Tyman PLC Directorate Change (5611V)
April 06 2023 - 2:00AM
UK Regulatory
TIDMTYMN
RNS Number : 5611V
Tyman PLC
06 April 2023
6 April 2023
TYMAN PLC
("Tyman" or the "Group")
Directorate Change
Tyman announces that Jo Hallas has decided to step down as Chief
Executive Officer and Director of Tyman with effect from today, by
mutual agreement with the Board. The Group's Chief Financial
Officer, Jason Ashton, will act as interim Chief Executive Officer
with effect from today and will continue to carry out Tyman's
strategic vision to deliver shareholder value until a permanent
Chief Executive Officer is appointed. Tyman's strong devolved
divisional structure, led by experienced management teams, will
ensure continued focus on delivering its financial targets and
strategic priorities.
The process of recruiting Jo's successor will be led by the
Nominations Committee. Jo will remain available to the Group over
the next 12 months, as required, to ensure an orderly handover.
Nicky Hartery, Chair of Tyman, said: "Jo has done a tremendous
job over the last four years. The Board and I would like to thank
Jo for her significant contributions including establishing and
driving the Group's strategy with sustainability at its core,
leading our recovery in North America, and seeing the Group through
the pandemic and resulting global supply chain challenges. Having
established these strong foundations, it has been mutually agreed
that now is the right time to step down and allow her successor to
lead the next stage of Tyman's development. We wish her well for
the future. "
Consistent with the Group's 2022 final results announcement
published on 2 March 2023, trading continues to be in line with the
Board's expectations. The Group will publish a trading update with
its Annual General Meeting on 18 May 2023.
Enquiries
Tyman plc 020 7976 8000
Jason Ashton - Interim Chief Executive
Officer
Matt Jones - Head of Investor Relations investor.relations@tymanplc.com
MHP 020 3128 8613
Reg Hoare / Rachel Farrington / Matthew
Taylor tyman@mhpgroup.com
Notes:
Jo Hallas's remuneration arrangements on stepping down from the
Board shall be consistent with the Group's remuneration policy.
Details of such arrangements shall be published on Tyman's website,
www.tymanplc.com , as required by section 430(2B) of the Companies
Act 2006.
This announcement contains inside information for the purposes
of Art. 7 of EU Regulation 596/2014, which forms part of domestic
UK law pursuant to the European Union (Withdrawal) Act 2018. The
person responsible for making this notification is Peter Ho,
Tyman's General Counsel & Company Secretary.
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END
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