Genuit Group PLC Board updates (3439S)
09 March 2023 - 3:26AM
UK Regulatory
TIDMGEN
RNS Number : 3439S
Genuit Group PLC
08 March 2023
8 March 2023
Genuit Group plc
Board updates
In accordance with FCA Listing Rule 9.6.11, Genuit Group plc
(the 'Company') announces that Mark Hammond, Non-Executive
Director, Senior Independent Director ('SID') and member of the
Audit, Nomination and Remuneration Committees, has today stepped
down from his role as SID but has agreed to remain on the Board
beyond the completion of his nine-year term in April 2023. Given Mr
Hammond's extensive experience of the Group, the need to onboard
two new Non-Executive Directors and the requirement for an orderly
handover, the Board is of the view that an extension to Mr
Hammond's term is in the best interests of the Company. Having
assessed Mr Hammond's independence, the Board has confirmed that in
their view, he remains an independent Non-Executive Director of the
Board and that his nine-year tenure does not impair his ability to
challenge independently. The expectation is that Mr Hammond will
retire from the Board in October 2023.
Lisa Scenna will take over as SID with effect from 8 March 2023.
Ms Scenna has been a Non-Executive Director of the Company since
September 2019 and is the Chair of the Remuneration Committee and a
member of the Audit and Nomination Committees.
For further information please contact:
Emma Versluys +44 (0) 1138 315315
Company Secretary
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