Titon Holdings PLC Non-Executive Director and Board changes (8441G)
April 01 2022 - 2:01AM
UK Regulatory
TIDMTON
RNS Number : 8441G
Titon Holdings PLC
01 April 2022
LEI: 213800ZHXS8G27RM1DD7
1 April 2022
Titon Holdings Plc
Non-Executive Director appointments and Board changes
Titon Holdings Plc, ("Titon", the "Company" or the "Group") a
leading manufacturer and supplier of ventilation systems and window
and door hardware, today announces the appointments of Paul Hooper
and Jeff Ward as independent Non-executive Directors of Titon with
immediate effect. At the same time, John Anderson, the Company's
founder and a Non-Executive Director, will step down from the Board
but will remain as President in recognition of his outstanding
contribution to Titon since its inception in 1972. Tyson Anderson
will take on the position of Deputy Chairman.
Independent Non-executive Director appointments
Paul Hooper is currently Chief Executive of The Alumasc Group
plc, a position he has held since April 2003. Alumasc is a UK-based
supplier of sustainable building products and solutions. He joined
Alumasc in April 2001 as Group Managing Director. His earlier
career included a first Managing Director role with BTR plc in
1992. He subsequently joined Williams Holdings plc in Special
Operations, implementing acquisitions in Europe and North America,
prior to joining Rexam PLC as a Divisional Managing Director with
responsibility for operations in Europe and South East Asia. Paul
holds an MBA from Cranfield School of Management.
Jeff Ward is currently CEO of Guardian Fall, one of the largest
independent height safety companies in the world. He was previously
CEO of Centurion Safety Products from December 2015 until July 2020
and before then held a number of leadership roles in hardware and
safety businesses where he was responsible for a range of
activities, including sales, marketing, supply chain and strategy.
Jeff holds an MBA from Warwick Business School and also serves as a
Director of the British Safety Industry Federation.
Both individuals bring a wealth of experience and skills to the
Board and we look forward to them making a valuable contribution to
Titon's future.
Board Changes
John Anderson will step down as Deputy Chairman and a
Non-Executive Director of the Company with immediate effect and
will take up the position of President due to his outstanding
service to Titon. He will no longer be a director of the Company
but will still be entitled to attend board meetings where his
experience and advice will always be valued. Tyson Anderson will
take on the position of Deputy Chairman of the Board from today and
will represent the Anderson family shareholding in Titon on the
Board. The role of Sales and Marketing Director will be moved to
our main operating subsidiary, Titon Hardware Ltd, and Tyson will
continue his duties in this role. As previously announced, Tony
Gearey will leave the Group on 6 April 2022 and the role of IT
Director will cease with effect from the same day. These changes
are designed to allow the Board to focus on delivering the Group's
strategy and financial performance while ensuring that operational
matters are managed at the level of the main subsidiary.
Keith Ritchie, Executive Chairman, commented:
"I am delighted to welcome Paul and Jeff to the Board and I am
confident that they will utilise their invaluable experience and
knowledge in assisting us with developing our strategy for the
future. This is particularly relevant given the transition to net
zero, our role in the continuing need to improve indoor air quality
and our ultimate objective to generate on-going shareholder value.
I look forward to their contributions."
"I pay tribute to John Anderson, as Titon's founder, for his
contribution to the Group over the last 50 years. He was one of the
first people who really understood the importance of trickle vents
for indoor air quality in the UK and has seen many millions
installed in homes throughout the country and in overseas markets.
At Titon, the role of President is reserved for individuals who
have rendered outstanding service to Titon and John absolutely
meets this test."
For further information please contact:
Titon Holdings Plc
Keith Ritchie Tel: +44 (0) 7748 146834
Shore Capital (Nominated Adviser and Broker)
Daniel Bush Tel: +44 (0)20 7408 4090
James O'Neill
Appendix - AIM Rule 17
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Graham Paul
Hooper, aged 66, holds or has held in the past 5 years the
following directorships and partnerships:
Current directorships/partnerships Directorships/partnerships within
the last 5 years
Alumasc Ltd AIBP 2 Ltd
Alumasc Building Products Ltd Alumasc DD Ltd
The Alumasc Group Plc Alumasc Dispense Ltd
Alumasc Precision Ltd Alumasc Interior Building Products
Benjamin Priest Ltd Ltd
Benjamin Priest Group Ltd The Green Building Products
Blackdown Horticultural Consultants Company Ltd
Ltd H.E. Holdings Ltd
Elkington Gatic Ltd Levolux A.T. Ltd
Levolux Ltd Llevac Ltd
Levolux Inc Main Street (Swanland) Management
Roof-Pro Ltd Ltd
Timloc Building Products Ltd Porterise Ltd
Wade Drainage Products Ltd Sure-Foot Supports Ltd
Wade International Ltd Warne, Wright & Rowland Ltd
Wade International (UK) Ltd
Swanland Ltd
------------------------------------
There is no further information required to be disclosed in
respect of the above appointment pursuant to Rule 17 and Schedule 2
(g) of the AIM Rules for Companies.
In accordance with Schedule 2(g) of the AIM Rules, Jeffrey
Graham Ward, aged 43, holds or has held in the past 5 years the
following directorships and partnerships:
Current directorships/partnerships Directorships/partnerships within
the last 5 years
British Safety Industry Federation Centurion Safety Products Ltd
Limited Martindale Protection Limited
Pure Safety Group Holdings Limited Thetford Moulded Products Ltd
(trading as Guardian Fall)
Pure Safety Group Inc (doing
business as Guardian Fall)
----------------------------------
Mr Ward was appointed as a Director of Robert J. Hall Limited,
an indirect subsidiary of Storch Holding GmbH at the time, on 1
December 2010 and he resigned as a Director on 15 April 2011 when
he left the Storch group. On 10 February 2012 administrators were
appointed. On 31 December 2012, the Company was placed into
creditors voluntary liquidation and was subsequently dissolved on
21 August 2021. The total deficiency as regards creditors was
approximately GBP15.9m.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Rule 17 and Schedule 2
(g) of the AIM Rules for Companies.
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