Directorate Change

RNS Number : 9950D

Safestore Holdings plc

13 July 2016

 

13 July 2016

Safestore Holdings plc

("Safestore" or "the Company")

Directorate Change

The Board of Safestore is pleased to announce the appointments of Claire Balmforth and Bill Oliver as independent Non-executive Directors.

Claire Balmforth will be appointed on 1 August 2016 and she will chair the Board's remuneration committee. Bill Oliver will be appointed on 1 November 2016 and he will become a member of the remuneration and audit committees of the board.

Claire Balmforth has been Group HR Director of the Priory Group since July 2014. Previously, Claire was at Carpetright Plc where she served as Group Human Resources Director from 2006 and as Operations Director UK from 2011. She also served as its People and Customer Director. She began her career in Selfridges, and has worked in many retail businesses including Tesco and Boots and has experience in the B2B sector with RAC plc.  

Bill Oliver is a Chartered Accountant with over 30 years' experience with residential and commercial development companies such as Alfred McAlpine, Barratt and The Rutland Group. Bill joined St Modwen Properties PLC in 2000 as Finance Director and was subsequently appointed Managing Director in 2003 and Chief Executive in 2004. He is retiring from this role in November 2016. Bill is also a Member of the advisory board of the Government's Regeneration Investment Organisation.

The Board has been notified that after seven years' service to the Board, Keith Edelman will be stepping down from his position as a Non-executive Director of Safestore on 31 December 2016.

Pursuant to Listing Rule 9.6.11, the Company announces the changes detailed below to the membership of its Board Committees from 1 August 2016, with Bill Oliver's participation effective from 1 November 2016:

The Nomination committee chairman is Alan Lewis with Ian Krieger, Keith Edelman and Jo Kenrick as members. The Remuneration committee will be chaired by Claire Balmforth with Ian Krieger, Jo Kenrick, and Bill Oliver as members. The Audit committee chairman is Ian Krieger with Keith Edelman, Jo Kenrick, and Bill Oliver as members. 

Alan Lewis, Safestore's Chairman, said:

"The Board joins me in putting on record our sincere gratitude to Keith for his valuable contribution to the success and development of the Company over the last seven years and wishing him the very best for the future.

I am also delighted to have Claire and Bill joining our Board. Claire has a deep understanding and knowledge of human resources and operations which will help support the Group's continued progress. Bill's significant commercial and financial experience, particularly in property matters, makes him well qualified to provide a significant contribution to the Group's further development. "

In accordance with the Listing Rules, there are no additional matters that would require disclosure under LR 9.6.13 R (1) to (6) in relation to Ms. Balmforth or Mr. Oliver's appointment.

For further information, please contact:

Safestore Holdings plc

Frederic Vecchioli, Chief Executive Officer

Andy Jones, Chief Financial Officer                                             Tel: [phone]

www.safestore.com

About Safestore

·	Safestore is the UK's largest self-storage group with 119 stores, comprising 95 wholly owned stores in the UK (including 56 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 24 wholly owned stores in the Paris region. In addition, Safestore currently has 12 Space Maker stores under management in the UK.
·	Safestore operates more self-storage sites inside the M25 and in central Paris than any competitor providing more proximity to customers in the wealthiest and densest UK and French markets.
·	Safestore was founded in the UK in 1998. It acquired the French business "Une Pièce en Plus" ("UPP") in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
·	Safestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015.
·	The Group provides storage to around 48,300 personal and business customers.
·	Safestore (excluding Space Maker) has a maximum lettable area ("MLA") of 4.925 million sq ft (excluding the expansion pipeline stores) of which 3.490 million sq ft was occupied at 30 April 2016.
·	Safestore employs around 525 people in the UK and France.

 

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