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Van Elle HoldingsPLC - Non-Executive Succession

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 corporate broker)


Tel: 020 7418 8900

Mike Bell

Ed Allsopp






Instinctif Partners (Financial Public Relations)


Tel: 020 7457 2020

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"):

 

Current Directorships

Past directorships within 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) Limited

Motion Equity Partners II 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 corporate broker)


Tel: 020 7418 8900

Mike Bell

Ed Allsopp






Instinctif Partners (Financial Public Relations)


Tel: 020 7457 2020

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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Van Elle Holdings

Price: 33

Market: AIM
Market Cap: £35.2 m
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