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PSN Persimmon Plc

1,432.00
25.50 (1.81%)
Last Updated: 09:58:17
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Persimmon Plc LSE:PSN London Ordinary Share GB0006825383 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  25.50 1.81% 1,432.00 1,431.50 1,432.50 1,434.00 1,418.50 1,419.00 148,463 09:58:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contr-single-family Home 2.77B 255.4M 0.7996 17.87 4.56B

Persimmon PLC Appointment of Chairman (7611H)

15/03/2018 7:01am

UK Regulatory


Persimmon (LSE:PSN)
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RNS Number : 7611H

Persimmon PLC

15 March 2018

15 March 2018

Persimmon Plc

Appointment of Chairman

Persimmon Plc is pleased to announce the appointment of Roger Devlin as Chairman from 1 June 2018.

Roger has extensive experience as an executive, non-executive and Chairman in a wide range of companies and has recently been appointed Chairman Designate of William Hill PLC. Since 2013 he has been Chairman of leading pub operator and brewer, Marston's PLC, and he is also currently the Senior Independent Director of the Football Association. He will step down from both Marston's PLC and the Football Association on 31 May 2018.

Nigel Mills, Senior Independent Director and Acting Chairman of Persimmon, said: "Following a very thorough process, the Board has agreed that Roger is the right candidate to chair Persimmon. I am sure that his wide business experience and his personal qualities will enable him to make a significant contribution to the future of the Group."

Roger Devlin commented: "Persimmon has delivered excellent financial performance as well as materially increasing output in recent years. The housebuilding industry offers good growth prospects, and I look forward to working with Jeff Fairburn, his executive team and the Board in providing a broad range of quality homes to our valued customers while continuing the Group's track record of superior returns to shareholders."

No further information is required to be disclosed pursuant to Listing Rule 9.6.13.

Enquiries:

 
 Citigate Dewe Rogerson   Tel: +44 (0) 20 7638 
                           9571 
 
 Simon Rigby 
 Kevin Smith 
 Jos Bieneman 
 

Notes

Roger Devlin's fee will be GBP300,000, payable from 1 June 2018 and he will not receive any other benefits. Roger does not currently have an interest in shares in Persimmon.

The process to appoint Roger Devlin was led by Nigel Mills, Senior Independent Director. The Nomination Committee appointed MWM Consulting, a leading executive search and board advisory consulting firm, to conduct the search for a new Chairman. An extensive search was conducted by MWM and a shortlist of candidates was agreed before interviews were conducted.

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOABRGDXGBBBGIS

(END) Dow Jones Newswires

March 15, 2018 03:01 ET (07:01 GMT)

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