REG - Titon Holdings PLC - Resignation of Chief Executive Officer

Titon HoldingsAnnouncement

06/04/2023 18:15

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RNS Number : 7028V  Titon Holdings PLC  06 April 2023

LEI: 213800ZHXS8G27RM1DD7

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
 

 
6 April 2023

Titon Holdings Plc

Resignation of Chief Executive Officer

 

Titon Holdings Plc ("Titon" or the "Group"), a leading international
manufacturer and supplier of ventilation systems, and window and door hardware
announces that Alexandra French, Chief Executive Officer, has agreed with the
Board that she will step down from her role as Chief Executive Officer and
will leave the Board with immediate effect.

The Board intends to initiate a formal executive search process to identify a
new Chief Executive Officer as soon as possible and will update the market in
due course. Until such time as a new Chief Executive Officer is appointed, the
Senior Leadership Team under the guidance of Carolyn Isom, Chief Financial
Officer and Tyson Anderson, Deputy Chair, will lead the business.

 

Keith Ritchie, Non-executive Chair of Titon, said: "The Board of Titon thank
Alexandra for her hard work over the last year and wish her well for the
future. The search for a new CEO will start as soon as possible. In the
meantime the senior leadership team under Carolyn and Tyson's interim
leadership will continue to manage the business in close collaboration with me
and the Non-executive Directors. Current trading remains in line with the
guidance set out by the Board at the AGM on 22 March 2023."

 

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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