REG - Stelrad Group PLC - Directorate Change

StelradAnnouncement

01/12/2023 07:00

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RNS Number : 3036V  Stelrad Group PLC  01 December 2023

Stelrad Group plc

 

Resignation of NED

 

Stelrad Group plc ("Stelrad" or "the Group" or "the Company", LSE: SRAD)
announces today that Terry Miller, Non-Executive Director and Senior
Independent Director, has given notice of her intention to step down from the
Board and its Committees on 31 December 2023 having originally joined the
Group in October 2021 as part of Stelrad's IPO.

 

A replacement Non-Executive Director and Senior Independent Director will be
appointed in due course.

 

Bob Ellis, Chair of Stelrad, said:

"On behalf of the Board, I would like to thank Terry for the contribution that
she has made to the Company over the past two years and we wish her well for
the future."

 

 

There is no other information to be disclosed under Listing Rule 9.6.11

 

 

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 a 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 countries reported by BRG Building Solutions in 2023 to
date, Stelrad moved into a market leadership position, with 18.5% share by
volume of the combined UK, European and Turkish steel panel radiator market.
 The Group is now market leader in six countries - the UK, Ireland, France,
the Netherlands, Belgium and Denmark, with a top 3 position in a further five
territories.

 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2022 employed
1,500+ 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/.

 

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