20
September 2024
Topps Tiles
Plc
Appointment of Independent
Non-Executive Director and Audit Committee Chair
Designate
Topps Tiles Plc (LSE: TPT)
("Topps Group", the
"Company" and together with
its subsidiary undertakings, the "Group") the UK's leading tile
specialist, is pleased to announce the appointment of Martin Payne
as an independent non-executive director and Audit Committee Chair
Designate.
Martin will join the board of
directors of Topps Group (the "Board") on 1 October 2024 and will
succeed Keith Down as Audit Committee Chair at the AGM in January
2025, at which point Keith will retire from the Board after having
served his term under the UK Corporate Governance
Code.
Martin brings over 35 years of experience as an executive and
non-executive in both private and public businesses. A qualified
management accountant, Martin served as CFO and CEO of Genuit Group
plc, the FTSE250 building materials group, retiring in May 2022.
Prior to that he was CFO of Norcros plc where he gained experience
of tile retailing and manufacturing in UK and South Africa. Martin
is currently a non-executive director of Stelrad Group plc,
Europe's largest radiator manufacturer, where he is Chair of the
Audit Committee. He is also a non-executive director of Churchill
China plc, the AIM listed international tableware manufacturer,
where he is Audit Committee chair and SID. Previously, Martin also
spent two years as Chair of the Construction Products Association,
the trade association representing UK building materials
manufacturers.
Paul Forman, Chair of Topps Group,
said: "We are delighted that Martin is joining the Board, not only does he
bring significant experience as an Audit Committee Chair, but he
also brings great breadth of business experience. More
specifically his time as a Director at Norcros will enable us to
benefit from his understanding of the tiling sector. He also has a
wealth of experience in the broader lightside building materials
environment."
Commenting on his appointment, Martin
said: "I am delighted to be joining
the Board of Topps Group Plc. The Topps Group is a business I have
admired for many years with a strong brand in the marketplace, a
clear vision and purpose, and great people delivering exceptional
service. The "Mission 365" strategy identifies many exciting growth
opportunities for the Group, and I look forward to helping the
Board and the broader business continue to develop and deliver on
those opportunities."
There is no further information to
disclose in accordance with LR 9.6.13 of the Listing Rules of the
Financial Conduct Authority.
-Ends-
Enquiries:
|
Topps Tiles Plc
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+44 (0) 116 282 8000
|
|
Paul Forman, Chairman
Rob Parker, Chief
Executive
|
|
|
Citigate Dewe
Rogerson
|
+44 (0) 20 7638 9571
|
|
Kevin Smith/Ellen Wilton
|
toppstiles@citigatedewerogerson.com
|
Notes to editors
Notes to Editors
Topps Tiles Plc is the UK's largest
specialist supplier of tiles and associated products, targeting the
UK domestic and commercial markets and serving homeowners, trade
customers, architects, designers and contractors from 303
nationwide Topps Tiles stores, a commercial showroom in London and
eight customer-facing websites: www.toppstiles.co.uk,
www.parkside.co.uk,
www.protilertools.co.uk,
www.northantstools.co.uk,
www.premiumtiletrim.co.uk,
www.warmfloorstore.co.uk
www.flooringmaterials.co.uk
and www.tilewarehouse.co.uk.
Since opening its first store in
1963, Topps has maintained a simple operating philosophy
‐ inspiring customers with
unrivalled product choice and providing exceptional levels of
customer service. For further information on the Group, please
visit http://www.toppstilesplc.co