Tyman Share News (TYMN)

(Sharecast News) - Tyman said on Thursday that Jo Hallas has decided to step down as chief executive officer with immediate effect, by mutual agreement with the board.

Chief financial officer Jason Ashton will act as interim CEO and will continue to carry out Tyman's "strategic vision to deliver shareholder value" until a permanent CEO is appointed.

The AIM-listed building products manufacturer said the process of recruiting Hallas' successor will be led by the Nominations Committee. She will remain available to the group over the next 12 months, as required, to ensure an orderly handover.

Chair Nicky Hartery said: "Jo has done a tremendous job over the last four years. The board and I would like to thank Jo for her significant contributions including establishing and driving the group's strategy with sustainability at its core, leading our recovery in North America, and seeing the group through the pandemic and resulting global supply chain challenges.

"Having established these strong foundations, it has been mutually agreed that now is the right time to step down and allow her successor to lead the next stage of Tyman's development. We wish her well for the future."

Tyman also said that trading continues to be in line with the board's expectations.