Volution Group plc Volution Group appoints CFO Designate (6892V)
April 10 2019 - 1:01AM
UK Regulatory
TIDMFAN
RNS Number : 6892V
Volution Group plc
10 April 2019
Wednesday 10 April 2019
Volution Group plc
Appointment of Chief Financial Officer Designate
Volution Group plc (the "Company", the "Group" or "Volution",
LSE: FAN) a leading supplier of ventilation products to the
residential and commercial construction markets, is pleased to
announce the appointment of Andy O'Brien as Chief Financial Officer
Designate.
This is further to the announcement on 21 January 2019 that Ian
Dew, current Chief Financial Officer ("CFO"), would retire from
Volution and his position as CFO during 2019. Andy's commencement
date as CFO and appointment to the Board of Volution will be
announced in due course with Ian continuing in the role of CFO with
a short transitional period after Andy joins.
Andy joins Volution following nine years at Aggreko plc, a
FTSE-250 global provider of temporary power, heating and cooling
solutions, where he held numerous senior finance roles including
most recently Finance Director, Power Solutions. He has a broad
international background working internationally in a global
business environment and has lived and worked in the Nordics as
well as the UK, Dubai and Singapore. Throughout his career, Andy
has operated in environments where cost control has been critical
and in his role at Aggreko, Andy also oversaw revenues totalling
$1.2 billion and worked on a number of international
acquisitions.
Prior to joining Aggreko, Andy spent four years at Vetco Gray, a
supplier of products, systems and services for onshore and offshore
drilling and production, and six years at Lafarge SA, an
international building products company based in France.
Ronnie George, Chief Executive Officer of Volution,
commented:
"We are delighted to welcome Andy to the Group. He is a highly
accomplished senior executive who brings a wealth of financial
experience and understands what it takes to grow an international
business. Andy joins Volution Group at an exciting time in its
development and we look forward to working with him as we continue
our journey."
Andy O'Brien, CFO Designate, said:
"I am very pleased to be joining Volution. The Group has grown
rapidly since IPO, establishing itself as a major international
provider of ventilation, and continues to have an exciting future
ahead of it. I look forward to working with the Board and the teams
around the Group and being part of the next phase in Volution's
evolution."
A further announcement will be made when Ian Dew's retirement
date and Andy O'Brien's commencement date have been determined and
the information required under section 430(B) of the Companies Act
2006 in relation to Ian Dew's retirement will be made available on
Volution's website on retirement.
There is no additional information required to be disclosed
pursuant to paragraph LR9.6.13R of the Listing Rules of the
Financial Conduct Authority.
- ends -
For further information:
Enquiries:
Volution Group plc
Ronnie George, Chief Executive
Officer +44 (0) 1293 441501
Ian Dew, Chief Financial Officer +44 (0) 1293 441536
+44 (0) 207 353
Tulchan Communications 4200
James Macey White
David Ison
Legal Entity Identifier: 213800EPT84EQCDHO768.
Note to Editors:
Volution Group plc (LSE: FAN) is a leading supplier of
ventilation products to the residential and commercial construction
markets in the UK, the Nordics, Central Europe and Australasia.
The Volution Group operates through two divisions: the
Ventilation Group and the OEM (Torin-Sifan) division. The
Ventilation Group comprises 16 key brands - Vent-Axia, Manrose,
Diffusion, National Ventilation, Airtech, Breathing Buildings,
Fresh, PAX, VoltAir, Welair, Kair, Air Connection, inVENTer,
Ventilair, Simx and Ventair, focused primarily on the UK, the
Nordic, Central European and Australasian ventilation markets. The
Ventilation Group principally supplies ventilation products for
residential and commercial ventilation applications. The OEM
(Torin-Sifan) division supplies motors, fans and blowers to OEMs of
heating and ventilation products for both residential and
commercial construction applications in Europe. For more
information, please go to: www.volutiongroupplc.com
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contact rns@lseg.com or visit www.rns.com.
END
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