Greece, with a top 3 position in a further
nine territories..

 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2023 employed
1,400+ people, with manufacturing and distribution facilities in Çorlu
(Turkey), Mexborough (UK), Moimacco (Italy) and Nuth (Netherlands), with
further commercial and distribution operations in Kolding (Denmark) and Krakow
(Poland).

 

The Group's origins date back to the 1930s and Stelrad enjoys long established
commercial relationships with many of its customers, having served each of its
top five current customers for over twenty years.

 

Further information can be found at: https://stelradplc.com/
(https://stelradplc.com/) .

 

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