Severfield PLC Directorate Change (3998B)

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RNS Number : 3998B

Severfield PLC

03 October 2022

3 October 2022

Severfield plc

('the Company' or 'the Group')

Directorate Change

Appointment of Mark Pegler as Non-Executive Director

Severfield plc, the market leading structural steel group, is pleased to announce the appointment of Mark Pegler as a non-executive director with effect from 5 October 2022. [He will serve on the Company's Remuneration, Nomination and Audit committees.] The appointment forms part of Severfield's board succession process.

Mark Pegler is an experienced FTSE 250 Chief Financial Officer, having spent over a decade as Chief Financial Officer at Hill & Smith plc. His successful tenure there saw significant growth of the business, completing multiple bolt-on acquisitions and expanding the company internationally.

Mark is also a Non-Executive Director and Chair of the Audit Committee at ELE Technologies Ltd, which provides manufacturing services for the Aerospace, Industrial Gas Turbine and Automotive markets.

He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).

Kevin Whiteman, Non-Executive Chairman, commented:

"We are pleased to welcome Mark to the Board of Severfield. He brings a wealth of relevant experience having spent a decade as CFO of a FTSE 250 business. His knowledge will be highly beneficial to Severfield as we continue to build on the considerable positive momentum within the business."

ENDS

For further information, please contact:

Severfield Alan Dunsmore 01845 577 896

Chief Executive Officer

   Adam Semple                                       01845 577 896 

Chief Financial Officer

Jefferies International Simon Hardy 020 7029 8000

   Will Soutar                                            020 7029 8000 

Liberum Capital Nicholas How 020 3100 2000

   Ben Cryer                                              020 3100 2000 

Camarco Ginny Pulbrook 020 3757 4980

   Tom Huddart                                         020 3757 4980 

Notes to editors:

Severfield is the UK's market leader in the design, fabrication and construction of structural steel, with a total capacity of c.150,000 tonnes of steel per annum. The Group has six sites, c.1,500 employees and expertise in large, complex projects across a broad range of sectors. The Group also has an established presence in the expanding Indian market through its joint venture partnership with JSW Steel (India's largest steel producer).

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October 03, 2022 02:00 ET (06:00 GMT)