Restore PLC Board Changes (6191R)

TIDMRST

RNS Number : 6191R

Restore PLC

30 October 2023

Restore plc

("Restore" or the "Group" or "Company")

Board Changes

Restore plc (AIM: RST), the UK's leading provider of digital and information management and secure lifecycle services, announces the following changes to its Board:

Chief Financial Officer

Restore announces the appointment of Dan Baker as Chief Financial Officer and Director of the Company with effect from 13 November 2023. Dan joins Restore from EV Metals Group plc where he was CEO of its Battery Materials business following its acquisition from Johnson Matthey plc in 2022. Between 2018 and 2022 he held the role of Finance and Strategy Director, Battery Materials at Johnson Matthey plc. Prior to that, Dan had a number of senior roles at Smith & Nephew plc, including Group Financial Controller and CFO China. Dan is a Chartered Accountant and joined Smith & Nephew plc in 2013 from Deloitte LLP where he was an Audit Director, having spent eleven years within their audit practice. Dan succeeds Mike Killick, who has served as interim CFO since August. Mike will step down as a Director of the Company with effect from 13 November 2023 but will assist with an orderly handover to Dan during his notice period.

Charles Skinner, CEO, commented :

"We are delighted that Dan is joining us as Chief Financial Officer. He is a highly experienced finance executive who brings considerable commercial and technical accounting knowledge as well as a strong understanding of listed company and growth business environments. On behalf of the Board, I would like to express my sincere appreciation for Mike's contribution during his interim appointment."

Chair

Restore announces the succession of Jamie Hopkins as Non-Executive Chair, taking over from Sharon Baylay-Bell who is standing down as Chair and director of Restore following a nine year non-executive tenure, both changes effective immediately. Jamie joined the Board of Restore in 2020 and served as Senior Independent Director and Remuneration Committee Chair prior to assuming an interim executive role in July this year.

Sharon joined the Board of Restore in September 2014 and has served as Risk Committee Chair and Senior Independent Director, as well as Chair since October 2021. During her tenure as Chair Sharon has successfully managed the evolution of the Board and overseen the development of the ESG strategy. In recent months Sharon has led the transition to a new executive leadership team with the appointment of Charles Skinner as CEO and the announcement today of Dan Baker as CFO following an independent search process.

Alongside these Board changes Susan Davy will continue in her role as Senior Independent Director and Audit Committee Chair and Lisa Fretwell continues in her role as Chair of Risk, Remuneration and ESG.

Jamie Hopkins, Chair, commented :

"I would like to thank Sharon for her leadership as Chair over the last two years and for her commitment and service to Restore since joining the Board in 2014. We wish her well for the future. I am looking forward to leading the Board and working with the management team to deliver value to all of our stakeholders."

For further information please contact:

 
 Restore plc                                   www.restoreplc.com 
 Charles Skinner, CEO                          +44 (0) 207 409 2420 
 Jamie Hopkins, Chair 
 Chris Fussell, Company Secretary 
 
 Investec (Nominated Adviser and Joint         www.investec.com 
  Broker) 
 Carlton Nelson                                44 (0) 207 597 5970 
 James Rudd 
 
 Canaccord Genuity (Joint Broker, Corporate    www.canaccordgenuity.com 
  Advisor) 
 Max Hartley                                   44 (0) 207 523 8000 
 Chris Robinson 
 
 Citi (Joint Broker)                           www.citigroup.com 
 Stuart Field                                  +44 (0) 207 986 4074 
 Luke Spells 
 
 FTI Consulting (PR Enquiries)                 www.fticonsulting.com/uk 
 Nick Hasell                                   +44 (0) 203 727 1340 
 Alex Le May

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies

Daniel John Baker (age 44)

 
 Current directorships   Directorships held in the last five years 
----------------------  --------------------------------------------------------- 
                         Johnson Matthey Battery Materials Finland Oy 
                          Johnson Matthey Battery Materials GmbH 
                          Mutation LiFePO4+C Licensing AG 
                          Johnson Matthey Poland Sp zoo 
                          Global Battery Alliance VZW 
                          Johnson Matthey Battery Materials (Changzhou) Co., Ltd. 
                          Johnson Matthey Battery Materials Ltd 
                          JMBM LLC

Save as set out above, there are no further disclosures required pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Dan Baker's appointment to the Board. Dan Baker does not hold any shares in the Company.

Note:

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAFIFVAIELAFIV

(END) Dow Jones Newswires

October 30, 2023 03:00 ET (07:00 GMT)

Restore (LSE:RST)
Historical Stock Chart
From Dec 2024 to Jan 2025