REG - Topps Tiles - Chair Succession

Topps TilesAnnouncement

18/05/2023 07:00

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RNS Number : 7905Z  Topps Tiles PLC  18 May 2023

 

18 May 2023

 

Topps Tiles Plc

Appointment of Independent Non-Executive Director and Chair Designate

 

Topps Tiles Plc (LSE: TPT) ("Topps", the "Company" and together with its
subsidiary undertakings, the "Group") the UK's leading tile specialist, is
pleased to announce the appointment of Paul Forman as an independent
non-executive director and Chair Designate of the Company.

As detailed in the 2022 Annual Report, Darren Shapland is now in his ninth
year as Chair and, therefore, nearing the end of his maximum term under the UK
Corporate Governance Code. To this end, the Nominations Committee, led by
Keith Down, the Company's Senior Independent Director, commenced  a Chair
succession plan which has now been successfully concluded with the appointment
of Paul Forman.

Paul will join the board of directors of Topps (the "Board") on 1 July 2023,
to allow for an orderly transition of responsibilities, and he will succeed
Darren Shapland as Chair at the start of the Company's new financial year on 1
October 2023, at which point Darren will retire from the Board.

Paul is an experienced director of both listed and private equity-backed
businesses, gained in a variety of executive and non-executive roles. His
experience includes chief executive roles at three FTSE250 businesses:
Essentra PLC, Coats Group PLC and Low & Bonar PLC. He is also a former
non-executive director of Brammer PLC. He is currently Senior Independent
Director at Tate & Lyle PLC and Chair Designate at FSI, the private
equity-backed flavours and fragrances business.

Darren Shapland, Chair of Topps, said: "I'm delighted that we have secured an
individual of Paul's calibre as Chair Designate. His strong track record, both
as a PLC executive and non-executive, will be of great benefit to Topps as the
business builds on its market leadership position and continues to develop and
expand in the years ahead.  Paul will be a strong addition to the Topps team
and I look forward to working with him on an orderly handover of
responsibilities in the coming months."

Commenting on his appointment, Paul Forman said: "Topps is a business with a
clear strategic focus and a strong proposition for both consumer and trade
customers. The Group has come through the pandemic in good shape, with a
robust balance sheet and a strong executive team, and the opportunities ahead
are exciting as it continues to grow its share of the UK market for tiles and
associated products. I look forward to working with the Board and the senior
management team as we build on these strong foundations."

 

There is no further information to disclose in accordance with LR 9.6.13 of
the Listing Rules of the Financial Conduct Authority.

Enquiries:

 Topps Tiles Plc               +44 (0) 116 282 8000
 Darren Shapland, Chairman

 Rob Parker, Chief Executive
 Citigate Dewe Rogerson        +44 (0) 20 7638 9571
 Kevin Smith/Ellen Wilton      toppstiles@citigatedewerogerson.com

 

Notes to editors

 

Topps Tiles Plc is the UK's leading specialist supplier of tiles and
associated products, targeting the UK domestic refurbishment and commercial
markets and serving homeowners, trade customers, architects, designers and
contractors from 304 nationwide Topps Tiles stores, three commercial showrooms
and six websites:www.toppstiles.co.uk (http://www.toppstiles.co.uk) ,
www.parkside.co.uk (http://www.parkside.co.uk) , www.protilertools.co.uk
(http://www.protilertools.co.uk) , www.northantstools.co.uk
(http://www.northantstools.co.uk) , www.premiumtiletrim.co.uk
(http://www.premiumtiletrim.co.uk) , and www.tilewarehouse.co.uk
(http://www.tilewarehouse.co.uk) .

 

Since opening its first store in 1963, Topps has maintained a simple operating
philosophy ‐ inspiring customers with unrivalled product choice and
providing exceptional levels of customer service.  For further information on
the Group, please visit http://www.toppstilesplc.com/
(http://www.toppstilesplc.com/)

 

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