Persimmon PLC Appointment of Chairman (7611H)
15 March 2018 - 6:01PM
UK Regulatory
TIDMPSN TIDMMARS
RNS Number : 7611H
Persimmon PLC
15 March 2018
15 March 2018
Persimmon Plc
Appointment of Chairman
Persimmon Plc is pleased to announce the appointment of Roger
Devlin as Chairman from 1 June 2018.
Roger has extensive experience as an executive, non-executive
and Chairman in a wide range of companies and has recently been
appointed Chairman Designate of William Hill PLC. Since 2013 he has
been Chairman of leading pub operator and brewer, Marston's PLC,
and he is also currently the Senior Independent Director of the
Football Association. He will step down from both Marston's PLC and
the Football Association on 31 May 2018.
Nigel Mills, Senior Independent Director and Acting Chairman of
Persimmon, said: "Following a very thorough process, the Board has
agreed that Roger is the right candidate to chair Persimmon. I am
sure that his wide business experience and his personal qualities
will enable him to make a significant contribution to the future of
the Group."
Roger Devlin commented: "Persimmon has delivered excellent
financial performance as well as materially increasing output in
recent years. The housebuilding industry offers good growth
prospects, and I look forward to working with Jeff Fairburn, his
executive team and the Board in providing a broad range of quality
homes to our valued customers while continuing the Group's track
record of superior returns to shareholders."
No further information is required to be disclosed pursuant to
Listing Rule 9.6.13.
Enquiries:
Citigate Dewe Rogerson Tel: +44 (0) 20 7638
9571
Simon Rigby
Kevin Smith
Jos Bieneman
Notes
Roger Devlin's fee will be GBP300,000, payable from 1 June 2018
and he will not receive any other benefits. Roger does not
currently have an interest in shares in Persimmon.
The process to appoint Roger Devlin was led by Nigel Mills,
Senior Independent Director. The Nomination Committee appointed MWM
Consulting, a leading executive search and board advisory
consulting firm, to conduct the search for a new Chairman. An
extensive search was conducted by MWM and a shortlist of candidates
was agreed before interviews were conducted.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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