Directorate Change

RNS Number : 3107D

Genuit Group PLC

18 October 2022

 

18 October 2022

Genuit Group plc

Board changes

Genuit Group plc ("Genuit", the "Company" or the "Group"), a leading provider of sustainable water and climate management solutions for the built environment, announces that following a comprehensive selection process led by an external recruitment consultant, Kevin Boyd will succeed Ron Marsh as the Company's Chair with effect from 1 November 2022. Kevin joined the Board in September 2020 and was previously the Chief Financial Officer of global engineering group Spirax-Sarco Engineering plc and Group Finance Director for Oxford Instruments plc. He is also a Non-Executive Director of Bodycote plc and Emis Group plc.

Ron will remain on the Board to assist with the handover of the Chair and will stand down from the Board on 31 December 2022, having completed nearly nine years of service.

Kevin Boyd, Independent Non-Executive Director, commented: "I am delighted to have been appointed Chair of Genuit and look forward to working with the Board and the senior management team as we embark on the next stage of the Group's development. On behalf of the Board, we thank Ron for his hard work and valuable contribution to the Group, and wish him every success for the future"

Ron Marsh, Chair, commented: "I am very proud to have led the Genuit Board through a period of substantial growth and change over the last eight years. I wish everyone at Genuit every success for the future and I look forward to working with Kevin to ensure a smooth transition."

For further information please contact:

Emma Versluys    [phone] 

Group Legal Counsel & Company Secretary 

Notes to Editors:

Genuit Group plc ("Genuit", the "Company" or the "Group"), a leading provider of sustainable water and climate management solutions for the built environment, is the largest manufacturer in the UK, and among the ten largest manufacturers in Europe, of piping systems for the residential, commercial, civils and infrastructure sectors by revenue. It is also a leading designer and manufacturer of energy efficient solutions in water-based heating systems in the UK.

The Group operates from 30 facilities in total and manufactures the UK's widest range of solutions for heating, plumbing, drainage and ventilation. The Group primarily targets the UK and European building and construction markets with a presence in Italy and the Netherlands, and sells to specific niches in the rest of the world.

Genuit Group plc changed its name from Polypipe Group plc on 6 April 2021. The Group was established in 1980 and has been listed on the premium segment of the London Stock Exchange since 2014.

 

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