Billington Holdings PLC Board Changes (7618C)
03 October 2018 - 4:00PM
UK Regulatory
TIDMBILN
RNS Number : 7618C
Billington Holdings PLC
03 October 2018
Billington Holdings Plc
("Billington", "the Group" or "the Company")
Board Changes
Billington confirms today that Stephen George Thomas Fareham has
resigned from his position as Non-Executive Director with immediate
effect. Mr Fareham has been a Non-Executive Director since 2014. He
has been associated with the Billington Group for over 50 years,
having formerly served as Chief Executive until his retirement from
full time employment.
Peter Hems, Outgoing Non- Executive Chairman of Billington,
commented:
"It has become evident that, following the recently announced
Board changes, and in order to comply with corporate governance
best practice, it will be necessary for Billington to introduce
some additional financial expertise to the Non-Executive Director
team. Therefore, Steve has decided that it was the right time to
stand down, thereby enabling the Company to commence the search for
a replacement with the relevant financial expertise. With the
recent addition of Ian Lawson to the Board, Billington already has
a good strength and depth of industry experience at the necessary
level.
"I would like to take this opportunity to personally thank Steve
for his many years of service and for his invaluable support."
Mark Smith, Chief Executive of Billington, commented:
"The retirement of Steve brings the end of an era for the
Billington Group. The Company and I personally owe him a great deal
of thanks for his hard work, dedication and diligence over his
tenure in office. We wish Steve a very long and happy
retirement."
For further information please contact:
Billington Holdings Plc Tel: 01226 340 666
Mark Smith, Chief Executive
Trevor Taylor, Finance Director
W H Ireland Limited Tel: 0161 819 8875
Katy Mitchell
Chris Viggor
Blytheweigh
Tel: 020 7138 3204
Tim Blythe
Megan Ray
Rachael Brooks
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END
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