Headlam Group PLC Board Changes (1787C)
18 January 2018 - 6:00PM
UK Regulatory
TIDMHEAD
RNS Number : 1787C
Headlam Group PLC
18 January 2018
18 January 2018
Headlam Group plc
('Headlam' or the 'Company')
Board Changes
Headlam Group plc (LSE: HEAD), Europe's largest distributor of
floorcoverings, announces the following Board Changes.
Amanda Aldridge is to be appointed to the Board as a
Non-Executive Director, and a member of the Audit, Remuneration and
Nomination Committees, with effect from 1 February 2018.
Amanda brings broad financial and sector experience gained as an
auditor and risk consultant. Amanda was a partner in KPMG LLP from
1996 until 2017, when she retired from the partnership, having
joined the firm in 1984 and qualified as a chartered accountant in
1987.
Amanda has significant experience as an external auditor,
working predominately with quoted clients in the retail and
distribution sectors. She has also advised quoted companies on
corporate transactions and the assessment and remediation of
internal controls. Her most recent experience has been advising on
risk and resilience in the supply chain and governance of major
contracts including outsource contracts, licencing arrangements and
joint ventures. She also held a number of strategic and line
management roles during her 32 years with KPMG LLP. Amanda is a
Fellow of the Institute of Chartered Accountants in England and
Wales.
Dick Peters, the Company's Non-Executive Chairman, has informed
the Board that after 12 years as a member of the Board it is his
intention to step down from the Board on 31 May 2018. Philip
Lawrence, a Non-Executive Director of the Board since June 2015 and
current Chairman of the Audit Committee, will be appointed
Non-Executive Chairman and a member of the Audit, Remuneration and
Nomination Committees with effect from 1 June 2018 subject to his
re-election as a Director of the Company at the Company's AGM to be
held in May 2018. Following this appointment, Amanda Aldridge will
assume the position of Chairman of the Audit Committee with effect
from 1 June 2018.
Steve Wilson, Chief Executive, said:
"I would like to offer my sincere thanks and gratitude to Dick
for his invaluable contribution to Headlam over the past 12 years.
He has been pivotal in shaping the Company's strategic direction
and the overall development of the corporate governance framework,
both of which have been instrumental in supporting Headlam's
ongoing development.
"I am delighted to be welcoming Philip to the position of
Non-Executive Chairman after three years on the Board, which
ensures an orderly succession and allows the business to build on
Dick's legacy and Philip's in-depth knowledge.
"Finally, it gives me great pleasure to be welcoming Amanda to
the Board, and I am sure her considerable experience and knowledge
will be enormously helpful as Headlam pursues its strategic
ambitions."
Philip Lawrence has informed the Board that he will be stepping
down as Chief Executive of the Coal Authority on 31 May 2018.
No further information is required to be disclosed pursuant to
LR 9.6.13 in respect of Amanda Aldridge.
The Company has separately today issued a Pre-close Trading
Update announcement ahead of announcing its final results for the
year ended 31 December 2017 on Tuesday, 6 March 2018.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive
Catherine Miles, Director
of Communications
Investec Bank plc (Corporate Tel: 020 7597 5970
Broker)
Garry Levin / David Flin
/ Alex Wright
Buchanan (Financial PR and Tel: 020 7466 5000
IR)
Mark Court / Sophie Wills
/ Catriona Flint
Notes for Editors:
Headlam is Europe's largest distributor of floorcoverings having
grown significantly via organic growth and acquisition since
1992.
Headlam's core business provides the distribution link between
suppliers and customers of floorcoverings, providing suppliers with
the greatest coverage and customer penetration for their products
across the UK and Continental Europe, and customers with the
broadest range of products supported by next day delivery.
The Company is engaged with suppliers across 17 countries whose
products cover a significant proportion of the floorcoverings
market including carpet, residential vinyl, engineered wood,
laminate, luxury vinyl tiles, ceramic tiles, underlay and
commercial flooring. The Company's customers are within both the
residential and commercial sectors and comprise principally
independent retailers and flooring contractors.
The Company comprises 62 wholly-owned businesses in the UK and
Continental Europe each operating under their own trade brand and
utilising their individual sales team which achieves a greater
reach into the customer base.
Each of the businesses is supported by the Company's centralised
and financial resources and extensive distribution network across
the UK and Continental Europe.
www.headlam.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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