Northern Bear Plc Directorate Change (1162I)
March 30 2020 - 11:54AM
UK Regulatory
TIDMNTBR
RNS Number : 1162I
Northern Bear Plc
30 March 2020
30 March 2020
Northern Bear plc
("Northern Bear" or the "Company")
Directorate Change
The Company announces that Graham Jennings, Group Managing
Director of Northern Bear, will leave the board of the Company on
31 March 2020, which coincides with the Group's financial year end.
Following Graham's leadership we believe the Group's businesses are
as well placed as they can be to deal with the issues which they
currently face and can now operate independently, without his
day-to-day involvement and supervision. His other responsibilities
will be dealt with by the other executive members of the board and
there is no plan to recruit a successor at this juncture.
Following a board reorganisation in October 2011, Graham became
Group Managing Director, performing that role alongside his
position as Managing Director of Jennings Roofing. Graham was
instrumental in steering the Group to renewed success.
Having put a strong and capable management structure in place
with Jennings Roofing, in April 2018, Graham focused the whole of
his time on his Group role. One of his primary responsibilities was
the creation of a succession plan for each of the other operating
subsidiaries. We are pleased to report that the succession plan is
now in place at each Group Company.
In addition to fulfilling his other duties, Graham also played a
key role in the acquisition of Lister Holdings (York) Limited and
its wholly owned subsidiary J Lister Electrical Limited, which was
announced on 16 January 2020.
Graham departs as the role which he previously agreed with the
rest of Board has now been fulfilled. He remains a supporter of
Northern Bear. To this end, he has agreed to liaise with the
Company should he wish to sell any of his shares in the future.
Graham plans to spend more time on his other unrelated business
interests and to spend more time with his family and pursuing his
hobbies. We wish him every success and would like to thank him for
his hard work, which has played a major part in making Northern
Bear what it is today.
Steve Roberts, Executive Chairman of Northern Bear,
commented:
"We have worked closely with Graham and the rest of the
executive board since the reorganisation in October 2011. Graham
leaves behind a much stronger, more successful Group than that
which he took control of at that time. I, personally, would like to
thank him for his commitment to the success of Northern Bear."
For further information, please contact:
Northern Bear PLC
Steve Roberts - Executive Chairman
Tom Hayes - Finance Director +44 (0) 166 182 0369
Strand Hanson Limited (Nominated Adviser and Broker)
James Harris
James Bellman +44 (0) 20 7409 3494
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAEBLFXBXLEBBF
(END) Dow Jones Newswires
March 30, 2020 11:54 ET (15:54 GMT)
Northern Bear (LSE:NTBR)
Historical Stock Chart
From Apr 2024 to May 2024
Northern Bear (LSE:NTBR)
Historical Stock Chart
From May 2023 to May 2024