Alumasc Group PLC Chairman succession (6531T)
26 November 2021 - 6:00PM
UK Regulatory
TIDMALU
RNS Number : 6531T
Alumasc Group PLC
26 November 2021
26 November 2021
THE ALUMASC GROUP PLC
("ALUMASC" or 'the Group')
Chairman succession
Alumasc, the premium sustainable building products, systems and
solutions group, announces that Vijay Thakrar will take up the role
of Non-executive Chairman of the Group, with effect from 1 January
2022, following the retirement of John McCall as Chairman and
Non-executive Director on 31 December 2021.
Vijay Thakrar joined the Board of Alumasc as an independent
Non-executive director on 15 January 2019. Vijay was previously a
partner at Deloitte and EY before taking up a number of
Non-executive director (NED) roles. Vijay is currently a
non-executive director on the Boards of Alpha FX Group plc, RSM
Group and Treatt plc and a member of the Audit & Risk Committee
of the John Lewis Partnership.
Upon being appointed Chairman, Vijay Thakrar will chair the
Nomination Committee and step down as Chair of the Audit Committee,
in line with best practice. A search process for a new
Non-executive Director, who will Chair the Audit Committee is well
progressed, and an announcement will be made in the near
future.
Stephen Beechey will be appointed as Chairman of the
Remuneration Committee in succession to Jon Pither who retired on
21 October 2021, with immediate effect.
John McCall, Chairman of Alumasc, commented:
"I am delighted to announce that Vijay will succeed me as
Chairman of Alumasc in the New Year. Vijay has substantial board
and wide-ranging business experience from an impressive business
and non-executive career covering a number of large international
organisations, as well as extensive knowledge of the Group.
I am pleased to have served as Alumasc Chairman and to have been
part of the Company's evolution and development. I leave the Board
with my full support and wish them well for the future."
Vijay Thakrar said:
"I am delighted to be taking over as Chair from John and to be
working with the leadership team led by our Chief Executive, Paul
Hooper, to continue to build on the successful growth and leading
ESG credentials of the business. John has been an outstanding
Chairman, having founded the business, and he richly deserves a
happy retirement. John's role in guiding Alumasc to its very solid
position today, as a premium sustainable building products company,
cannot be overstated. His business acumen, intellect and ability to
read people has been invaluable and he leaves Alumasc in a very
strong position with really exciting opportunities to further grow
value for our stakeholders."
Paul Hooper, Alumasc Chief Executive said:
"I would like to thank John for the significant contribution he
has made to Alumasc's development and growth during his tenure with
our Board. We will miss his wise counsel and experience and wish
him a long, happy, and healthy retirement. I am looking forward to
working with Vijay more closely, and the rest of the Board to
develop and implement the Group's strategy."
In accordance with section 430 (2B) of the Companies Act 2006,
Alumasc confirms that no remuneration payment will be made by
Alumasc to John McCall after he ceases to be Chairman and
Non-executive Director of the Company, nor will any payment for
loss of office be made.
Enquiries:
Paul Hooper, CEO
Helen Ashton, Group Company Secretary + 44 (0)1536 383844
Peel Hunt (Broker)
Mike Bell
Ed Allsopp + 44 (0)207 418 8831
finnCap (NOMAD)
Julian Blunt + 44 (0)207 220 0561
Camarco
Ginny Pulbrook + 44 (0)203 757 4992
Daniel Sherwen + 44 (0)203 757 4980
Email: alumasc@camarco.co.uk
Notes to Editors:
Alumasc is a UK-based supplier of premium building products,
systems and solutions. Almost 80% of Group sales are driven by
building regulations and specifications (developers/housebuilders,
architects, and structural engineers) because of the performance
characteristics offered.
The Group has three business segments with strong positions and
brands in their individual markets. The three segments are:
Building Envelope; Water Management; and Housebuilding
Products.
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END
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