Norman Broadbent PLC Appointment of Executive Chairman (7776B)

TIDMNBB

RNS Number : 7776B

Norman Broadbent PLC

15 June 2021

Norman Broadbent plc

("Norman Broadbent", "NBB" or the "Group")

Appointment of Executive Chairman

The board (the "Board") of Norman Broadbent (AIM: NBB), a leading London listed Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services (Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Talent Solutions), is pleased to announce that Peter Searle has been appointed to its Board as Executive Chairman, effective immediately after the completion of the Annual General Meeting on 25 June 2021. NBB's current Non-Executive Chairman, Alan Howarth, has informed the Board of his intention to retire from the Board albeit that he is willing to serve his notice period and accordingly, will remain on the Board as Chairman until the completion of the Annual General Meeting on 25 June 2021 and thereafter as a Non-Executive Director until August 2021. The Board would like to extend their thanks and appreciation to Alan for his contribution to the Company during his tenure. The Company will shortly commence a process to appoint a new independent Non-Executive Director and a further announcement will be made in due course.

Peter has over 30 years' experience in the recruitment sector. In 1999, he was appointed Group Managing Director at Adecco and was responsible for the European and Asia Pacific offices of the professional services companies. After a global reorganisation in 2005, Peter became the Chief Executive of United Kingdom and Ireland at Adecco with additional responsibility for South Africa, India, Australia and New Zealand. In 2006, Peter left to join Spring Group as CEO. He returned in 2009 when Adecco purchased Spring Group and was appointed to the Group Executive Committee. Peter was most recently the CEO of Airswift from 2016 to 2018 and Executive Chairman from 2018 - May 2021. In addition to a number of NED positions, he is Chairman of the Hiring Hub. Peter has an honours degree in Business and a Post- Grad Diploma in Marketing.

Mike Brennan, Chief Executive Officer said:

"On behalf of the Board and the whole Norman Broadbent family, I would like to welcome Peter to the Company. Peter has a strong track record within our industry and has enjoyed success both within the private and public markets. He brings a wealth of experience to our Board and we look forward to working with him as we continue to grow and scale the company. As Peter joins us, I would like to take this opportunity to thank Alan Howarth for his help and support whilst serving as our Non-Executive Chairman, particularly during the pandemic".

Steve Smith, CFO & COO added:

"Peter's addition to the Board and his decision to invest in Norman Broadbent is yet another positive sign. Our strategy of building a more balanced Professional Services business not only helped us weather the pandemic, but also stands us in good stead as we push for further growth. Our portfolio of services is becoming increasingly relevant as clients seek to address the challenges presented in the post-pandemic world".

On his appointment, Peter Searle said:

"I am delighted to be joining Norman Broadbent at this exciting time. The team worked hard during the pandemic showing considerable commitment to our clients, candidates, and the Company. There are many opportunities ahead of us and I am looking forward to helping Norman Broadbent grow and achieve its true potential".

Peter William Courtis Searle (aged 59) owns 3,401,360 shares in the Company, representing 6.16% of the issued share capital.

A list of Peter's current directorships and partnerships together with those held within the last five years is set out below:

 
 Current appointments:            Appointments within previous 
                                   5 years: 
 Air Energi Newco Limited         Air Energi Group Investments 
  The Hiring Hub Holdings          Limited 
  Limited                          Air Energi Group Limited 
  Orka Technology Group Limited    Air Energi Holdings Limited 
                                   Air Energi investments Limited 
                                   Air Resources Limited 
                                   AirSwift Holdings Limited 
                                   Bellevue Resources Limited 
                                   Cornwall Street funding LLP 
                                   Courtis44 Limited 
                                   Ducatus Partners Limited 
                                   EP Solar Construction LLP 
                                   Glotel Holdings Limited 
                                   Marchfield Holdings Limited 
                                   My Digital Accounts Limited 
                                   Netley Funding LLP 
                                   Singular Resource Solutions Limited 
                                   Spring Personnel Limited 
                                   STS (London) Limited 
                                   Swift (Nigeria) Limited 
                                   Swift Engineering (Azerbaijan) 
                                   Limited 
                                   Swift Technical (Azerbaijan) 
                                   Limited 
                                   Swift Technical (Europe) Limited 
                                   Swift Technical (Operations) 
                                   Limited 
                                   Swift Technical (Russia) Limited 
                                   Swift Technical Group Holdings 
                                   Limited 
                                   Swift Technical Group Limited 
                                   Swift Technical Holdings Limited 
                                   Swift Worldwide Resources Bidco 
                                   Limited 
                                   Swift Worldwide Resources Holdco 
                                   Limited 
                                   Swift Worldwide Resources Midco 
                                   Limited 
                                   Swift Worldwide Resources UK 
                                   Corp Limited 
                                   The Start-Up Loans Company 
                                   Wally Corner Funding LLP 
 

No further information is required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

For further information, please contact:

 
 Norman Broadbent plc 
  Mike Brennan 
  Steve Smith            020 7484 0000 
 WH Ireland Limited 
  Adrian Hadden 
  Jessica Cave 
  Darshan Patel           020 7220 1666 
 

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAFIFFDRAISLIL

(END) Dow Jones Newswires

June 15, 2021 02:00 ET (06:00 GMT)