PZ CUSSONS PLC Board changes (7041G)
March 19 2020 - 2:00AM
UK Regulatory
TIDMPZC
RNS Number : 7041G
PZ CUSSONS PLC
19 March 2020
19 March 2020
PZ Cussons Plc
Board changes
PZ Cussons plc ("PZ Cussons" or the "Company"), a leading
consumer products group, has announced today the appointment of a
new Chief Executive Officer with effect from 1 May.
The Company also announces the appointment of Jeremy Townsend as
a Non-executive Director with effect from 1 April. Jeremy is
currently Chief Financial Officer of Rentokil Initial plc but is
due to retire later this year. An experienced FTSE100 finance
director, he was previously Group Finance Director of Mitchells
& Butlers and held senior finance positions at Sainsbury's
after starting his career with Ernst & Young. He is also a
former Accounting Council Member of the Financial Reporting
Council. Since 2017, he has been a Non-executive Director and Chair
of the Audit Committee for Galliford Try plc. On appointment,
Jeremy will join the Audit & Risk Committee.
Jez Maiden, who has served the Board as a Non-executive Director
since 2016, has advised the Company of his intention to step down
on 31 May 2020. He will be succeeded as Chair of the Audit &
Risk Committee by Jeremy Townsend.
Caroline Silver, Chair of PZ Cussons, said:
"We are pleased to welcome Jeremy Townsend to the Board. He has
been part of a highly successful executive team at Rentokil Initial
and is also an experienced Non-executive Director and Audit Chair.
His appointment will further strengthen the Board and he will be an
able replacement for Jez Maiden as Chair of the Audit & Risk
Committee when he retires later this year.
I would also like to thank Jez for his years of service to the
Board and for the significant contribution which he has made to the
effective operation of the Audit & Risk Committee."
There are no further details in respect of Jeremy Townsend
requiring disclosure under Listing Rules 9.6.13(2) to 9.6.13(6)
inclusive.
- Ends -
For further information contact:
PZ Cussons Plc
Alan Bergin, Interim Chief Financial
Officer 0161 435 1027
Instinctif Partners
Tim Linacre
Guy Scarborough 0207 457 2020
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END
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