Halma PLC Notice of Board Change (5731M)
31 July 2017 - 9:00PM
UK Regulatory
TIDMHLMA
RNS Number : 5731M
Halma PLC
31 July 2017
Halma plc
Notice of Board change
The Board of Halma, the leading safety, health and environmental
technology group, announces that, further to its 6 April 2017
announcement, Marc Ronchetti, currently Group Financial Controller,
will succeed Kevin Thompson as Group Finance Director.
Kevin Thompson will continue as Group Finance Director until the
recruitment of Marc's successor as Group Financial Controller is
completed and an orderly handover of both roles has occurred. This
is anticipated to be no later than 31 July 2018.
The search process undertaken in the period since 6 April 2017,
utilising Lygon Group, has involved the assessment and benchmarking
of both internal and external candidates with the result that the
Board was unanimous in its recommendation of Marc. Marc joined
Halma as Group Financial Controller in 2016 from Wolseley plc where
he was Finance Director of its UK operations. Prior to that, Marc
was at Inchcape plc in a number of roles, culminating in his
appointment as Director of Strategic Projects. He is a chartered
accountant, having trained with PricewaterhouseCoopers LLP.
Andrew Williams, CEO of Halma, commented:
"I am delighted that Marc will be Halma's next Group Finance
Director and joining the Board. Since joining Halma, Marc has
worked closely with Kevin Thompson and through this period and the
recruitment process, he has demonstrated that he brings significant
operational and corporate financial expertise to the Group.
I would like to thank Kevin for his continuing support in
completing an orderly transition. I look forward to working closely
with Marc and together ensuring the ongoing success of Halma."
For further information, please contact:
Halma plc Tel: +44 (0)1494 721111
Andrew Williams, Chief Executive
MHP Communications Tel: +44 (0)20 3128 8100
Rachel Hirst/Andrew Jaques
Notes:
1. A copy of this announcement, together with other information
about Halma, may be viewed on its website: www.halma.com
2. Disclosure of Kevin Thompson's remuneration up to leaving
date
The information below is provided in accordance with section
430(2B) of the Companies Act 2006 and covers the remuneration to be
paid to Kevin Thompson up to and including his leaving Halma on 31
July 2018.
All payments are in line with the Company's Remuneration Policy
for a leaver as published in the 2017 Annual Report and Accounts
and approved by shareholders at the 2015 AGM.
Salary and benefits
Kevin Thompson will receive his salary, benefits and pension
allowance as usual until 31 July 2018 when he ceases to be an
employee of the Company. Kevin will qualify for a bonus to be
earned for the 2017/18 financial year, payable in June 2018,
subject to the usual plan rules.
Share awards
LTIP Awards for 2015, 2016 and 2017 will be pro-rated in
accordance with the rules for service and performance criteria and
vest on their second or third anniversary as appropriate.
SIP awards will vest in full on Kevin ceasing to be an employee
in accordance with the Rules.
Kevin will not receive any LTIP award for 2018 but will receive
any deferred bonus share award associated with the 2017/18 bonus
plan which will vest in full two years after.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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