Eurocell plc CEO Announces Intention to Retire in 2023 (8666L)
06 January 2023 - 6:00PM
UK Regulatory
TIDMECEL
RNS Number : 8666L
Eurocell plc
06 January 2023
6 January 2023
EUROCELL PLC
("Eurocell" or the "Group")
CEO Announces Intention to Retire in 2023 and CEO Designate
Appointed
Eurocell, the market leading, vertically integrated UK
manufacturer, distributor and recycler of innovative window, door
and roofline PVC building products, announces that Mark Kelly,
Chief Executive Officer, has notified the Board of his intention to
retire later this year. He will be succeeded as CEO by Darren
Waters, currently Chief Operating Officer of Ibstock plc, who will
join the Board of Eurocell as Chief Executive Designate this
spring.
Mark has led the Group successfully from 2016, overseeing
positive change throughout the business, delivering on significant
growth since then, as well as completing substantial investment to
expand capacity and provide a strong platform for the future. To
ensure a smooth transition, Mark will remain in his role until a
handover period has been completed, following which he will step
down from the Board and the position of Chief Executive at the
Group's AGM in May.
Darren has extensive experience and knowledge of the building
products and fenestration sectors in the UK, both from his current
role at Ibstock and from his previous position at Tyman plc, where
he was the Chief Executive of UK and Ireland from 2012 to 2020.
Prior to Tyman, Darren held senior management roles at Kenda
Capital BV, Anglo American plc and RMC Group plc.
Derek Mapp, Chair of the Board, said:
"As Chief Executive, Mark has been instrumental in Eurocell's
success and development as a new plc. He has led the Group through
a period of very strong growth and navigated the exceptional
challenge of the COVID pandemic. We are extremely grateful to Mark
for his immense contribution to the Group and his commitment to
ensure a smooth transition. On behalf of the Board, I thank him for
his significant achievements and we wish him all the very best for
the future.
"I am absolutely delighted that we have secured someone of
Darren's calibre. He brings a wealth of commercial and operational
experience and the Board and I are looking forward to working with
him to lead Eurocell through the next stage of our
development."
Mark Kelly, Chief Executive Officer, said:
"It has been a privilege to lead Eurocell through an exciting
period of change, investment and growth. The business is now well
placed, with the capacity both to take advantage of market
conditions as they develop within the UK building products sector
and further improve efficiency. Darren will be joining a great team
who will support him as he drives the business forward. I would
like to thank all my colleagues for their support and look forward
to watching Eurocell continue to grow and prosper in the years
ahead."
We intend to publish our usual year end trading update on 26
January 2023.
This announcement is made pursuant to LR 9.6.11R of the Listing
Rules and there are no further matters, required by paragraphs
9.6.13R (1) to (6) of the Listing Rules, to be disclosed in
relation to Darren Waters.
Enquiries:
Eurocell plc
Mark Kelly, Chief Executive
Officer +44 (0) 1773 842 105
Michael Scott, Chief Financial
Officer +44 (0) 1773 842 140
Teneo
Ben Foster +44 (0) 777 624 0806
Camilla Cunningham +44 (0) 746 498 2426
END
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