Board Changes

RNS Number : 9564R

Hill & Smith Hldgs PLC

06 March 2019

 

6 March 2019

Hill & Smith Holdings PLC

Board Changes

Hill & Smith Holdings PLC ('Hill & Smith' or 'the Group'), an international group with leading positions in the supply of infrastructure products and galvanizing services to global markets, today announces that Mark Pegler, Group Finance Director, will step down from the Board and leave the Group at the end of April 2019. This move reflects the outcome of the Board's long term succession planning, alongside Mark's personal plans for his future. A search for his successor is underway.

Mark will be overseeing an orderly transfer of his responsibilities over the next two months and, following his departure, the Group's Financial Controller, Mark Else, will take interim responsibility for the Group Finance function pending the appointment of Mark's permanent replacement.

Derek Muir, CEO, said:

"Mark has played a major role in Hill & Smith's very successful evolution over the course of the last eleven years, and I would like to thank him both for this commitment, and for his personal support. On behalf of the Board and everyone within the Group, I wish him well for the future."

Mark Pegler said:

"This is a fantastic business run by a great team of people. Together, we have achieved a great deal over the past last 11 years but now is the right time for this change to take place. Hill & Smith is in good shape to continue to build on its market leading positions, and I wish everyone involved with the Group the very best for the future."

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Notes:

Mark Else is a Chartered Accountant, having qualified in 2000 with KPMG and has been at Hill & Smith for 10 years, seven of which have been as Group Financial Controller.

Notes to Editors

Hill & Smith Holdings PLC is an international group with leading positions in the design, manufacture and supply of infrastructure products and galvanizing services to global markets. It serves its customers from facilities principally in the UK, France, USA, Sweden, Norway, India and Australia.

The Group's operations are organised into three main business segments:

Infrastructure Products - Roads, supplying products and services such as permanent and temporary road safety barriers, hostile vehicle mitigation products, street lighting columns, bridge parapets, temporary car parks, traffic management and variable road messaging solutions.

Infrastructure Products - Utilities, supplying products and services such as pipe supports for the power and liquid natural gas markets, energy grid components, composite 'GRP' products, plastic drainage pipes, industrial flooring, handrails, access covers and security fencing.

Galvanizing Services which provides zinc and other coatings for a wide range of products including fencing, lighting columns, structural steel work, bridges, agricultural and other products for the infrastructure and construction markets.

Headquartered in the UK and quoted on the London Stock Exchange (LSE: HILS.L), Hill & Smith Holdings PLC employs some 4,400 staff, principally in 7 countries.

For further information, please contact:

Hill & Smith Holdings PLC

Derek Muir, Group Chief Executive                                                         Tel: [phone]

MHP Communications

Andrew Jaques / Ollie Hoare                                                                     Tel: [phone]

 

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