TIDMHLMA
RNS Number : 1104P
Halma PLC
16 June 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Halma plc ("Halma")
Group Chief Executive succession
Halma, the global group of life-saving technology companies,
today announces that Andrew Williams has decided to retire as Group
Chief Executive next year, after 18 years in the role. He will be
succeeded by Marc Ronchetti, Chief Financial Officer, who is today
appointed as Chief Executive Designate.
Andrew joined Halma in 1994 and was appointed Chief Executive in
2005. Since then, the Group has delivered consistently strong
returns for its shareholders. Under Andrew's leadership, Halma's
revenues have grown from less than GBP300m to more than GBP1.5bn
today and has grown into a FTSE 100 global group of around 45
life-saving technology companies.
Marc joined Halma in 2016 as Group Financial Controller and was
appointed as Chief Financial Officer in 2018. Marc has played a
vital role in protecting and evolving the elements of Halma's
Sustainable Growth Model, articulating its purpose and culture, and
overseeing around 30 acquisitions.
Before Halma, Marc was Finance Director of the UK operations of
Wolseley plc (now Ferguson plc) and prior to that held various
group and divisional roles at Inchcape plc.
Marc will continue as Chief Financial Officer, in addition to
becoming Chief Executive Designate, until his successor is
appointed. Andrew will continue as Halma's Group Chief Executive
and support Marc through the transition process until he takes over
as Group Chief Executive on 1 April 2023. A search is underway to
identify and appoint a successor to Marc as Chief Financial
Officer.
Dame Louise Makin, Chair of Halma, said: "Andrew is an
outstanding leader who has delivered exceptional value for our
stakeholders and transformed Halma into one of Britain's Most
Admired Companies. He will leave a strong, resilient, and agile
Group, well placed to address the many opportunities in its markets
and deliver superior and sustainable growth through its Sustainable
Growth Model. I'd like to thank him personally, and on behalf of
the Board, for his substantial contribution to Halma.
"After a rigorous selection process, I am delighted that Marc
will become Halma's 4(th) Chief Executive in 50 years. I look
forward to working with him to build on the momentum in the
business."
Andrew said: "It is testament to Halma's long-term approach to
succession planning and the quality of the Halma senior leadership
team that the next Group Chief Executive comes from within the
business. Marc is an outstanding leader and I look forward to
working with him to ensure a smooth handover."
Marc said: "I am delighted to have been selected as Halma's next
Group Chief Executive. I am excited by the opportunity to lead such
a fantastic and talented team, and to continue Halma's long track
record of creating value through our Sustainable Growth Model."
For further information, please contact:
Halma plc
Andrew Williams, Group Chief Executive +44 (0)1494 721111
Marc Ronchetti, Chief Financial Officer and Chief Executive
Designate
Charles King, Head of Investor Relations +44 (0) 7776 685948
Clayton Hirst, Director of Corporate Affairs +44 (0) 7384 796
013
MHP Communications
Andrew Jaques / Rachel Farrington +44 (0)20 3128 8404
A copy of this announcement, together with other information
about Halma, may be viewed on its website: www.halma.com
About Halma
Halma is a global group of life-saving technology companies,
focused on growing a safer, cleaner, healthier future for everyone,
every day.
Its purpose defines the three broad market areas where it
operates:
-- Safety: protecting life as populations grow and protecting worker safety.
-- Environment: addressing the impacts of climate change,
pollution and waste, protecting life-critical resources and
supporting scientific research.
-- Health: meeting rising healthcare demand as growing populations age and lifestyles change.
It employs over 7,000 people in more than 20 countries, with
major operations in the UK, Mainland Europe, the USA and Asia
Pacific. Halma is listed on the London Stock Exchange (LON: HLMA)
and is a constituent of the FTSE 100 index.
In January 2022, Halma was named one of Britain's Most Admired
Companies by Management Today.
NOTES
The person responsible for arranging the release of this
announcement on behalf of the Company is Mark Jenkins, Halma's
Company Secretary.
The LEI of the Company: 2138007FRGLUR9KGBT40
REMUNERATION DISCLOSURES
Marc Ronchetti
Effective today, Marc Ronchetti will receive a base annual
salary of GBP700,000 as Chief Executive Designate to 31 March 2023.
His bonus and executive share plan percentages remain at 180% and
250% of salary respectively and all of his other benefits remain
the same. From 1 April 2023, when he assumes the role of Group
Chief Executive, his base annual salary will increase to GBP900,000
per annum and his bonus, shares awards and benefits will be at
levels commensurate with the Group Chief Executive role, as set out
in the Remuneration Policy agreed by shareholders at the 2021
Annual General Meeting.
There is no additional information to be disclosed pursuant to
LR 9.6.13 R.
Andrew Williams
Termination arrangements will be in line with Halma's
shareholder-approved Remuneration Policy and, in accordance with
section 430(2B) of the Companies Act 2006, will be fully disclosed
in our 2023 Annual Report and Accounts.
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END
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