Volution Group plc Appointment of new Chairman (2422A)
20 January 2020 - 6:00PM
UK Regulatory
TIDMFAN
RNS Number : 2422A
Volution Group plc
20 January 2020
Monday 20 January 2020
Volution Group plc
Directorate change
Appointment of new Chairman
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
further to the announcement of 10 January 2020 that Peter Hill
would retire as Non-executive Chairman and be succeeded by Paul
Hollingworth, Peter and the Board have agreed that in order to
allow Peter to concentrate on his new Chairman-designate role at
Petra Diamonds Limited, and with the search for a new Non-executive
Director to Chair the Audit Committee now fully underway, it would
be appropriate if Peter retired from the Volution Board at the end
of the first half of the financial year, on 31 January 2020. This
will allow Paul Hollingworth to assume the Chairmanship from 1
February 2020, the start of the second half of Volution's financial
year.
Tony Reading, Volution's Senior Independent Director, will
become Interim Chairman of the Audit Committee with effect from 1
February 2020, serving until a permanent successor is recruited and
appointed.
Paul Hollingworth will also be appointed as Chairman of the
Nomination Committee with effect from 1 February 2020. He will
remain as a member of the Remuneration Committee.
- ends -
For further information:
Enquiries:
Volution Group plc
Ronnie George, Chief Executive
Officer +44 (0) 1293 441501
Andy O'Brien, Chief Financial
Officer +44 (0) 1293 441536
+44 (0) 207 353
Tulchan Communications 4200
James Macey White
David Allchurch
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) prior to its release as part of this
announcement.
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, Kair, Air Connection, inVENTer, Ventilair,
Simx and Ventair, 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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