Stelrad Group PLC Appointment of Senior Independent Director

RNS Number : 8198A

Stelrad Group PLC

25 January 2024

 

Stelrad Group plc

 

Appointment of Senior Independent Director

 

Stelrad Group plc ("Stelrad" or "the Group" or "the Company", LSE: SRAD) is pleased to announce the appointment of Katherine Innes Ker as Senior Independent Director. Katherine has been appointed as Chair of the Nomination Committee and as a member of both the Remuneration and Audit & Risk Committees.

 

Katherine, who will join the Board on 1^st February 2024, is a highly regarded Non-Executive Director, Senior Independent Director and Chair, with extensive board experience across a range of sectors. Katherine is Chair of the Mortgage Advice Bureau plc, Senior Independent Director and Chair of the Remuneration Committee of Forterra plc, and is a Non-Executive Director of Ground Rents Income Fund plc.

 

Bob Ellis, Chair of Stelrad, said:

"I am delighted to welcome Katherine to the Board and look forward to her contribution to support the delivery of the Company's strategy. Katherine brings significant listed company board experience in a Non-Executive capacity, and her appointment will further strengthen the Board."

 

Katherine has held the following directorships in the past five years:

-     Senior Independent Director at Go-Ahead Group plc

-     Non-Executive Director at Vistry Group plc

 

The Company can confirm that there is no further information to disclose in respect of Listing Rule 9.6.13.

 

 

Enquiries

Stelrad Group plc Trevor Harvey, Chief Executive Officer	[phone]
Powerscourt James White / Pete Lambie	[phone] [e-mail]

 

Notes to Editors

Stelrad Group plc is Europe's leading specialist radiator manufacturer, selling an extensive range of hydronic, hybrid, dual fuel and electrical heat emitters to more than 500 customers in over 40 countries. These include standard, premium and low surface temperature (LST) steel panel radiators, towel warmers, decorative steel tubular, steel multicolumn and aluminium radiators.

 

The Group has five core brands: Stelrad, Henrad, Termo Teknik, DL Radiators and Hudevad.  In the data reported by BRG Building Solutions for 2022, Stelrad moved into a market leadership position, with 18.8% share by volume of the combined UK, European and Turkish steel panel radiator market.  The Group is now market leader in seven countries - the UK, Ireland, France, the Netherlands, Belgium, Denmark and Greece, with a top 3 position in a further nine territories.. 

 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2023 employed 1,400+ people, with manufacturing and distribution facilities in Çorlu (Turkey), Mexborough (UK), Moimacco (Italy) and Nuth (Netherlands), with further commercial and distribution operations in Kolding (Denmark) and Krakow (Poland).

 

The Group's origins date back to the 1930s and Stelrad enjoys long established commercial relationships with many of its customers, having served each of its top five current customers for over twenty years.

 

Further information can be found at: https://stelradplc.com/.

 

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