RNS Number : 1057X

Airea PLC

25 August 2022

25(th) August 2022


(the "Company")

Appointment of Chief Executive

AIREA plc is pleased to announce the appointment of Mederic Payne as Chief Executive Officer and as a member of the Board of Directors.

Mederic is an experienced business leader with a strong background in multinational home improvement retail and wholesale. Most recently he was Managing Director of Multi-Brands with Al-Futtaim Group where he was key a key driver in the strategic development and transformation of the business. Mederic has also held senior roles with Kingfisher Group plc and Landmark Retail Group plc.

Mederic brings extensive leadership, commercial and marketing expertise to the role with a passion for developing people.

Mederic Payne said "I am delighted to be taking on the role of AIREA's Chief Executive at such an exciting time in its development, with great foundations for us to build upon and continue its success."

Martin Toogood, Non-Executive chairman, said "We are pleased to appoint someone with Mederic's commercial expertise as chief executive."

Mederic Robert George Payne (48) is currently a director of Orbtek Group SAS. He has held no other directorships in the last five years.

Mederic has no beneficial interest in the Ordinary Shares of the Company.

Save as set out above there are no other disclosures in respect of the appointment Mederic Payne that are required to be made under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.


 Ryan Thomas                              via 01924 266 561 
 Group Finance Director 
 Peter Steel / Daniel Dearden-Williams    020 7496 3000 
 Singer Capital Markets 

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(END) Dow Jones Newswires

August 25, 2022 02:00 ET (06:00 GMT)

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