Tyman PLC Board Changes (5504O)
08 November 2016 - 7:01AM
UK Regulatory
TIDMTYMN
RNS Number : 5504O
Tyman PLC
08 November 2016
TYMAN PLC
("Tyman" or the "Group")
Board Changes
Tyman, a leading international supplier of engineered components
to the door and window industry, announces that Jamie Pike, the
Group's Non-executive Chairman, has indicated his intention to step
down as Chairman and as a Director of Tyman due to his increasing
plc commitments elsewhere. Accordingly, Jamie will leave the Board
following the next Group AGM, expected to be held in May 2017.
The search for a successor to Jamie has been led by Mark
Rollins, Chairman of the Group's Remuneration Committee, in
conjunction with a leading executive search firm.
Following completion of the search the Board is pleased to
announce that Martin Towers, currently the Group's Senior
Independent Director and Chairman of the Group's Audit Committee,
has been appointed Chairman designate and will succeed Jamie as
Non-executive Chairman of Tyman following the 2017 AGM.
In light of the selection of Martin Towers as Chairman
designate, Mark Rollins has agreed to take on the role of Senior
Independent Director with effect from today.
An announcement regarding a successor to Martin Towers as
Chairman of the Group's Audit Committee will be made in due
course.
Board Composition
The composition of the Group Board is now as follows:
Jamie Pike Non-executive Chairman
Martin Towers Non-executive Director
Chairman designate
Audit Committee Chairman
Louis Eperjesi Chief Executive Officer
James Brotherton Chief Financial Officer
Mark Rollins Non-executive Director
Senior Independent Director
Remuneration Committee
Chairman
Angelika Westerwelle Non-executive Director
Jamie Pike said:
"After seven years as Chairman of Tyman this is the right time
for me to step down from the Board. I am pleased that Martin will
succeed me as Chairman and am confident that his skills and
experience will make a significant contribution to the future
development of the Group."
Martin Towers said:
"On behalf of the Board I would like to thank Jamie for his
commitment to Tyman over the past seven years, a period during
which the Group has made considerable progress. I am delighted to
have been invited to become Chairman and I look forward to working
with the executive team to continue to develop and grow the
Group."
8 November 2016
Enquiries:
Tyman plc 020 7976 8000
Carolyn Gibson - Group Company Secretary www.tymanplc.com
MHP Communications 020 3128 8100
Reg Hoare
Jamie Ricketts
Nessyah Hart
Notes to editors
Martin Towers
Martin Towers was appointed as a non-executive Director of Tyman
plc in December 2009 and was chief executive of Spice plc until its
sale to Cinven in December 2010. Previously, Martin was group
finance director of Kelda Group plc from 2003 until February 2008.
He is a fellow of the ICAEW and began his career with Coopers &
Lybrand before moving to the retailer Ward White Group plc. Martin
has served as group finance director of McCarthy & Stone plc,
The Spring Ram Corporation plc and Allied Textile Companies plc. He
was a non-executive director of Homestyle Group plc from 2004 to
2006 and of KCOM Group plc from 2009 to July 2015.
Martin is currently a Non-executive Director and Senior
Independent Director of RPC Group plc and Non-executive Chairman of
Norcros plc.
Tyman plc
Tyman plc is a leading international supplier of engineered
components to the door and window industry. The Group's three
Divisions - AmesburyTruth, ERA and Schlegel International - are
market leaders in their respective geographies.
Following the acquisitions of Bilco, Giesse and Response the
Group employs over 3,500 people and operates facilities in 19
countries worldwide. Tyman is listed on the London Stock Exchange
under the ticker TYMN.
Further information on the Group and the Group's products is
available at www.tymanplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 08, 2016 02:01 ET (07:01 GMT)