Johnson Service Group PLC CEO Succession (3475Y)
05 December 2017 - 6:01PM
UK Regulatory
TIDMJSG
RNS Number : 3475Y
Johnson Service Group PLC
05 December 2017
5 December 2017
AIM: JSG
Johnson Service Group PLC
("JSG" or "the Group")
CEO Succession
Further to the Group's announcement on 4 September 2017, JSG is
delighted to announce the appointment of Peter Egan, currently
Managing Director of our Apparelmaster workwear business, to the
Board of Directors as Chief Operating Officer ("COO") ahead of
assuming the role of CEO.
Peter's transition to COO will take effect from 1 April 2018,
allowing time for him to handover his current responsibilities.
Chris Sander remains flexible over the date of his retirement and,
in that light, has agreed to remain with the Group until the end of
2018 to ensure a smooth and effective transition to Peter within
that period.
Peter, aged 45 years, is a key member of the Group's senior
management team and has over 25 years of experience in the textile
rental sector. He joined JSG in 1998 and has been Managing Director
of the Group's workwear rental operations, Johnsons Apparelmaster
("Apparelmaster"), the UK's market leader in this sector, since
2014. Peter has been instrumental in developing Apparelmaster's
strategy and driving its growth, while also actively contributing
to the development and execution of the Group's strategic plan.
Paul Moody, Chairman of JSG, said:
"Following Chris' decision to retire, the Board is delighted to
announce Peter Egan as his successor. We anticipate a smooth,
well-managed and effective transition process between Chris and
Peter during the coming year.
"Peter is an enormously talented leader and this appointment
recognises his significant contribution to the development of the
Group to date. The Board is confident in his ability to lead JSG
through its next stage of growth as we focus on continuing to build
long-term shareholder value."
Chris Sander, Chief Executive Officer of JSG, said:
"It has been a great privilege to hold the role of CEO of
Johnson Service Group and I am pleased to be handing on the baton
to my colleague, Peter Egan, next year. Having worked with Peter
for almost 20 years, I am certain that the Group will continue to
go from strength to strength under his leadership and with the
wholehearted support of the JSG Board, Executive team and
colleagues."
ADDITIONAL INFORMATION
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Peter John Egan, aged 45 years, holds 24,716 shares in the Group
and is currently a director of:
-- Johnsons Apparelmaster Limited (00464645); and
-- Textile Services Association Limited (00169160).
Save as set out in this announcement there are no further
matters to be disclosed under Rule 17 or paragraph (g) of Schedule
2 of the AIM Rules for Companies.
Enquiries:
Johnson Service Group
PLC
Chris Sander, CEO
Yvonne Monaghan, CFO
Tel: 01928 704600
Investec Investment Banking KTZ Communications (Financial
(NOMAD) PR)
David Flin Katie Tzouliadis
Darren Vickers Irene Bermont-Penn
Emma Pearson
Tel: 020 7597 4000 Tel: 020 3178 6378
About Johnson Service Group PLC
www.jsg.com
Headquartered in Preston Brook, Cheshire, JSG provides textile
rental and related services across the UK. The Group is the leading
supplier of workwear and protective wear in the UK, clothing over
1.3 million people a week. It also provides premium linen services
for the hotel, catering and hospitality markets, and high volume
hotel linen services, processing approximately 8.5 million items a
week. With its core values of quality, reliability and service, the
Group aims to provide customers with an outstanding level of
customer care.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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