REG - Titon Holdings PLC - Appointment of CEO

Titon HoldingsAnnouncement

22/11/2023 07:15

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RNS Number : 1742U  Titon Holdings PLC  22 November 2023

LEI: 213800ZHXS8G27RM1D97

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of the Market Abuse Regulation (EU) No.596/2014, which forms
part of UK law by virtue of the European Union (Withdrawal) Act 2018.

22 November 2023

Titon Holdings Plc

 

Appointment of CEO

 

Titon Holdings Plc ("Titon", the "Group" or the "Company"), a leading
manufacturer and supplier of ventilation systems and window and door hardware
is pleased to announce the appointment of Tom Carpenter as Group Chief
Executive Officer ("CEO"). Tom will start his role and join the Board of the
Company on 23 April 2024.

Tom joins Titon from Belden Inc., a US based leading global supplier of
network infrastructure and digitisation solutions, listed on the New York
Stock Exchange, where he is Vice President of Strategy and Business
Development. Tom has a track record of growing businesses both organically and
inorganically, and has experience of working in publicly listed companies
having joined Belden Inc. in 2016. Tom has held leadership positions within
Belden since then including as Managing Director of PPC Broadband Inc., a
subsidiary of Belden. Prior to this, Tom held various leadership positions
including as Chief Executive Officer at M2FX Limited, which was purchased by
PPC Broadband in 2016. Tom holds a Master in Business Administration from
Loughborough University and a Degree in Manufacturing Systems Engineering from
Nottingham Trent University.

 

Keith Ritchie, Non-Executive Chair, commented: "I am very pleased to welcome
Tom to Titon and to wish him well in his new position. Tom has a wealth of
senior management experience and strong technical attributes, which he will
bring to bear as the new CEO. The Titon Board looks forward to working with
Tom to introduce him to our ventilation, window and door hardware business and
to continue the work that has been ongoing for the last year to drive change
in the business."

 

Tom Carpenter, incoming CEO, commented: "I am delighted to be joining Titon
and to take on the role of Group CEO. In my management career I have worked in
several different industries and look forward to utilising my experience in
Titon's business. I relish the opportunity to strengthen Titon's position in
the ventilation and hardware industry and lead it to a more profitable
future."

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Thomas ("Tom") Selby
Carpenter, aged 54, has held no directorship and partnership positions in the
past 5 years. Tom holds no interest in the ordinary share capital of the
Company.

There is no further information required to be disclosed in respect of the
above appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for
Companies.

 

For further information please contact:

 Titon Holdings Plc

 Keith Ritchie                                 Tel: +44 (0)7748 146834

 Shore Capital (Nominated Adviser and Broker)

 Daniel Bush                                   Tel: +44 (0)20 7408 4090

 Tom Knibbs

 

 

 

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