Halfords Group PLC Directorate Change (9951I)
March 27 2018 - 1:01AM
UK Regulatory
TIDMHFD
RNS Number : 9951I
Halfords Group PLC
27 March 2018
This announcement contains inside information for the purposes
of article 7 of Regulation 596/2014 ("MAR").
27 March 2018
Directorate change
Halfords Group plc ("Halfords") announces that Jonny Mason,
Chief Financial Officer (CFO), has resigned from the business to
take up the position of Group Finance Director at Dixons Carphone
plc. Jonny will remain as CFO of Halfords until the end of his
notice period in September 2018. The Board has commenced the
process to identify his successor.
Commenting on behalf of the Board, Dennis Millard, Chairman,
said:
"We are grateful to Jonny for the positive impact he has made
across the business and the crucial role he played as Interim Chief
Executive prior to Graham Stapleton joining Halfords as CEO in
January. Jonny will leave Halfords with a strong and highly
regarded finance team. His contribution to The Moving Up A Gear
strategy was significant and it continues to deliver momentum
across the organisation. We all look forward to continuing to work
with him over the next few months and he will leave with our best
wishes for the future."
Jonny said:
"Halfords is a great business. I have been constantly inspired
by the enthusiasm and professionalism of colleagues throughout the
organisation. I am very proud of the progress we have achieved as a
team over the last few years in modernising the business to meet
the ever more demanding needs of our customers. I have very much
enjoyed my time at Halfords, but for me this is an exciting new
opportunity with another great business. Halfords is in very good
hands and I am confident that it will thrive in the years
ahead."
This announcement is issued in respect of the Listing Rules
clause 9.6.11 (2).
Results for the 52 weeks ended 30 March 2018 ("FY18") are
scheduled to be announced on 22 May 2018. The Board anticipates
underlying FY18 profit before tax will be in line with current
market expectations.
Enquiries:
Halfords
Dennis Millard, Chairman +44 (0) 1527 513 276
Adam Phillips, Corporate Finance & Investor Relations
Director +44 (0) 1527 513 113
Teneo Blue Rubicon
Ben Foster
+ 44 (0) 20 7420 3198
Notes to Editors
Summary of Jonny Mason's remuneration arrangements on exit
Following his resignation, subject to his continued employment,
Jonny will receive his normal salary and associated benefits until
his leaving date. Jonny's long-term incentive arrangements in
respect of his awards under the PSP and SAYE schemes (as detailed
in the 2017 annual report) will lapse. Jonny will be eligible to
receive only the cash element of his annual bonus for the year
ended 30 March 2018, if due. All annual bonus deferred share awards
will lapse.
About Halfords Group
Halfords is the UK's leading retailer of motoring, cycling and
leisure products and services, as well as one of the UK's leading
independent operators in vehicle servicing, maintenance and
repairs. Customers shop at 460 Halfords stores and 19 Cycle
Republic shops in the UK and Republic of Ireland and at
halfords.com or cyclerepublic.com for pick-up at their local store
or direct home delivery. Customers can also shop at three Tredz
stores and a Giant store in South Wales as well as online at
tredz.co.uk and wheelies.co.uk for cycling products and direct home
delivery. Halfords Autocentres operates from 316 sites nationally
and offers motorists high-quality MOTs, repairs and car servicing
at affordable prices.
Halfords employs approximately 10,000 colleagues. The Retail
offering encompasses significant ranges in car parts, cycling
products, in-car technology, child seats, roof boxes and camping
equipment. Halfords' key own cycling brands in-stores include
Apollo, Carrera, Boardman, Pendleton and Wiggins, augmented by a
range of other brands of cycles and accessories, including Voodoo
and Raleigh and, through Tredz, a wide range of premium brands
including Giant, Specialized, Cannondale, Cube and Scott. In
Motoring, the Halfords Essentials and Halfords Advanced ranges are
sold alongside brands such as General Electric, Bosch, Garmin,
TomTom, Karcher, Thule and Autoglym. Halfords offers more than 70
in-store services including a fitting service called 'wefit' for
car parts, child seats, satellite navigation and in-car
entertainment systems, and a 'werepair' service for cycles.
www.halfords.com www.cyclerepublic.com www.tredz.co.uk
www.halfordsautocentres.com www.boardmanbikes.com www.wheelies.co.uk
www.halfordscompany.com
Cautionary Statement
This report is based on information from unaudited management
accounts and contains certain forward-looking statements with
respect to the financial condition, results of operations, and
businesses of Halfords Group plc. These statements and forecasts
involve risk, uncertainty and assumptions because they relate to
events and depend upon circumstances that will occur in the future.
There are a number of factors that could cause actual results or
developments to differ materially from those expressed or implied
by these forward-looking statements. These forward-looking
statements are made only as at the date of this announcement.
Nothing in this announcement should be construed as a profit
forecast. Except as required by law, Halfords Group plc has no
obligation to update the forward-looking statements or to correct
any inaccuracies therein.
Halfords Group plc's LEI code is 54930086FKBWWJIOB179
The person responsible for arranging for the release of this
announcement on behalf of the Company is Tim O'Gorman
This information is provided by RNS
The company news service from the London Stock Exchange
END
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