REG - Volution Group plc - Board Appointment

VolutionAnnouncement

19/06/2023 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230619:nRSS1410Da&default-theme=true

RNS Number : 1410D  Volution Group plc  19 June 2023

 

 

 

19 June 2023

 

Volution Group plc

 

Appointment of Jonathan Davis as an Independent Non-Executive Director

and Chairman of the Audit Committee

 

Volution Group plc (LSE: FAN), a leading international designer and
manufacturer of energy efficient indoor air quality solutions, announces that
Jonathan Davis has been appointed as an independent Non-Executive Director of
the Company with effect from 23 June 2023.

 

Jonathan will also become Chairman of the Audit Committee, and will join the
Remuneration and Nomination Committees, on appointment.

 

Jonathan Davis is currently Group Finance Director at Rotork plc (LSE: ROR), a
FTSE 250 global provider of mission-critical intelligent flow control
solutions operating across a diverse range of markets, including the oil &
gas, water, power, chemicals, and process industries.

The appointment of Jonathan will coincide with a number of previously
announced changes to the Board.

Nigel Lingwood, the current Audit Committee Chairman and Chair Designate, will
step into the role of Chairman of the Board on 23 June 2023, following the
planned retirement of Paul Hollingworth.

Nigel will also be appointed as Chairman of the Nomination Committee on that
date.  He will remain as a member of the Remuneration Committee but will
stand down as a member of the Audit Committee.

Amanda Mellor, Senior Independent Director, will step down as planned from her
role as interim Chair of the Nomination Committee with effect from 23 June
2023, but will remain as a member of the Committee.

Paul Hollingworth will retire from the Board as previously notified, also with
effect from 23 June 2023.

Nigel Lingwood, Chair Designate of Volution, commented:

 

"I am delighted to welcome Jonathan as an Independent Non-Executive Director
and Audit Committee Chairman. With his strong financial and accounting
expertise and extensive public company, M&A, and international experience,
I am confident that Jonathan will make a strong contribution to the Board."

 

Ronnie George, Chief Executive Officer of Volution, commented:

"We look forward to working with Jonathan and benefiting from his significant
expertise, especially in the area of accounting and finance.  We believe he
will bring valuable insights and experience to the role of Audit Committee
Chair.

In respect of Paul's retirement as Chairman, I would like to personally
express my thanks for his support, guidance, and counsel throughout his tenure
and to congratulate him on his notable achievements.

He has played a key role in the progress and development of Volution since our
listing in 2014, and we are extremely grateful for his commitment, dedication,
and input.

Nigel will undoubtedly be an excellent successor to Paul, having already
provided significant support and value as a Board member and, more
specifically, as Audit Committee Chair.  I am looking forward to continuing
our working relationship as he steps up into his new role as Chairman of the
Board on 23 June."

 

There are no other details that are required to be disclosed in respect of
Rule 9.6.13 of the Listing Rules.

-Ends-

 

  For further information:

 Volution Group plc
 Ronnie George, Chief Executive Officer             +44 (0) 1293 441501
 Andy O'Brien, Chief Financial Officer              +44 (0) 1293 441536

Note to Editors:

 

●       There is no additional information to be disclosed in respect
of Jonathan Davis pursuant to Listing Rule 9.6.13 (2) to (6).

 

●       At the date of this announcement, Jonathan Davis has no
beneficial interests in ordinary shares of Volution.

 

●       Directorships of Publicly Quoted Companies held in the last 5
years:

          Rotork plc

 

●       Volution Group plc (LSE: FAN) is a leading international
designer and manufacturer of energy efficient indoor air quality solutions.

 

●       Volution Group comprises 20 key brands across three regions:

 

          UK: Vent-Axia, Manrose, Diffusion, National Ventilation,
Airtech, Breathing Buildings, Torin-Sifan.

 

          Continental Europe: Fresh, PAX, VoltAir, Kair, Air
Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI.

 

          Australasia: Simx, Ventair, Manrose.

 

●      Legal Entity Identifier: 213800EPT84EQCDHO768

 

For more information, please go to: www.volutiongroupplc.com
(http://www.volutiongroupplc.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOADKLBFXQLZBBZ