TIDMSFR

RNS Number : 3998B

Severfield PLC

03 October 2022

3 October 2022

Severfield plc

('the Company' or 'the Group')

Directorate Change

Appointment of Mark Pegler as Non-Executive Director

Severfield plc, the market leading structural steel group, is pleased to announce the appointment of Mark Pegler as a non-executive director with effect from 5 October 2022. [He will serve on the Company's Remuneration, Nomination and Audit committees.] The appointment forms part of Severfield's board succession process.

Mark Pegler is an experienced FTSE 250 Chief Financial Officer, having spent over a decade as Chief Financial Officer at Hill & Smith plc. His successful tenure there saw significant growth of the business, completing multiple bolt-on acquisitions and expanding the company internationally.

Mark is also a Non-Executive Director and Chair of the Audit Committee at ELE Technologies Ltd, which provides manufacturing services for the Aerospace, Industrial Gas Turbine and Automotive markets.

He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).

Kevin Whiteman, Non-Executive Chairman, commented:

"We are pleased to welcome Mark to the Board of Severfield. He brings a wealth of relevant experience having spent a decade as CFO of a FTSE 250 business. His knowledge will be highly beneficial to Severfield as we continue to build on the considerable positive momentum within the business."

ENDS

For further information, please contact:

Severfield Alan Dunsmore 01845 577 896

Chief Executive Officer

   Adam Semple                                       01845 577 896

Chief Financial Officer

Jefferies International Simon Hardy 020 7029 8000

   Will Soutar                                            020 7029 8000

Liberum Capital Nicholas How 020 3100 2000

   Ben Cryer                                              020 3100 2000

Camarco Ginny Pulbrook 020 3757 4980

   Tom Huddart                                         020 3757 4980

Notes to editors:

Severfield is the UK's market leader in the design, fabrication and construction of structural steel, with a total capacity of c.150,000 tonnes of steel per annum. The Group has six sites, c.1,500 employees and expertise in large, complex projects across a broad range of sectors. The Group also has an established presence in the expanding Indian market through its joint venture partnership with JSW Steel (India's largest steel producer).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOABKKBBNBKDKCN

(END) Dow Jones Newswires

October 03, 2022 02:00 ET (06:00 GMT)

Severfield (AQSE:SFR.GB)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Severfield Charts.
Severfield (AQSE:SFR.GB)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Severfield Charts.