Connect Group PLC Notification of Change in Director's Role (0831C)
27 September 2018 - 4:02PM
UK Regulatory
TIDMCNCT
RNS Number : 0831C
Connect Group PLC
27 September 2018
Connect Group PLC
('Connect Group', 'the Group', or 'the Company')
Business Unit Accountabilities and Notification of Change in
Director's Role
Connect Group today announces that it is to re-establish
business unit leadership in relation to Smiths News and
Tuffnells.
The decision follows a challenging year for the Group, during
which it has pursued a strategy to integrate its combined
operations. While good progress was made in centralising support
services, the Group has concluded that there are not the same
synergies to be achieved at a network and operating level.
Establishing business unit leadership for both Smiths News and
Tuffnells aims to strengthen the focus and accountability of each
business as a key element of adapting a customer-centric approach,
while retaining the scale efficiencies of central support.
The following senior management appointments will take effect
from 1 October 2018:
1. Jonathan Bunting, previously Chief Operating Officer, will
assume the role of Chief Executive Officer of Smiths News,
including responsibility for DMD. Jonathan will remain an Executive
Director of the Company.
2. Peter Birks will join the Group as Chief Executive Officer of
Tuffnells. Peter brings a wealth of experience in logistics, having
held senior executive roles across a number of successful and
innovative UK-based distribution businesses including Premier
Farnell/Avnet, Staples, Lyreco, 3M, Acco and Office Depot.
Commenting on the new structure, Jos Opdeweegh, Chief Executive
Officer said:
'A review of last year has highlighted the opportunity for both
of our operating businesses to benefit from dedicated and focused
attention. I am confident that this new structure will help to
improve our operational excellence and network capability,
qualities that are essential for our long-term success'.
Enquiries:
Connect Group PLC
Jos Opdeweegh, Chief Executive Officer
Tony Grace, Chief Financial Officer
www.connectgroupplc.com
01793 563641
Berenberg
Chris Bowman / Toby Flaux
connect@berenberg.com
www.berenberg.com
020 3207 7800
Buchanan
Richard Oldworth
connect@buchanan.uk.com
Tel: 020 7466 5000
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END
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