Van Elle Holdings PLC Non-Executive Succession (1293C)
06 February 2020 - 6:01PM
UK Regulatory
TIDMVANL
RNS Number : 1293C
Van Elle Holdings PLC
06 February 2020
6 February 2020
Van Elle Holdings plc
("Van Elle", the "Company" or "the Group")
AIM: VANL
Non-Executive succession
Van Elle Holdings plc, the UK's largest ground engineering
contractor, today announces the following changes to the Board as
part of its succession planning.
Having served on the Board of Van Elle since its IPO in October
2016, Adrian Barden, Non-Executive Chairman, has notified the Board
of his intention to step down as a Director, at the sooner of the
conclusion of the next annual general meeting or the appointment of
his successor. Adrian has provided considerable support to the
Company over the last three years, leading the Board through the
implementation of the transformation programme and managing the
transition to the new executive team.
Robin Williams, Senior Independent Non-Executive Director, who
has also served on the Board since the IPO, has also indicated his
intention to step down from the Board at the end of July, following
the publication of the Company's results for the year ended 30
April 2020.
The Company is pleased to announce that Charles St John will be
appointed to the Board on 24 February 2020 as Non-Executive
Director. Charles has held several senior executive and
non-executive positions spanning over 20 years. This experience
covers a range of industries, including within the UK building
products and services sectors. Until 2011, Charles was a senior
partner at Cognetas and its predecessor firms, with significant
involvement in the growth and development of its investee
companies. On appointment, Charles will join the audit and
remuneration committees.
The Company will commence a process to recruit an additional
non-executive director, to join Charles and David Hurcomb and
identify a successor to replace Adrian as Chairman. Further updates
will be made as this process progresses.
Adrian Barden, Chairman, commented:
"I have been pleased to serve as chairman of the Van Elle Board
since December 2016. With the benefits of the ongoing
transformation programme led by Mark Cutler now being realised, I
have decided that the AGM will be the appropriate time to step
down, with the business on a firm footing for 2020 and beyond.
"On behalf of the Board, I would like to extend my thanks to all
of my Board colleagues, and particularly to Robin who will leave
Van Elle with our best wishes for the future.
"Along with Graeme Campbell, who we recently announced as the
Company's new CFO, we are delighted to welcome Charles to the
Board, and look forward to his contribution."
Enquiries:
Van Elle Holdings plc Tel: 01773 580 580
Adrian Barden
Peel Hunt LLP (Nominated Adviser and Tel: 020 7418 8900
corporate broker)
Mike Bell
Ed Allsopp
Instinctif Partners (Financial Public Tel: 020 7457 2020
Relations)
Mark Garraway
James Gray
Rosie Driscoll
The following details in relation to the appointment of Mr
Charles Henry Oliver St John (aged 56) are disclosed in accordance
with Schedule Two, paragraph (g) of the AIM Rules for Companies
(the "AIM Rules"):
Past directorships within
Current Directorships the last five years
------------------------ -----------------------------
Anesco Holdings Limited Anesco Acquisitionco Limited
Capstone Foster Care
Limited Anesco Topco Limited
Nameco (No. 959)
Limited Maze 1 Limited
NHS Blood & Transplant Maze 2 Limited
Spittal Farm Partners
LLP Maze 3 Limited
Whiteline (Group) Motion Equity Partners II
Limited LLP
Thistle Property Investments
Limited
Save as set out above, there are no further disclosures required
pursuant to Schedule Two, paragraph (g) of the AIM Rules.
Ends
Enquiries:
Van Elle Holdings plc Tel: 01773 580 580
Mark Cutler
Peel Hunt LLP (Nominated Adviser and Tel: 020 7418 8900
corporate broker)
Mike Bell
Ed Allsopp
Instinctif Partners (Financial Public Tel: 020 7457 2020
Relations)
Mark Garraway
James Gray
Rosie Driscoll
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAFFFELFTIEIII
(END) Dow Jones Newswires
February 06, 2020 02:01 ET (07:01 GMT)
Van Elle (LSE:VANL)
Historical Stock Chart
From Apr 2024 to May 2024
Van Elle (LSE:VANL)
Historical Stock Chart
From May 2023 to May 2024