Wincanton PLC Directorate change (4371Y)
May 09 2019 - 2:00AM
UK Regulatory
TIDMWIN
RNS Number : 4371Y
Wincanton PLC
09 May 2019
For Immediate Release 9 May 2019
WINCANTON PLC ("Wincanton" or the "Group")
Directorate change
Wincanton, the largest British third party logistics company,
today announces that Adrian Colman, Chief Executive, has formally
notified the Board of his intention to retire. He will therefore
step down from the Board later this year. The Board is pleased to
announce that he will be succeeded by James Wroath, currently Chief
Operating Officer, North America for LSG Sky Chefs.
James' appointment follows a comprehensive search process
undertaken by the Board's Nomination Committee, as part of its
succession planning, supported by an external search firm.
James has been Chief Operating Officer of North America for LSG
Sky Chefs since 2015. Previously, he was a Senior Vice President
for Kuehne & Nagel in the UK and North America with senior
roles in contract logistics and transportation between 2006 and
2015. Prior to that, James worked in senior distribution roles with
Scottish & Newcastle.
James is expected to join Wincanton no later than the end of
October. In order to effect an orderly handover, Adrian will remain
as Chief Executive and Board director until that time.
Dr Martin Read CBE, Chairman of Wincanton, said: "We are
delighted to have appointed a candidate of James' calibre and look
forward to welcoming him to the Board. He has deep experience in
logistics and the broader business services environment and will be
focused on exploiting Wincanton's respected market position, its
extensive national coverage and its strong operational base to
deliver profitable growth.
"On behalf of the Board, I also want to acknowledge the
significant contribution that Adrian has made during his six years
with the Group. During his tenure, Wincanton has successfully
rebuilt its financial position and considerably improved the
reliability of its earnings. We thank Adrian for his commitment and
hard work and wish him all the very best for the future."
For further information, please contact:
Wincanton plc Tel: 01249 710 000
Dr Martin Read CBE, Chairman
Tim Lawlor, Chief Financial
Officer
Buchanan (Financial PR) Tel: 0207 466 5000
Richard Oldworth
Victoria Hayns
Maddie Seacombe wincanton@buchanan.uk.com
Notes:
Listing Rule 9.6.13R
The Company confirms that there are no disclosures to be made in
connection with Mr Wroath's appointment in accordance with Listing
Rule 9.6.13R.
Information regarding Mr Colman
Information on payments to be made to Adrian Colman after he
ceases to be a director, which the Company is required to make
available under s430(2B) of the Companies Act 2006, can be accessed
via the Investors section on www.wincanton.co.uk
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END
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