Volution Group PLS Regulatory News (FAN)

19 June 2023

Volution Group plc

Appointment of Jonathan Davis as an Independent Non-Executive Director

and Chairman of the Audit Committee

Volution Group plc (LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces that Jonathan Davis has been appointed as an independent Non-Executive Director of the Company with effect from 23 June 2023.

Jonathan will also become Chairman of the Audit Committee, and will join the Remuneration and Nomination Committees, on appointment. 

Jonathan Davis is currently Group Finance Director at Rotork plc (LSE: ROR), a FTSE 250 global provider of mission-critical intelligent flow control solutions operating across a diverse range of markets, including the oil & gas, water, power, chemicals, and process industries.

The appointment of Jonathan will coincide with a number of previously announced changes to the Board. 

Nigel Lingwood, the current Audit Committee Chairman and Chair Designate, will step into the role of Chairman of the Board on 23 June 2023, following the planned retirement of Paul Hollingworth.

Nigel will also be appointed as Chairman of the Nomination Committee on that date. He will remain as a member of the Remuneration Committee but will stand down as a member of the Audit Committee.

Amanda Mellor, Senior Independent Director, will step down as planned from her role as interim Chair of the Nomination Committee with effect from 23 June 2023, but will remain as a member of the Committee.

Paul Hollingworth will retire from the Board as previously notified, also with effect from 23 June 2023.

Nigel Lingwood, Chair Designate of Volution, commented:

"I am delighted to welcome Jonathan as an Independent Non-Executive Director and Audit Committee Chairman. With his strong financial and accounting expertise and extensive public company, M&A, and international experience, I am confident that Jonathan will make a strong contribution to the Board."

Ronnie George, Chief Executive Officer of Volution, commented:

"We look forward to working with Jonathan and benefiting from his significant expertise, especially in the area of accounting and finance. We believe he will bring valuable insights and experience to the role of Audit Committee Chair.

In respect of Paul's retirement as Chairman, I would like to personally express my thanks for his support, guidance, and counsel throughout his tenure and to congratulate him on his notable achievements. 

He has played a key role in the progress and development of Volution since our listing in 2014, and we are extremely grateful for his commitment, dedication, and input. 

Nigel will undoubtedly be an excellent successor to Paul, having already provided significant support and value as a Board member and, more specifically, as Audit Committee Chair. I am looking forward to continuing our working relationship as he steps up into his new role as Chairman of the Board on 23 June."

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Listing Rules.

-Ends-

For further information: 

Note to Editors:

● There is no additional information to be disclosed in respect of Jonathan Davis pursuant to Listing Rule 9.6.13 (2) to (6).

● At the date of this announcement, Jonathan Davis has no beneficial interests in ordinary shares of Volution.

● Directorships of Publicly Quoted Companies held in the last 5 years:

Rotork plc

● Volution Group plc (LSE: FAN) is a leading international designer and manufacturer of energy efficient indoor air quality solutions. 

● Volution Group comprises 20 key brands across three regions:

UK: Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Torin-Sifan.

Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI.

Australasia: Simx, Ventair, Manrose.

● Legal Entity Identifier: 213800EPT84EQCDHO768

For more information, please go to: www.volutiongroupplc.com