Volution Group plc Volution Group CFO to retire in 2019 (5686N)
21 January 2019 - 6:00PM
UK Regulatory
TIDMFAN
RNS Number : 5686N
Volution Group plc
21 January 2019
21 January 2019
Volution Group plc
Volution Group plc Chief Financial Officer to retire in 2019
Volution Group plc (the "Company", the "Group" or "Volution",
LSE: FAN) a leading supplier of ventilation products to the
residential and commercial construction markets, announces that Ian
Dew, Chief Financial Officer ("CFO") will retire from Volution and
his position as CFO, during 2019. As a result, the Board has
commenced a search process for his successor.
Ian will continue in his role as CFO until a successor has been
appointed, and for a transitional period thereafter. As part of our
overall succession planning, we will be working with Russell
Reynolds Associates, who will assist us with the search
process.
Ian joined Volution in 2012 and was appointed as CFO in January
2014. Ian played an integral role in Volution's successful listing
on the London Stock Exchange and since then has played a key role
in the completion of all acquisitions.
Ian will continue to oversee the finance function until a
permanent successor is appointed and an update will be provided in
due course.
Ronnie George, Chief Executive said:
"Ian has played a pivotal role in building Volution into the
more geographically distributed and successful business it is today
and, on behalf of the Board and colleagues, I would like to thank
him for his invaluable contribution to the growth of the business.
We are also pleased that Ian will continue in the role of CFO
whilst we find and appoint his successor."
Ian Dew said:
"Since I joined Volution in 2012, the Group has grown
significantly, especially in international markets with the Group
now operating not just in the United Kingdom but across Central
Europe, the Nordics and Australasia. It has been a privilege to act
as CFO of Volution over the past five years through both private
equity ownership and listed company status. I believe that the
Group has many opportunities, and an exciting future, ahead of it
and I remain fully committed over the coming months to ensuring the
continued success of the business whilst my successor is
sought."
The financial arrangements regarding Ian Dew, which will adhere
to the rules of all relevant incentive schemes and the Remuneration
Policy, will be reported in due course.
- ends -
For further information:
Enquiries:
Volution Group plc
Ronnie George, Chief Executive
Officer +44 (0) 1293 441501
Ian Dew, Chief Financial Officer +44 (0) 1293 441536
+44 (0) 207 353
Tulchan Communications 4200
James Macey White
David Ison
Legal Entity Identifier: 213800EPT84EQCDHO768.
Note to Editors:
Volution Group plc (LSE: FAN) is a leading supplier of
ventilation products to the residential and commercial construction
markets in the UK, the Nordics, Central Europe and Australasia.
The Volution Group operates through two divisions: the
Ventilation Group and the OEM (Torin-Sifan) division. The
Ventilation Group comprises 15 key brands - Vent-Axia, Manrose,
Diffusion, National Ventilation, Airtech, Breathing Buildings,
Fresh, PAX, VoltAir, Welair, Kair, Air Connection, inVENTer,
Ventilair and Simx, focused primarily on the UK, the Nordic,
Central European and Australasian ventilation markets. The
Ventilation Group principally supplies ventilation products for
residential and commercial ventilation applications. The OEM
(Torin-Sifan) division supplies motors, fans and blowers to OEMs of
heating and ventilation products for both residential and
commercial construction applications in Europe.
For more information, please go to: www.volutiongroupplc.com
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END
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