REG - NWF Group PLC - Board Changes

NWFAnnouncement

18/07/2024 08:00

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RNS Number : 9114W  NWF Group PLC  18 July 2024

For release 18 July 2024

NWF Group plc

 

NWF Group plc: Board Changes

 

NWF Group plc ('NWF' or the 'Group'), the specialist distributor, announces
the following changes to its Board.

 

Appointment of Chair elect

Amanda Burton has been appointed to the Board as an Independent Non-Executive
Director effective 18 July 2024, and as Chair with effect from the conclusion
of the Group's annual general meeting to be held on 26 September 2024
("AGM").  Amanda will succeed Philip Acton, who as previously announced, will
retire from the Board at the conclusion of the AGM. Amanda will also assume
the responsibility of Chair of the Nomination Committee.

Amanda brings considerable experience to the Board gained from senior
positions across the public, private and charity sectors spanning multiple
industries. Amanda holds non-executive directorships at HSS Hire Group PLC,
Elevate Services Inc, Post Office Limited and is chair of Green Light Trust.

Amanda qualified as a lawyer with Slaughter and May before working in a
variety of legal and operational roles spanning nearly 30 years, including the
position of global Chief Operating Officer of Clifford Chance LLP and Group
Legal adviser to Meyer International, overseeing its takeover by Saint Gobain
in 2000.

 

Appointment of non-executive director

The Group is also pleased to announce that Tim Cooper has been appointed to
the Board as an Independent Non-Executive Director effective 18 July 2024 and
as Chair of its Remuneration Committee with effect from the conclusion of the
AGM. Richard Armitage, who had been acting Chair of the Remuneration
Committee, will stand down from that role but will continue as the Senior
Independent Director and Chair of the Audit Committee.

In his executive career, Tim held a variety of management positions over a
period of nearly 20 years, most recently as an executive director and a member
of the executive leadership team at Victrex plc.  Tim is currently a
non-executive director of Pressure Technologies plc and Renold plc.

 

Commenting on the Board changes, Richard Armitage, Senior Independent
Director, said: "Following an extensive recruitment process, I am delighted
that Amanda has agreed to join the Board as Chair of NWF. Her significant
executive and non-executive experience will be invaluable in the next stage of
the Group's development.

"I'm equally delighted that Tim will join the Board, who has a wealth of
experience in executive management positions across industrial and services
business.  We will benefit from his complementary skillset, and I look
forward to working with him.

"I would also like to thank Philip for the tremendous support he has given the
business during his long tenure as Chair.  During this period, he has steered
the business through substantial change, provided valuable guidance to the
Executive Directors and been a strong advocate of our ambitious growth plans.
We wish him well for his retirement."

 

Commenting on her appointment, Amanda Burton said: "It's a great pleasure to
join NWF as the Group continues to grow and implement its strategy.  I look
forward to working with the Board as we focus on driving returns for
shareholders."

 

Commenting on his appointment, Tim said: "I am extremely pleased to be joining
NWF Group plc as a Non-Executive Director and Chair of its Remuneration
Committee. With a new senior leadership team now in place, I look forward to
working with the Board and supporting the future growth of the business."

 

 

Save for the disclosures below, there is no other information that is required
to be disclosed under Schedule 2 paragraph (g) of the AIM Rules in relation to
the appointment of Amanda Jane Burton as Independent Non-Executive Chair and
Timothy John Cooper as Non-Executive Director.

 

 

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for
Companies

 

Amanda Jane Burton, aged 65, holds or has held the following appointments in
the last five years:

 

 Current Directorships                           Previous Directorships
 Dalmarnock Timber and Plywood Company Limited*  Battersea Dogs and Cats Home

 Elevate Services Inc                            Belmead Kennels Limited

 Green Light Trust                               Connells Limited

 HSS Hire Group plc                              Countryside Partnerships plc

 John Wright & Son (Redditch) Limited*           Seckford Education Trust

 Post Office Limited                             Skipton Building Society

 Robinson, David  & Co. Limited*

 William Brown (East Anglia) Limited*

 

Dalmarnock Timber and Plywood Company Limited, John Wright & Son
(Redditch) Limited, Robinson, David  & Co. Limited and William Brown
(East Anglia) Limited are all companies which Amanda Burton had been a
director, resigned as part of a corporate action, and consequently each
company was dissolved before 2000.  Each of these companies have subsequently
been restored to the Companies House Register by Court Orders for technical
reasons.

 

Timothy John Cooper, aged 65, hold or has held the following appointments in
the last five years:

 

 Current Directorships       Previous Directorships
 Avery Berkel Limited        Victrex plc

 Pressure Technologies plc

 Renold plc

 

There is no other information that is required to be disclosed pursuant to
Schedule Two paragraph (g) of the AIM Rules in respect of Amanda Burton or Tim
Cooper.

 

 

 Information for investors, including analyst consensus forecasts, can be
found on the Group's website at www.nwf.co.uk
(https://protect.checkpoint.com/v2/___http:/www.nwf.co.uk/___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzphNTgwZTU1ZDM0YmUyMzgwYjFhYWFiMDFmOWQ4ZmZmOTo2OjBlNWY6OTYyMDUwMTVhMmE2YjZiNzc0MmM5MTUxNWZlNmFjZWNlNWVmNzg2ODA2YjdjMGIxMDExZDMyYmVjOGU0MTc3ODpwOkY6Tg)

 

 Chris Belsham, Chief Executive        Reg Hoare / Catherine Chapman  Mike Bell / Ed Allsopp
 Tom Harland, Group Company Secretary

 NWF Group plc                         MHP Communications             Peel Hunt LLP
                                                                      (Nominated Adviser and Broker)
 Tel: 01829 260 260                    Tel: 020 3128 8339             Tel: 020 7418 8900

 

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