Renew Holdings PLC Directorate Change
RNS Number : 6566L
Renew Holdings PLC
17 May 2022
Renew Holdings plc
("Renew" or the "Group")
The Board of Renew announces the following Board changes with
As referred to in a previous announcement, David Forbes has now
resigned as Chairman and Director of Renew, after almost 11 years
on the Board. The Board would like to thank David for his
outstanding contribution to the transformation of the Group during
his tenure and wish him all the best in the future as he continues
to pursue his other business interests.
David Brown, currently Senior Independent Director and Chair of
the Remuneration Committee, has been appointed Non-executive
Chairman of Renew and Chairman of the Company's Nomination
Committee. David joined the Board in 2017 and has made a
significant contribution to the development of the strategy and
success of the Group over this period.
Shatish Dasani, currently Chair of the Audit & Risk
Committee, has additionally assumed the responsibilities of Senior
Stephanie Hazell, currently Non-executive Director, has been
appointed as Chair of the Remuneration Committee.
As previously announced, the Board continues to search for an
additional Non-Executive Director to strengthen the Board.
Paul Scott, CEO said:
"I would like to thank David for his support and commitment to
both me personally and the Renew Board. During David's tenure on
the Board, the Group has grown significantly and has delivered
outstanding shareholder returns. He leaves the business in a strong
financial position with excellent growth prospects."
"I am delighted that David Brown has taken over the Chair. He
has been a member of the Board for the last 5 years during which
time he has made a significant contribution to the Group's
progress. His appointment will provide important continuity as we
continue to deliver on our strategic priorities."
For further information, please contact:
Renew Holdings plc www.renewholdings.com
Paul Scott, Chief Executive Officer via FTI Consulting
Sean Wyndham-Quin, Chief Financial Officer 020 3727 1000
Numis Securities Limited (Nominated Adviser
and Joint Broker) 020 7260 1000
Stuart Skinner / Kevin Cruickshank
Peel Hunt LLP (Joint Broker) 020 7418 8900
Mike Burke / Harry Nicholas / Charles
FTI Consulting (Financial PR) 020 3727 1000
Alex Beagley / Sam Macpherson / Rafaella Renew@fticonsulting.com
About Renew Holdings plc
Renew is a leading UK Engineering Services business, performing
a critical role in keeping the nation's infrastructure functioning
efficiently and safely. The Group operates through independently
branded subsidiaries across its chosen markets, delivering
non-discretionary maintenance and renewal tasks through its highly
skilled, directly employed workforce.
Renew's activities are focused into two business streams:
Specialist Engineering, which accounts for over 95 per cent of the
Group's adjusted operating profit, focuses on the key markets of
Rail, Infrastructure, Energy (including Nuclear) and Environmental
which are largely governed by regulation and benefit from
non-discretionary spend with long-term visibility of committed
Specialist Building focuses on the High Quality Residential and
Science markets in London and the Home Counties.
For more information please visit the Renew Holdings plc
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