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RNS Number : 1583H

Severfield PLC

26 July 2023

Severfield plc

('the Company' or 'the Group')

Directorate Change

Severfield plc, the market leading structural steel group, announces that Ian Cochrane, an executive director of the Company, will be leaving the Company on 30 September 2023. He is leaving to pursue other interests and the role of COO is not being replaced, rather COO duties are being re-assigned to other executive directors and the senior leadership team.

Kevin Whiteman, Non-Executive Chairman, commented:

" We would like to thank Ian for his contribution to Severfield. Ian has been a member of the board of directors of the Company since 2013 and has been with the Group since 2007. He has overseen a number of important initiatives and contributed significantly to the profitable growth of the Group in recent years."

ENDS

For further information, please contact:

 
                            Alan Dunsmore 
                             Chief Executive    01845 577 
 Severfield                  Officer             896 
  Adam Semple 
   Chief Financial                              01845 577 
   Officer                                       896 
                                                020 7029 
 Jefferies International    Simon Hardy          8000 
                                                020 7029 
  Will Soutar                                    8000 
                                                020 3100 
 Liberum Capital            Nicholas How         2000 
                                                020 3100 
  Ben Cryer                                      2000 
                                                020 3757 
 Camarco                    Ginny Pulbrook       4992 
                                                020 3757 
  Tom Huddart                                    4980

Notes to editors - Severfield:

Severfield is the UK's market leader in the design, fabrication and construction of structural steel, with a total capacity of c.150,000 tonnes of steel per annum. The Group has seven sites, c.1,800 employees and expertise in large, complex projects across a broad range of sectors. The Group also has an established presence in the expanding Indian market through its joint venture partnership with JSW Steel (India's largest steel producer).

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END

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July 26, 2023 02:00 ET (06:00 GMT)

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