REG - Tyman PLC - Directorate Change

TymanAnnouncement

06/04/2023 07:00

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RNS Number : 5611V  Tyman PLC  06 April 2023

6 April 2023

TYMAN PLC

("Tyman" or the "Group")

 

Directorate Change

Tyman announces that Jo Hallas has decided to step down as Chief Executive
Officer and Director of Tyman with effect from today, by mutual agreement with
the Board. The Group's Chief Financial Officer, Jason Ashton, will act as
interim Chief Executive Officer with effect from today and will continue to
carry out Tyman's strategic vision to deliver shareholder value until a
permanent Chief Executive Officer is appointed. Tyman's strong devolved
divisional structure, led by experienced management teams, will ensure
continued focus on delivering its financial targets and strategic priorities.

The process of recruiting Jo's successor will be led by the Nominations
Committee. Jo will remain available to the Group over the next 12 months, as
required, to ensure an orderly handover.

Nicky Hartery, Chair of Tyman, said: "Jo has done a tremendous job over the
last four years. The Board and I would like to thank Jo for her significant
contributions including establishing and driving the Group's strategy with
sustainability at its core, leading our recovery in North America, and seeing
the Group through the pandemic and resulting global supply chain challenges.
Having established these strong foundations, it has been mutually agreed that
now is the right time to step down and allow her successor to lead the next
stage of Tyman's development. We wish her well for the future."

Consistent with the Group's 2022 final results announcement published on 2
March 2023, trading continues to be in line with the Board's expectations. The
Group will publish a trading update with its Annual General Meeting on 18 May
2023.

 

Enquiries

 Tyman plc                                       020 7976 8000
 Jason Ashton - Interim Chief Executive Officer  investor.relations@tymanplc.com

 Matt Jones - Head of Investor Relations

 MHP                                             020 3128 8613
 Reg Hoare / Rachel Farrington / Matthew Taylor  tyman@mhpgroup.com

 

Notes:

Jo Hallas's remuneration arrangements on stepping down from the Board shall be
consistent with the Group's remuneration policy. Details of such arrangements
shall be published on Tyman's website, www.tymanplc.com
(http://www.tymanplc.com) , as required by section 430(2B) of the Companies
Act 2006.

This announcement contains inside information for the purposes of Art. 7 of EU
Regulation 596/2014, which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018. The person responsible for making this
notification is Peter Ho, Tyman's General Counsel & Company Secretary.

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