Genuit Group PLC Directorate Change (8026T)
29 November 2021 - 07:00PM
UK Regulatory
TIDMGEN
RNS Number : 8026T
Genuit Group PLC
29 November 2021
29 November 2021
Genuit Group plc
Appointment of Chief Executive Officer
Following its announcement on 20 May 2021, Genuit Group plc (the
"Company" or the "Group") is pleased to announce that Joe Vorih
will be appointed as Chief Executive Officer (CEO) and a member of
the Board early in 2022, on a date to be confirmed in due
course.
Joe will join Genuit Group's Board from Spectris plc, a FTSE 250
company, where he has been president of HBK, a standalone division
and key platform business within the Group, since January 2019,
having joined Spectris in 2016. Prior to that, he worked for
Clarcor Corporation, a NYSE listed business delivering filtration
solutions and Danaher Corporation, also a US listed global business
in industrial, test and medical equipment.
The Company confirms that as previously announced, Martin Payne
will step down from the Board and as CEO following a period of
handover with Mr Vorih, but will remain an employee of the Company
and available to the Board in an advisory capacity until 20 May
2022.
Ron Marsh, Genuit Group Chairman, commented: "Joe is a highly
experienced senior executive with a strong track record. Joe brings
extensive operational leadership and strategic expertise in the
manufacturing and technology industries, and I am confident he will
take Genuit Group forward to the next stage of its growth and
development."
Joe Vorih commented, "I am delighted to have been appointed CEO
of Genuit Group at such an exciting time in its development. I look
forward to working alongside the Board and leading the Executive
Team to continue to deliver a strong performance across the Group
and drive the strategy forwards."
There is no information concerning Mr Vorih which requires
notification under LR9.6.13R of the Financial Conduct Authority's
Listing Rules.
Enquiries:
Genuit Group
Ron Marsh, Chairman
Paul James, Chief Financial
Officer +44 (0) 1138 315380
Brunswick
Nina Coad
Sophia Lazarus +44 (0) 20 7404 5959
Notes to Editors:
Genuit Group plc ("Genuit" or the "Group"), a leading provider
of sustainable water and climate management solutions for the built
environment, is the largest manufacturer in the UK, and among the
ten largest manufacturers in Europe, of piping systems for the
residential, commercial, civils and infrastructure sectors by
revenue. It is also a leading designer and manufacturer of energy
efficient ventilation systems in the UK.
The Group operates from 28 facilities in total, and manufactures
the UK's widest range of solutions for heating, plumbing, drainage
and ventilation. The Group primarily targets the UK and European
building and construction markets with a presence in Italy, the
Netherlands, Ireland and the Middle East and sales to specific
niches in the rest of the world.
Genuit Group plc changed its corporate name from Polypipe Group
plc on 6 April 2021. The Group was established in 1980 and has been
listed on the London Stock Exchange since 2014.
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END
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