REG - Wincanton PLC - Directorate change

WincantonAnnouncement

09/05/2019 07:05

RNS Number : 4371Y
Wincanton PLC
09 May 2019
 





For Immediate Release


9 May 2019



 
WINCANTON PLC ("Wincanton" or the "Group")
Directorate change
 
Wincanton, the largest British third party logistics company, today announces that Adrian Colman, Chief Executive, has formally notified the Board of his intention to retire. He will therefore step down from the Board later this year. The Board is pleased to announce that he will be succeeded by James Wroath, currently Chief Operating Officer, North America for LSG Sky Chefs.
 
James' appointment follows a comprehensive search process undertaken by the Board's Nomination Committee, as part of its succession planning, supported by an external search firm.
 
James has been Chief Operating Officer of North America for LSG Sky Chefs since 2015. Previously, he was a Senior Vice President for Kuehne & Nagel in the UK and North America with senior roles in contract logistics and transportation between 2006 and 2015.  Prior to that, James worked in senior distribution roles with Scottish & Newcastle.
 
James is expected to join Wincanton no later than the end of October. In order to effect an orderly handover, Adrian will remain as Chief Executive and Board director until that time.
 
Dr Martin Read CBE, Chairman of Wincanton, said: "We are delighted to have appointed a candidate of James' calibre and look forward to welcoming him to the Board. He has deep experience in logistics and the broader business services environment and will be focused on exploiting Wincanton's respected market position, its extensive national coverage and its strong operational base to deliver profitable growth. 
 
"On behalf of the Board, I also want to acknowledge the significant contribution that Adrian has made during his six years with the Group. During his tenure, Wincanton has successfully rebuilt its financial position and considerably improved the reliability of its earnings. We thank Adrian for his commitment and hard work and wish him all the very best for the future."
 
For further information, please contact:



Wincanton plc


Tel: 01249 710 000




Dr Martin Read CBE, Chairman








Tim Lawlor, Chief Financial Officer


















Buchanan (Financial PR)


Tel: 0207 466 5000




Richard Oldworth








Victoria Hayns








Maddie Seacombe


wincanton@buchanan.uk.com  



 
Notes:
Listing Rule 9.6.13R
The Company confirms that there are no disclosures to be made in connection with Mr Wroath's appointment in accordance with Listing Rule 9.6.13R. 
Information regarding Mr Colman  
Information on payments to be made to Adrian Colman after he ceases to be a director, which the Company is required to make available under s430(2B) of the Companies Act 2006, can be accessed via the Investors section on www.wincanton.co.uk 




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