TIDMWJG
RNS Number : 5867F
Watkin Jones plc
19 July 2021
For immediate release 19 July 2021
Watkin Jones plc
('Watkin Jones' or the 'Group')
Board succession update
On 14 April 2021, Watkin Jones plc (AIM:WJG) announced that as
part of its long term Board succession planning, Grenville Turner
had given notice of his intention to retire as Chair during 2021
and that Phil Byrom, Chief Financial Officer, had also given notice
of his intention to retire in 2022. Following an active recruitment
process, the Board is pleased to announce the appointments of a new
Chair-designate and CFO-designate.
Appointment of non-executive director and Chair-designate
Alan Giddins is appointed as non-executive director and
Chair-designate with immediate effect. It is intended that
Grenville will step down from the Board in October 2021 and that
Alan will take over as Chair, having allowed time for an orderly
handover.
Alan is currently Chair of Hill & Smith Holdings PLC, the
FTSE 250 international group creating sustainable infrastructure
and safe transport solutions, having joined in October 2017 as the
Senior Independent Director, before assuming the role of Chair in
October 2019. Alan is also a non-executive director and investment
committee member of Big Society Capital Limited, the UK's largest
social impact-led investor.
Alan brings a wealth of board, investment and ESG experience,
having been Managing Partner and Global Head of Private Equity at
3i Group plc ('3i'), and sat on the boards of a number of 3i's
largest private equity investments. Prior to joining 3i in 2005,
Alan spent 13 years in investment banking advising a broad range of
quoted companies. He qualified as a chartered accountant and has a
degree in economics.
Appointment of Chief Financial Officer-designate
Sarah Sergeant is appointed to the Board as Chief Financial
Officer-designate with effect from 6 October 2021. Phil Byrom will
step down from the Board, and Sarah step up to CFO after a suitable
handover period.
Sarah is currently the Chief Financial Officer of the UK &
Ireland region at Compass Group PLC, the FTSE 30 food and support
services company. She has held a number of senior finance and
operational roles over her 13-year tenure at Compass, including
Group Financial Controller, M&A Director, and CFO of the Asia
Pacific region, based in Singapore. Sarah brings considerable
financial, strategic and operational experience from across the
commercial spectrum. She is a chartered accountant.
Grenville Turner, Chair, commented on the Board appointments:
"We are delighted to welcome Alan and Sarah to the Board. Alan
brings considerable expertise particularly in guiding companies
through the execution of their growth strategies and Sarah brings
significant financial and operational experience working in complex
businesses. Their experience will be invaluable to Watkin Jones as
we continue to grow the business."
For further information:
Watkin Jones plc
Grenville Turner, Non-Executive Chair Tel: +44 (0) 20 3617 4453
Richard Simpson, Chief Executive Officer
Phil Byrom, Chief Financial Officer www.watkinjonesplc.com
Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker) Tel: +44 (0) 20 7418 8900
Mike Bell / Ed Allsopp www.peelhunt.com
Jefferies Hoare Govett (Joint Corporate Broker) Tel: +44 (0) 20 7029 8000
Max Jones / Will Soutar www.jefferies.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Richard Oldworth
Jamie Hooper / Steph Watson Tel: +44 (0) 20 7466 5000
watkinjones@buchanan.uk.com www.buchanan.uk.com
Disclosures required by Schedule 2(g) of the AIM Rules for
Companies:
Alan Clifford Bence Giddins, aged 55, holds or has previously
held the following directorships and partnerships in the last five
years:
Current appointments Appointments held within
the last five years
--------------------------------- -----------------------------
Big Society Capital Limited 3i Investments plc
Buyouts C&C 2010A LP Boketto Holdco Limited
Growth C&C 2010 LP Buyouts CCC 08-10 A LP
Hill & Smith Holdings PLC Harper Topco Limited
Pan European Buyouts Co-invest Pan European Buyouts 2004-06
2006-08 LP LP
PE 2013-16 DBD LP
PE 2013-16 Pool LP
PE 2016-19 Co-invest LP
PE 2016-19 DBD LP
PE 2016-19 Pool LP
The Tennis & Rackets Association
Limited
Sarah Jane Sergeant (nee Chapman), aged 48, holds or has
previously held the following directorships in the last five
years:
Current appointments Appointments held within the last
five years
------------------------------------ ----------------------------------------
14Forty Limited Audrey (London) Limited
3 Gates Services Limited Audrey Investments Limited
A.C.M.S. Limited Bateman Services Limited
Bateman Catering Limited Compass Group Finance No. 3 Limited
Bateman Catering Organization Compass Group Finance No.2 Limited
Limited (The)
Bateman Healthcare Services Compass Group Finance No.4 Limited
Limited
Baxter and Platts Limited Compass Group Finance No.5 Limited
Bromwich Catering Limited Compass Group North America Investments
Limited
Business Clean Limited Compass Group North America Investments
No.2
Capitol Catering Management Compass Group Trustees Limited
Services Limited
Carlton Catering Partnership Compass Healthcare Group Limited
Limited
Castle Independent Limited Compass Hospitality Group Holdings
Limited
Cataforce Limited Compass Hospitality Group Limited
Caterexchange Limited Compass Hotels Chertsey
Caterskill Group Limited Compass Nominee Company Number Fourteen
Limited
Caterskill Management Limited Compass Overseas Holdings Limited
CCG (UK) Limited Compass Overseas Holdings No.2 Limited
Chalk Catering Limited Compass Overseas Services Limited
Chartwells Hounslow (Feeding Compass Pension Trustees Limited
Futures) Limited
Chartwells Limited Compass Quest Limited
Circadia Limited Compass Scottish Site Services Limited
Cleaning Support Services Limited Compass Site Services Limited
Coffee Partners Limited Compass UK Pension Trustee Co Limited
Compass Accounting Services Eurest Support Services (Cyprus)
Limited International Limited
Compass Catering Services Limited Gogmore
Compass Cleaning Services Limited Meritglen Limited
Compass Contract Services (U.K.) New Famous Foods Limited
Limited
Compass Contract Services Limited Nextonline Limited
Compass Contracts UK Limited Riversdell
Compass Experience Limited Sevita (UK) Limited
Compass Food Services Limited
Compass Group Medical Benefits
Limited
Compass Group Procurement Limited
Compass Group, UK and Ireland
Limited
Compass Mobile Catering Limited
Compass Office Cleaning Services
Limited
Compass Offshore Catering Limited
Compass Payroll Services Limited
Compass Planning and Design
Limited
Compass Purchasing Limited
Compass Restaurant Properties
Limited
Compass Road Services Limited
Compass Secretaries Limited
Compass Security Limited
Compass Security OldCo Group
Limited
Compass Security OldCo Holdings
Limited
Compass Security OldCo Investments
Limited
Compass Services (Midlands)
Limited
Compass Services (U.K.) Limited
Compass Services for Hospitals
Limited
Compass Services Group Limited
Compass Services Limited
Compass Services Trading Limited
Compass Services, UK and Ireland
Limited
Compass Staff Services Limited
Cookie Jar Limited
Crbs Resourcing Limited
Crn 1990 (Four) Limited
Customised Contract Catering
Limited
Cygnet Foods Holdings Limited
Cygnet Foods Limited
Dine Contract Catering Limited
Dre Developments Limited
Eat Dot Limited
Eaton Catering Limited
Eaton Wine Bars Limited
Eurest Airport Services Limited
Eurest Defence Support Services
Limited
Eurest Offshore Support Services
Limited
Eurest Prison Support Services
Limited
Eurest UK Limited
Everson Hewett Limited
Facilities Management Catering
Limited
Fads Catering Limited
Fairfield Catering Company Limited
Feedr Limited
Fingerprint Managed Services
Limited
Foodbuy Europe Limited
Funpark Caterers Limited
Goodfellows Catering Management
Services Limited
Gruppo Events Limited
Hallmark Catering Management
Limited
Hamard Catering Management Services
Limited
Hamard Group Limited
Henry Higgins Limited
Hospital Hygiene Services Limited
ICM Five Star Limited
Integrated Cleaning Management
Limited
Integrated Cleaning Management
Support Services Limited
Keith Prowse Limited
Kennedy Brookes Finance Limited
Knott Hotels Company Of London
Langston Scott Limited
Leisure Support Services Limited
Leith's Limited
Letheby & Christopher Limited
Lough Erne Holiday Village Limited
Meal Service Company Limited
Milburns Catering Contracts
Limited
Milburns Limited
Milburns Restaurants Limited
National Catering Limited
National Leisure Catering Limited
NLC (Holdings) Limited
NLC (Wembley) Limited
P & C Morris (Catering) Limited
P & C Morris Catering Group
Limited
Payne & Gunter Limited
Pdm Training and Compliance
Services Limited
Pennine Services Limited
Peter Parfitt Leisure Overseas
Travel Limited
Peter Parfitt Sport Limited
PPP Infrastructure Management
Limited
Prideoak Limited
QCL Limited
Quaglino's Limited
Reliable Refreshments Limited
Rhine Four Limited
Roux Fine Dining Limited
Scolarest Limited
Security Office Cleaners Limited
Selkirk House (CVH) Limited
Selkirk House (FP) Limited
Selkirk House (GHPL) Limited
Selkirk House (GTP) Limited
Selkirk House (Wbrk) Limited
Shaw Catering Company Limited
Ski Class Limited
Solutions On Systems Ltd
Springboard UK Limited
Summit Catering Limited
Sunway Contract Services Limited
Sutcliffe Catering Midlands
Limited
Sutcliffe Catering South East
Limited
Sycamore Newco Limited
The Charleston Trust (Bloomsbury
In Sussex)
The Compass Group Foundation
The Cuisine Centre Limited
The Excelsior Insurance Company
Limited
The Springboard Charity
THF Oil Limited
Tunco (1999) 103 Limited
Vendepac Holdings Limited
Waseley (CVI) Limited
Waseley (CVS) Limited
Waseley Fifteen Limited
Waseley Nominees Limited
Wembley Sports Arena Limited
Wheeler's Restaurants Limited
Woodin & Johns Limited
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules
for Companies in respect of Alan Giddins or Sarah Sergeant.
Notes to Editors
Watkin Jones is the UK's leading developer and manager of
residential for rent, with a focus on the build to rent and student
accommodation sectors. The Group has strong relationships with
institutional investors, and a reputation for successful,
on-time-delivery of high quality developments. Since 1999, Watkin
Jones has delivered 43,000 student beds across 130 sites, making it
a key player and leader in the UK purpose-built student
accommodation market. In addition, Fresh, the Group's specialist
accommodation management business, manages over 20,000 student beds
and build to rent apartments on behalf of its institutional
clients. Watkin Jones has also been responsible for over 80
residential developments, ranging from starter homes to executive
housing and apartments. The Group is increasingly expanding its
operations into the build to rent sector.
The Group's competitive advantage lies in its experienced
management team and business model, which enables it to offer an
end-to-end solution for investors, delivered entirely in-house with
minimal reliance on third parties, across the entire life cycle of
an asset.
Watkin Jones was admitted to trading on AIM in March 2016 with
the ticker WJG.L. For additional information please visit
www.watkinjonesplc.com
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