Restore PLC Directorate Changes (3076K)
13 December 2018 - 6:01PM
UK Regulatory
TIDMRST
RNS Number : 3076K
Restore PLC
13 December 2018
13 December 2018
Restore plc
("Restore" or "the Company")
Directorate Changes
Restore plc, the AIM-listed UK office services provider,
announces the following changes to its Board of Directors ("the
Board"):
Chief Executive succession
Charles Skinner has notified the Board of his intention to
retire as Chief Executive on 31 March 2019 after 10 years in the
role. He will be succeeded by Charles Bligh, who will work
alongside Charles Skinner from early March 2019. He will join the
Board on 11 March 2019 and assume the role of Chief Executive on 1
April 2019.
Charles Bligh was most recently Chief Operating Officer and main
board director at TalkTalk Telecom Group plc, which he joined in
2011. He previously spent 20 years at IBM Corporation in various
countries, culminating in his role as Vice President, Commercial
Sector in UK and Ireland. He graduated from the University of
Melbourne in 1989.
Non-Executive Directors
Susan Davy has been appointed Non-Executive Director with effect
from 1 January 2019. Susan has been Chief Financial Officer at
Pennon Group plc since 2015, having previously been Finance and
Regulatory Director at South West Water. From 1 April 2019 she will
become Chair of the Audit Committee, taking over the role from
Stephen Davidson, who will step down from the Board on that date
after having served for 5 years.
Sharon Baylay, currently Chair of the Company's Risk Committee,
has additionally assumed the role of Senior Independent Director
("SID") with immediate effect. Sharon is the Company's first
SID.
Other than the information contained in this announcement, there
is no further information required to be disclosed under Rule 17
and Schedule Two, paragraph (g) of the AIM Rules.
Martin Towers, Restore Chairman, said:
"Charles Skinner has been instrumental in transforming Restore
from a shell company into one of the most successful constituents
of AIM and an important and exceptionally well-positioned provider
of UK office services. I would like to thank him on behalf of the
Board for his enormous contribution over the past 10 years.
I am delighted that we have secured Charles Bligh as our new
Chief Executive and believe he is exactly the right person to build
on Charles Skinner's legacy and to take advantage of Restore's
platform for further growth.
I am also delighted to welcome Susan Davy to the Board and look
forward to working with her. Stephen Davidson will be much missed
for his wise counsel and incisive contributions and we wish him
well for the future."
For further information please contact:
Restore plc
Martin Towers, Chairman 07790 616111
Charles Skinner, Chief
Executive 07966 234075
Cenkos Securities
Nick Wells 020 7397 8900
Harry Hargreaves
FTI Consulting
Nick Hasell 020 3727 1340
Alex Le May
Disclosures required by Schedule 2(g) of the AIM Rules for
Companies:
Charles Edward Bligh (age 50)
Directorships in the last five
Current Directorships years
------------------------------- ----------------------------------
BOLT PRO TEM LIMITED TALKTALK TELECOM LIMITED
NATIONAL CHILDREN'S ORCHESTRAS
OF GREAT BRITAIN ADVENTURE TELECOM LTD
TALKTALK COMMUNICATIONS LIMITED
TALKTALK BUSINESS (2CCH) LIMITED
TALKTALK TV ENTERTAINMENT LIMITED
TALKTALK TELECOM GROUP PLC
TIPICALL LIMITED
Susan Jane Davy (age 49)
Directorships in the last five
Current Directorships years
------------------------------ ----------------------------------
PENINSULA PROPERTIES (EXETER)
LIMITED PENINSULA MB LIMITED
PENINSULA LEASING LIMITED PENNON PENSION TRUSTEES LIMITED
PENNON GROUP PLC VIRIDOR LIMITED
SOUTH WEST WATER FINANCE PLC
SOURCE CONTACT MANAGEMENT LIMITED
PENINSULA PROPERTIES (EXETER)
LIMITED
PENINSULA LEASING LIMITED
SOURCE COLLECTIONS LIMITED
SOUTH WEST WATER LIMITED
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END
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