REG - Tyman PLC - Appointment of new CEO

TymanAnnouncement

27/11/2023 07:00

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RNS Number : 6696U  Tyman PLC  27 November 2023

TYMAN PLC

Appointment of new CEO

Tyman plc ("Tyman" or the "Group"), a leading international supplier of
engineered fenestration components and access solutions to the construction
industry, announces the appointment of Rutger Helbing as Chief Executive
Officer ("CEO") effective from 2 January 2024. Rutger's appointment follows a
rigorous and extensive process that included both internal and external
candidates in conjunction with a leading executive search firm.

Rutger Helbing was the Chief Executive of Devro plc ("Devro") between January
2018 and April 2023, having originally joined as Group Finance Director in
2016. He spent his earlier career in commercial divisional finance roles in
blue chip global manufacturing businesses including at Unilever, ICI and
AkzoNobel. As a Dutch national, Rutger has lived and worked in the UK for
almost 20 years.

Effective from 2 January 2024, Jason Ashton, who has been the Interim CEO
since 6 April 2023, will return to his role as Tyman's Chief Financial Officer
("CFO") and Juliette Lowes, who has been the Interim CFO since 21 April 2023,
will return to her role as Tyman's Group Financial Controller.

Nicky Hartery commented: "I am very pleased to be able to announce the
appointment of Rutger, whose broad international manufacturing expertise,
strategic and commercial acumen, and success in growing Devro and delivering
significant value for its shareholders will be of great benefit to Tyman at
this stage in the Group's journey. Importantly he is joining the Group in
January, ensuring a swift induction into the business.

 

On behalf of the Board, I would like to thank Jason and Juliette for their
significant contribution leading the business over the past seven months,
during which time the Group made good progress, acquiring Lawrence Industries
and delivering a solid trading performance and strong cash conversion whilst
navigating challenging market conditions."

 

Rutger Helbing commented: "I am delighted to be joining Tyman at such a
significant time in its development. The Group is a business of significant
scale and great potential, with market-leading brands, differentiated products
and passionate and dedicated employees that serve highly attractive end
markets. I am really looking forward to delivering sustainable business
growth, working with the Board and my future Tyman colleagues to create
further value for our shareholders."

Further information

In relation to Listing Rule 9.6.13R(1), Rutger has no current directorships of
publicly quoted companies but was a director of Devro plc between 2016 and
2023.

In relation to Listing Rule 9.6.13R(2)-(6), there are no details to disclose
in relation to Rutger.

27 November 2023

Enquiries

Tyman plc (investor.relations@tymanplc.com
(mailto:investor.relations@tymanplc.com) , 0207 9768000)

Nicky Hartery - Chair of the Board

Matt Jones - Head of Investor Relations

 

MHP (tyman@mhpgroup.com (mailto:tyman@mhpgroup.com) , 07801 894577)

Reg Hoare / Rachel Farrington / Matthew Taylor

Notes to editors

Tyman (TYMN: LSE) is a leading international supplier of engineered
fenestration components and access solutions to the construction industry. The
company designs and manufactures products that enhance the comfort,
sustainability, security, safety and aesthetics of residential homes and
commercial buildings. Tyman's portfolio of leading brands serves its markets
through three divisions: Tyman North America, Tyman UK and Ireland and Tyman
International. Headquartered in London, the Group employs approximately 3,400
people with facilities in 16 countries worldwide. Further information is
available at www.tymanplc.com (http://www.tymanplc.com/) .

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