Marshalls PLC Directorate Change (0931B)
31 March 2017 - 5:01PM
UK Regulatory
TIDMMSLH
RNS Number : 0931B
Marshalls PLC
31 March 2017
31 March 2017
Directorate Changes
Marshalls plc ("Marshalls" or "the Company") is pleased to
announce the appointment of Graham Prothero to the Board as a
non-executive director, which will take effect immediately after
the Annual General Meeting ("AGM") of Marshalls plc on 10 May
2017.
Mark Edwards, non-executive Director and Chair of the Audit
Committee, who has served on the Board since May 2010, has
announced his intention to retire from the Board following the
close of the AGM on 10 May 2017. It is expected that Graham
Prothero will succeed Mark Edwards as Chair of the Audit Committee
upon Mark's retirement.
Graham Prothero is a Chartered Accountant and is an Executive
Director and Group Chief Financial Officer of Galliford Try plc,
the industry-leading FTSE 250 housebuilding, regeneration and
construction group. He is also Non-Executive Deputy Chair of the
Jigsaw Trust, a charitable trust. Prior to joining Galliford Try
plc in 2013, he was Group Finance Director at leading property
developer Development Securities PLC (now U+I), having previously
held senior finance positions at Taylor Woodrow, the FTSE 100
listed housebuilder, and at Blue Circle Industries plc. Graham also
spent 7 years as a partner in the Real Estate, Hospitality and
Construction Group of Ernst & Young LLP. He brings current and
relevant financial experience in the construction and building
materials sector, as well as wider experience in an advisory
professional capacity in relation to businesses operating in
construction, real estate and other sectors.
The recruitment of Graham Prothero to succeed Mark Edwards takes
place in line with the Company's Board development and succession
planning strategy to regularly refresh the skills and experience
around the Board table, and followed a formal, rigorous and
objective process led by the Nomination Committee with the help of
external consultants Lygon.
Andrew Allner, Chairman of Marshalls, commented: "I am delighted
that Graham Prothero will be joining the Board as a non-executive
director to succeed Mark Edwards. He brings broad financial and
relevant sector experience and will be a valuable addition to the
Board. I would also like to express our thanks to Mark Edwards, who
is stepping down after 7 years' service on the Marshalls Board and
as Chair of the Audit Committee. Mark's contribution to the Board
and the Company is greatly appreciated".
Enquiries: Andrew Allner - Chairman (Tel: 01422 314777)
Martyn Coffey - Chief Executive (Tel: 01422
314777)
Andrew Jaques / James White / Charlie Barker
- MHP (Tel: 0203 128 8540)
Additional information:
Graham Prothero is independent for the purposes of the UK
Corporate Governance Code This announcement includes the
information required by Listing Rules 9.6.11 to 9.6.13, and there
is no information to report under Listing Rule 9.6.13 (2) - (6)
inclusive.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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