McBride PLC Directorate Change (6026P)
June 11 2020 - 1:00AM
UK Regulatory
TIDMMCB
RNS Number : 6026P
McBride PLC
11 June 2020
11 June 2020
McBride plc
Directorate Change
McBride plc (the "Group"), the leading European manufacturer and
supplier of Contract Manufactured and Private Label products for
the domestic Household and professional cleaning and hygiene
markets, announces the appointment of Chris Smith as Chief
Executive Officer (CEO) from today. Chris joined the Group in 2015
as Chief Financial Officer (CFO).
Ludwig de Mot , who was appointed CEO on 1 November 2019, has
left the Group with immediate effect. We are grateful for his
contribution to McBride and wish him well in his future
endeavours.
The Group's Nomination Committee has commenced a search for a
CFO and in the meantime the Group intends to appoint an external
candidate as interim who will be supported by the Group's
experienced finance team. During this time, Chris will provide
support with the transition and an orderly handover of CFO
responsibilities to his successor.
The Board can confirm that there has been no material change in
the trading or financial prospects of the Group since McBride
issued its trading update on 19 May 2020.
Jeff Nodland, Chairman, said:
"I am delighted that Chris has accepted the role as the Group's
new CEO. Over the five years Chris has been with McBride, he has
demonstrated his strong international leadership capabilities in
multi-site and multi-country organisations. Chris has always been
dedicated and passionate about the business and the Board believe
his determination and enthusiasm make him the best person to lead
the Company through its strategy review and beyond."
Chris Smith said:
"I look forward to working with the Board and the wider team at
McBride as CEO to complete our strategy review and take the
business forward as we implement our plans. I firmly believe in our
ability to create sustained value for our shareholders as we
continue to evolve and adapt this business for the future."
For further information please contact:
McBride plc
Chris Smith, Chief Executive Officer 0161 203 7570
Glenda MacGeekie, Company Secretary
FTI Consulting LLP 020 3727 1017
Ed Bridges, Nick Hasell
Note: This announcement contains inside information which is
disclosed in accordance with the Market Abuse Regulation which came
into effect on 3 July 2016.
-Ends-
Notes and other disclosures
Payments on termination to Mr de Mot will be made in accordance
with his service contract. No bonus or share awards are due under
the Remuneration Policy or otherwise.
There are no additional matters that would require disclosure
under LR 9.6.11 or LR 9.6.14.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAEAFKEFELEEAA
(END) Dow Jones Newswires
June 11, 2020 02:00 ET (06:00 GMT)
Mcbride (LSE:MCB)
Historical Stock Chart
From Apr 2024 to May 2024
Mcbride (LSE:MCB)
Historical Stock Chart
From May 2023 to May 2024