REG - Stelrad Group PLC - Directorate change

StelradAnnouncement

18/02/2026 14:15

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RNS Number : 5348T  Stelrad Group PLC  18 February 2026

18 February 2026

 

Stelrad Group PLC

 

Director Retirement

 

In accordance with UKLR 6.4.6(2), Stelrad Group plc ("Stelrad" or "the Group"
or "the Company", LSE: SRAD) announces today that Martin Payne, Non-Executive
Director, Chair of the Audit & Risk Committee and member of the Nomination
and Remuneration Committees, has notified the Board that he will not be
standing for re-election and will retire from the Board and its Committees at
the conclusion of the Company's next Annual General Meeting due to be held on
20 May 2026.

 

A replacement Non-Executive Director and Chair of the Audit and Risk Committee
will be appointed in due course.

 

Bob Ellis, Board Chair of Stelrad said:

"On behalf of the Board, I would like to thank Martin for the valued
contribution that he has made to the Company over the past four and a half
years, and we wish him well for the future."

 

 

- ENDS -

 

 

For further information:

 

 Stelrad Group plc                        +44 (0) 191 261 3301

 Trevor Harvey, Chief Executive Officer

 Leigh Wilcox, Chief Financial Officer

 Sodali & Co                              stelrad@sodali.com (mailto:stelrad@sodali.com)

 James White / Pete Lambie                +44 (0)7855 432699

 

 

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.  The Group is market leader by volume in the combined UK,
European and Turkish steel panel radiator market, with market share of 19.3%.
Excluding the Russian market, Stelrad's share was 24.2% in 2024.  The Group
is market leader in six countries - the UK, Ireland, France, the Netherlands,
Belgium and Denmark, with a top 3 position in a further 12 territories in
2024.

 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2024 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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