Gym Group PLC (The) Changes to NED Roles and Responsibilities (6372S)
March 18 2021 - 3:00AM
UK Regulatory
TIDMGYM
RNS Number : 6372S
Gym Group PLC (The)
18 March 2021
18 March 2021
The Gym Group plc
Changes to Non-Executive Director Roles and Responsibilities
The Gym Group plc (the "Company"), the nationwide operator of
186 low-cost gyms, announces the following changes to Board roles
and responsibilities and the composition of its committees.
As announced on 15 January 2021, our Senior Independent Director
and Audit & Risk Committee Chair, Paul Gilbert, will retire at
the AGM in May after nine years with our business. The Company is
pleased to announce that independent non-executive director Emma
Woods will be appointed to the role of Senior Independent Director
(SID) with effect from the date of the Company's next AGM.
In addition to the change of SID, the following changes to roles
and responsibilities of certain of our non-Executive Directors will
also take place with effect from the date of the Company's next AGM
:
-- David Kelly will be appointed chair of the Audit & Risk Committee;
-- Emma Woods will be appointed chair of the Remuneration Committee;
-- Rio Ferdinand will join the Remuneration Committee, the
Nomination Committee and the Health & Safety and Wellbeing
Committee; and
-- Wais Shaifta will join the Audit & Risk Committee, the
Nomination Committee and the Health & Safety and Wellbeing
Committee.
Penny Hughes, Chair of the Gym Group, commented:
"The Board is committed to ensuring that the Company maintains
high standards of corporate governance with orderly succession and
rotation of Board roles and responsibilities. These changes take
into account our Non-Executive Directors' skills, knowledge and
experience and their enthusiasm to carry new responsibilities for
the next stage of growth at The Gym."
For further information, please contact:
The Gym Group: via Instinctif
Richard Darwin, CEO
Mark George, CFO
Penny Hughes, Chairwoman
Instinctif Partners:
Matthew Smallwood, Justine Warren 0207 457 2005/10
Numis:
Luke Bordewich, George Price 0207 260 1366
Peel Hunt:
Dan Webster, George Sellar 0207 418 8900
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