SIG PLC Appointment of CFO and Non-Executive Director (2940O)
May 29 2020 - 2:01AM
UK Regulatory
TIDMSHI
RNS Number : 2940O
SIG PLC
29 May 2020
29 May 2020
SIG plc
(Incorporated in England and Wales)
Company Number: 00998314
LSE Share Code: SHI
ISIN: GB0008025412
LEI: 213800VDC1BKJEZ8PV53
Appointment of Chief Financial Officer and Non-Executive
Director
SIG plc ("SIG" or "the Company"), a leading supplier of
specialist building materials to trade customers across Europe,
announces two Board appointments, Ian Ashton as permanent Group
Financial Officer (CFO) and Director and Simon King as a
Non-Executive Director with effect from 1 July 2020.
Ian will join us from Low & Bonar plc, where he has served
as Group Chief Financial Officer. Prior to that, he was Chief
Financial Officer of Labviva LLC, a US-based technology company.
Ian worked for twenty years at Smith & Nephew plc until
December 2017, undertaking various financial roles of increasing
seniority in the UK, the US and Asia. His last role was Chief
Financial Officer, Global Operations, and prior to that Ian served
as Chief Financial Officer of their Advanced Surgical Devices
Division. Ian is a qualified chartered accountant and began his
career at Ernst & Young.
Ian replaces Kath Kearney-Croft, who assumed the role of Interim
Chief Financial Officer on 25 February 2020.
Simon has over 35 years' e xperience leading international
businesses. Most recently he served on the Travis Perkins Executive
Board and held the position of Chief Operating Officer of Wickes.
Prior to that Simon held various operational roles at Walmart,
Savola Group and Tesco.
Andrew Allner, Chairman, commented, " Ian is a highly
experienced senior executive with a strong track record of driving
change and is an extremely valuable addition to the team as we
pursue our new strategy for growth. On behalf of the Board, I would
like to thank Kath for her dedication and leadership through this
challenging time and we wish her all the best for the future.
The Board is delighted to have appointed both Simon King and Ian
Ashton to SIG. Simon's extensive hands-on experience will be
invaluable in our efforts to build on SIG's leading market
positions and return the business back to profitable growth."
Ian Ashton, commented, "I am delighted to have been appointed
CFO of SIG. The Group retains a significant presence in a number of
high growth end-markets, with leading positions across Europe. I
look forward to working alongside Steve Francis and the rest of his
management team to deliver the new strategy and drive a return to
sustainable profitable growth."
Notes
Ian's remuneration package will consist of a basic salary and
variable incentive arrangements which are in line with SIG's
current remuneration policy and practice. In summary, a base salary
of GBP375,000, the ability to earn a maximum bonus of 100% of basic
salary and eligibility to participate in the Long-Term Incentive
Plan.
There are no further details to be disclosed for Simon King and
Ian Ashton in respect of Listing Rule 9.6.13.
This announcement contains inside information. The person
responsible for making this notification is Kulbinder Dosanjh,
Company Secretary.
Contacts
+44 (0) 114 285
SIG plc 6300
Andrew Allner, Chairman
Steve Francis, Chief Executive
Officer
FTI Consulting +44 (0) 7909 684466
Richard Mountain
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END
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