Appointment of Non-Executive Directors

RNS Number : 6904S

SIG PLC

10 July 2020

 

10 July 2020

SIG plc

("SIG" or the "Company")

Appointment of Non-Executive Directors

SIG announces the appointment of Bruno Deschamps and Christian Rochat as Non-Executive Directors with effect from 10 July 2020. Both Mr. Deschamps and Mr. Rochat have been appointed by CD&R Sunshine S.à r.l ("CD&R") in accordance with the terms of the relationship agreement dated 29 May 2020 between CD&R and the Company.

Mr. Deschamps has agreed to become a member of the Company's Remuneration Committee, and Mr. Rochat will become a member of the Company's Nominations Committee.

Mr. Deschamps is the chairman and CEO of Entrepreneurs LLP based in London. He is a member and prior chairman of the board of Diversey, a global leader of hygiene and sanitation products, services and solutions to the institutional and industrial markets. Previously he served as chairman of the advisory board of Klöckner Pentaplast Group, one of the world's largest suppliers of films for pharmaceuticals, medical devices, food, electronics and general packaging, and, from 2008 to 2011, as group managing partner of 3i plc (London). He served as a CD&R Operating Partner from 2002 to 2007 during which time he was chairman and CEO of Brakes Group and played a key role in CD&R's investments in Culligan, Rexel and VWR. Mr. Deschamps also served as president and chief operating officer of Ecolab, a Fortune 100 company with more than $14 billion in revenue. During his ten years in Germany, he served as CEO of Henkel Industrial Adhesives Worldwide and president and CEO of Teroson GmbH and Henkel Ecolab. Mr. Deschamps also served as chairman and CEO of his family-owned specialty chemical company, SAIM, in France. He is a member of the board of the Franco British Chamber of Commerce, a knight of the Legion d'honneur, France, and past president of the French Foreign Trade Advisors in the UK.

Mr. Rochat joined CD&R in 2004 and is a CD&R Partner based in London. Mr. Rochat led the CD&R investments in Belron, Exova Group Plc, Socotec, SPIE and Westbury Street Holdings ("WSH"). He also led the sale of Brakes Group and served as a director on the Brakes board. Prior to joining CD&R, he was a Managing Director at Morgan Stanley Capital Partners, and a Director at Schroder Ventures (now Permira). He also worked in the London and New York offices of Morgan Stanley's mergers and acquisitions department. He is a Director of Belron, Socotec and WSH. He holds a B.A. and Ph.D. in law from the Université de Lausanne, as well as an MBA from the Stanford Graduate School of Business.

Andrew Allner, Chairman, commented, "I am delighted to welcome Bruno and Christian to SIG. Their deep industrial knowledge, allied to their extensive experience in driving and overseeing improved company performance, will be of great benefit to the Group."

There are no further details to be disclosed in respect of Listing Rule 9.6.13.

LEI: 213800VDC1BKJEZ8PV53

Enquires

SIG plc
Andrew Allner, Chairman	[phone]
Steve Francis, Chief Executive Officer	[phone]
Ian Ashton, Chief Financial Officer	[phone]
FTI Consulting
Richard Mountain / Susanne Yule	+44 ( 0) 20 3727 1340

 

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