SIG PLC Appointment of Non-Executive Directors (6904S)
July 10 2020 - 6:17AM
UK Regulatory
TIDMSHI
RNS Number : 6904S
SIG PLC
10 July 2020
10 July 2020
SIG plc
("SIG" or the "Company")
Appointment of Non-Executive Directors
SIG announces the appointment of Bruno Deschamps and Christian
Rochat as Non-Executive Directors with effect from 10 July 2020.
Both Mr. Deschamps and Mr. Rochat have been appointed by CD&R
Sunshine S.à r.l ("CD&R") in accordance with the terms of the
relationship agreement dated 29 May 2020 between CD&R and the
Company.
Mr. Deschamps has agreed to become a member of the Company's
Remuneration Committee, and Mr. Rochat will become a member of the
Company's Nominations Committee.
Mr. Deschamps is the chairman and CEO of Entrepreneurs LLP based
in London. He is a member and prior chairman of the board of
Diversey, a global leader of hygiene and sanitation products,
services and solutions to the institutional and industrial markets.
Previously he served as chairman of the advisory board of Klöckner
Pentaplast Group, one of the world's largest suppliers of films for
pharmaceuticals, medical devices, food, electronics and general
packaging, and, from 2008 to 2011, as group managing partner of 3i
plc (London). He served as a CD&R Operating Partner from 2002
to 2007 during which time he was chairman and CEO of Brakes Group
and played a key role in CD&R's investments in Culligan, Rexel
and VWR. Mr. Deschamps also served as president and chief operating
officer of Ecolab, a Fortune 100 company with more than $14 billion
in revenue. During his ten years in Germany, he served as CEO of
Henkel Industrial Adhesives Worldwide and president and CEO of
Teroson GmbH and Henkel Ecolab. Mr. Deschamps also served as
chairman and CEO of his family-owned specialty chemical company,
SAIM, in France. He is a member of the board of the Franco British
Chamber of Commerce, a knight of the Legion d'honneur, France, and
past president of the French Foreign Trade Advisors in the UK.
Mr. Rochat joined CD&R in 2004 and is a CD&R Partner
based in London. Mr. Rochat led the CD&R investments in Belron,
Exova Group Plc, Socotec, SPIE and Westbury Street Holdings
("WSH"). He also led the sale of Brakes Group and served as a
director on the Brakes board. Prior to joining CD&R, he was a
Managing Director at Morgan Stanley Capital Partners, and a
Director at Schroder Ventures (now Permira). He also worked in the
London and New York offices of Morgan Stanley's mergers and
acquisitions department. He is a Director of Belron, Socotec and
WSH. He holds a B.A. and Ph.D. in law from the Université de
Lausanne, as well as an MBA from the Stanford Graduate School of
Business.
Andrew Allner, Chairman, commented, "I am delighted to welcome
Bruno and Christian to SIG. Their deep industrial knowledge, allied
to their extensive experience in driving and overseeing improved
company performance, will be of great benefit to the Group."
There are no further details to be disclosed in respect of
Listing Rule 9.6.13.
LEI: 213800VDC1BKJEZ8PV53
Enquires
SIG plc
Andrew Allner, Chairman +44 (0) 114 285 6300
Steve Francis, Chief Executive
Officer +44 (0) 114 285 6300
Ian Ashton, Chief Financial
Officer +44 (0) 114 285 6300
FTI Consulting
Richard Mountain / Susanne Yule +44 ( 0) 20 3727 1340
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END
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