Directorate Change

RNS Number : 4386K

Luceco PLC

28 August 2019

 

28 August 2019

Luceco plc

("the Group")

Appointment of Non-Executive Director

The Board of Luceco plc, the manufacturer and distributor of high quality and innovative wiring accessories, LED lighting and portable power products, is pleased to announce the appointment of Will Hoy as a Non-Executive Director with effect from 1 September 2019.

Will is Chief Financial Officer of GKN Aerospace, the UK-headquartered global aerospace technology leader. 

Will has held a number of senior finance roles in a career with GKN that has spanned over 20 years, including nine years as Head of Corporate Finance in which he oversaw GKN's M&A activities. 

Prior to joining GKN, Will qualified as a Chartered Accountant at KPMG and worked in its Corporate Finance department.

Will has been appointed as a member of the Group's Audit Committee.

Commenting on the appointment, Giles Brand, Non-Executive Chairman, said:

"The Directors are delighted to welcome Will to the Board.  He brings significant additional experience of working in a large, international engineering environment that will be of particular value to the Group as it delivers its growth strategy."

This announcement is made pursuant to Listing Rule 9.6.11R.  No disclosures are required pursuant to Listing Rule 9.6.13R in respect of Will Hoy's appointment.

- ENDS-

Further enquiries:

Luceco plc John Hornby, Chief Executive Officer Matt Webb, Chief Financial Officer	via MHP Communications 020 3128 8100
MHP Communications Tim Rowntree Guy Featherstone	020 3128 8100

Business summary

Luceco is a manufacturer and distributor of high quality and innovative wiring accessories, LED lighting and portable power products for a global customer base.

The Group supplies trade distributors, retailers, wholesalers and project developers with a wide range of products which broadly fall into the following market recognised brands:

·   British General ("BG"): wiring accessories (including switches, sockets), circuit protection and cable management products;

·   Luceco and Kingfisher Lighting: energy efficient LED lighting products and associated accessories;

·   Masterplug: cable reels, extension leads, surge protection, timers and adaptor products; and

·   Ross: television wall mounts, audio visual accessories and other items.

Luceco's long-established BG brand commands a loyal following amongst professional electrical contractors in both the UK and overseas.  It is synonymous with quality, safety, innovation and value for money.  The production of BG wiring accessories is the main focus of the Group's Chinese manufacturing facility, allowing it to control product quality, cost and availability.

The Luceco and Kingfisher LED lighting brands combine to present a comprehensive range of indoor and outdoor LED lighting solutions.  The range focuses largely on professionally installed products with an emphasis on performance and quality.  The Group is able to support these products by offering customers access to its in-house installation design team. 

Masterplug is the market leading brand in the UK Portable Power category.  It is sold largely to consumers through retail distribution and online.  Its products are offered in a wide range of global electrical standards and they are sold in every territory in which the Group operates. 

 

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