Directorate Changes

RNS Number : 7532J

Headlam Group PLC

14 September 2016

 

14 September 2016

Headlam Group plc

("Headlam" or "the group")

Directorate Changes

Headlam (LSE: HEAD), Europe's leading floorcoverings distributor, announces that, after more than 25 years with the business, Tony Brewer is stepping down as Group Chief Executive.  Tony, who was Group Chief Executive for 16 years, has been instrumental in building the group, and the board would like to place on record its thanks and appreciation for all that he has achieved. 

The board is delighted to announce the appointment of Steve Wilson, who has been Group Finance Director since 1991, to succeed Tony as Chief Executive Officer with immediate effect.  Steve brings to the role not only an in depth knowledge of the group's operations and financials but also a strong skillset for the future development of the business.

The board has begun a recruitment process to appoint a new Chief Financial Officer. Until this appointment is made, Steve will maintain oversight of the finance function.

The board is also pleased to announce that Tony Judge, who has worked at the group for more than 24 years, has been appointed to the operational role of Chief Operating Officer.  Tony has held a number of senior operational roles at the group, most recently as Commercial Director of the Coleshill and Tamworth businesses.  Tony has 35 years' experience in the floorcovering industry and brings an abundance of knowledge and expertise to the role.

Headlam stated in its interim results, announced on 24 August 2016, that: "Our market appears to be robust and, subject to the key trading period in the run-up to Christmas, the board remains confident of achieving full year expectations."  This position remains unchanged.

Dick Peters, Headlam's Chairman, said:

"On behalf of the board, I would like to express our sincere thanks to Tony Brewer for his enormous contribution to the building of Headlam into Europe's leading floorcovering distributor. We wish him well for the future."

For more information, please contact:

Headlam Group plc	Tel: [phone]
Dick Peters, Chairman
Stephen Wilson, Chief Executive Officer

Investec Bank plc (Joint Corporate Broker)	Tel: [phone]
Garry Levin / David Flin / Alex Wright
Arden Partners plc (Joint Corporate Broker)	Tel: [phone] Tel: [phone]
Jonathan Keeling / Steve Douglas / Catherine Miles

Buchanan	Tel: [phone]
Mark Court / Sophie Cowles / Catriona Flint

Notes to Editors

Headlam Group plc

Headlam markets, supplies and distributes an extensive range of floorcovering products. The group's activities and facilities are located throughout the UK, France, Switzerland and the Netherlands.

More information is available at http://www.headlam.com/ 

 

END

 

 

BOABCGDCDXBBGLX