Stelrad Group PLC Directorate Change (3036V)
December 01 2023 - 1:00AM
UK Regulatory
TIDMSRAD
RNS Number : 3036V
Stelrad Group PLC
01 December 2023
Stelrad Group plc
Resignation of NED
Stelrad Group plc ("Stelrad" or "the Group" or "the Company",
LSE: SRAD) announces today that Terry Miller, Non-Executive
Director and Senior Independent Director, has given notice of her
intention to step down from the Board and its Committees on 31
December 2023 having originally joined the Group in October 2021 as
part of Stelrad's IPO.
A replacement Non-Executive Director and Senior Independent
Director will be appointed in due course.
Bob Ellis, Chair of Stelrad, said:
"On behalf of the Board, I would like to thank Terry for the
contribution that she has made to the Company over the past two
years and we wish her well for the future."
There is no other information to be disclosed under Listing Rule
9.6.11
Enquiries
Stelrad Group plc
Trevor Harvey, Chief Executive Officer +44 (0)191 261 3301
Powerscourt +44 (0)7855 432 699
James White / Pete Lambie stelrad@powerscourt-group.com
Notes to Editors
Stelrad Group plc is a leading specialist radiator manufacturer,
selling an extensive range of hydronic, hybrid, dual fuel and
electrical heat emitters to more than 500 customers in over 40
countries. These include standard, premium and low surface
temperature (LST) steel panel radiators, towel warmers, decorative
steel tubular, steel multicolumn and aluminium radiators.
The Group has five core brands: Stelrad, Henrad, Termo Teknik,
DL Radiators and Hudevad. In the countries reported by BRG Building
Solutions in 2023 to date, Stelrad moved into a market leadership
position, with 18.5% share by volume of the combined UK, European
and Turkish steel panel radiator market. The Group is now market
leader in six countries - the UK, Ireland, France, the Netherlands,
Belgium and Denmark, with a top 3 position in a further five
territories.
Stelrad is headquartered in Newcastle upon Tyne in the UK and in
2022 employed 1,500+ people, with manufacturing and distribution
facilities in Çorlu (Turkey), Mexborough (UK), Moimacco (Italy) and
Nuth (Netherlands), with further commercial and distribution
operations in Kolding (Denmark) and Krakow (Poland).
The Group's origins date back to the 1930s and Stelrad enjoys
long established commercial relationships with many of its
customers, having served each of its top five current customers for
over twenty years.
Further information can be found at:
https://stelradplc.com/.
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END
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