SIG PLC Directorate Change (5451T)
July 04 2018 - 1:37AM
UK Regulatory
TIDMSHI
RNS Number : 5451T
SIG PLC
04 July 2018
4 July 2018
SIG plc
Directorate Change
Appointment and retirement of Non-Executive Directors
SIG (the "Company"), a leading European supplier of specialist
building materials, announces that Mr Alan Lovell and Mr Cyrille
Ragoucy have been appointed Non-Executive Directors of the Company
with effect from 1 August 2018. Mr Lovell has also been appointed
as the Senior Independent Director.
Further to the announcement made on 9 March 2018, the Company
confirms that Mr Mel Ewell will retire as a Non-Executive Director
of the Board with effect from 31 July 2018.
The Chairman of SIG, Andrew Allner said:
"I would like to welcome Alan and Cyrille to the Board. Both
Alan and Cyrille bring extensive construction industry and
turnaround experience in the UK and Europe. Their joining the Board
will significantly benefit the Company as it executes its medium
term turnaround plan and develops its long term vision and strategy
for the future.
On behalf of the Board, I would like to thank Mel for his
contribution to the Company over the last seven years and in
particular for his period as Interim Chief Executive prior to the
appointment of Meinie Oldersma as Chief Executive Officer."
Enquiries:
SIG plc
Andrew Allner, Chairman 0114 285 6300
Meinie Oldersma, Chief Executive
Officer 0114 285 6300
FTI Consulting
Richard Mountain / Nick Hasell 020 3727 1340
Notes to editors:
1. Further details on Alan Lovell
Alan has significant listed company Board experience as a
Chairman and Non-Executive Director. He is currently the
Non-Executive Chairman of Flowgroup plc (since 2017) and also
National Chairman of the Consumer Council for Water (since 2015).
In his executive career (prior to 2009), he was Chief Executive of
six companies, three in Construction (including Costain), one in
fast-moving consumer goods (FMCG) and two in waste-to-energy. More
recently he was the Chairman of Tamar Energy Ltd (until 2015),
Non-Executive Council Member of Lloyds of London (until 2016), the
Senior Independent Director of Sweett Group plc (until 2016),
Chairman of Sepura plc (until 2017) and Non-Executive Director of
Carillion plc for ten weeks (November 2017 to January 2018).
At the date of this announcement, Alan has no holding in the
ordinary shares of the Company.
There are no further details required to be disclosed pursuant
to Listing Rule 9.6.13R.
2. Further details on Cyrille Ragoucy
Cyrille, a French National, has thirty years' experience in
construction products. His last position was CEO of Tarmac Ltd
(until 2016) a leading building materials and construction
solutions firm where he oversaw creation of the joint venture
between Lafarge SA and Anglo American as well as the integration of
several acquisitions, before the entity was purchased by CRH, a
large, Irish construction firm in August 2015. Since 2017 he has
been Non-Executive Chairman of Balta Group NV and Chryso Group. He
is a highly effective and internationally experienced CEO, who
defines and executes business plans that achieve shareholder and
investor returns.
At the date of this announcement, Cyrille has no holding in the
ordinary shares of the Company.
There are no further details required to be disclosed pursuant
to Listing Rule 9.6.13R.
3. Visit our website: www.sigplc.com
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END
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