Mucklow(A.& J.)Group PLC Board Changes (3320G)
05 November 2018 - 8:04PM
UK Regulatory
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RNS Number : 3320G
Mucklow(A.& J.)Group PLC
05 November 2018
A & J MUCKLOW GROUP PLC
BOARD CHANGES
A & J Mucklow Group Plc, the Midlands based Real Estate
Investment Trust, announces the following changes to the Board.
Justin Parker, Managing Director, and Rupert Mucklow, Executive
Chairman, have jointly managed A & J Mucklow Group Plc for the
last 15 years. The Company has been very successful during this
period, achieving a total shareholder return of 312%.
As part of the succession planning for the business, the Board
is now implementing some changes at Board level, so as to provide
the business with continuity and stability in leadership in the
medium to long term. The following changes have been agreed.
Justin Parker will step down from the Board and will leave the
Company on 31 December 2018 to pursue new challenges in the
property industry. The Company will recruit a CEO who will combine
the duties of the Managing Director and the executive duties of the
Chairman and, pending that appointment, Rupert Mucklow will assume
the Managing Director's duties from 01 January 2019 until the new
CEO has settled in, after which he will relinquish his executive
duties, and assume the role of Non-Executive Chairman.
Rupert Mucklow commented:
'Justin and I have enjoyed working together for the last 15
years and are very proud of what we have achieved. However, we are
not immortal and we both recognise the need to restructure the
Board roles as part of the Company's succession plan and to
introduce new talent to the Company. This will enable the business
to flourish for many more years. I would personally like to thank
Justin for his loyalty, professionalism and dedication over the
years and I and the Board wish him every success in whatever he
pursues next'.
A statement required by section 430(2B) of the Companies Act
2006 will be placed on A & J Mucklow Group Plc's website as
soon as reasonably practicable following the date on which Justin
Parker ceases to be a director of the Company.
Contact:
Rupert Mucklow, Chairman
0121 550 1841
Legal Entity Identifier (LEI): 21300M1Q89HWSY7ES84
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END
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