Volution Group PLS Regulatory News (FAN)

5 March 2025

Volution Group plc

Appointment of Two New Independent Non-Executive Directors

Volution Group plc (LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, is pleased to announce the appointment of Celia Baxter and Emmanuelle Dubu as independent Non-Executive Directors of the Volution Board with effect from 5 March 2025.

Appointment of Celia Baxter - Remuneration Committee Chair Designate and Non-Executive Director

Celia Baxter has been appointed as Remuneration Committee Chair Designate, in anticipation of the planned retirement of Claire Tiney, the current Committee Chair, who will reach her nine-year tenure on the Board in the summer of 2025. Celia has also been appointed as a member of the Nomination and Audit Committees.

Celia brings with her extensive experience at both executive and board level in a number of FTSE250 and FTSE100 companies. She began her executive career in the field of human resources at Ford Motor Company, moving on to KPMG, Tate & Lyle plc, Enterprise Oil and Hays plc.  In her most recent executive role at Bunzl plc, from which she retired in 2016, Celia was Group Human Resources Director from 2003, and a member of the Executive Committee responsible for HR and sustainability.

Celia is currently Non-Executive Director, Senior Independent Director and Chair of the Remuneration Committee at discoverIE Group plc and Dowlais Group plc. Previously, she was Non-Executive Director and Chair of the Remuneration Committee at DS Smith plc and RHI Magnesita NV, Senior Independent Director and Remuneration Committee Chair of Senior plc, and Independent Director at Bekaert SA.

Appointment of Emmanuelle Dubu - Non-Executive Director

Emmanuelle Dubu has also been appointed as a member of the Nomination, Remuneration and Audit Committees.

Emmanuelle retired from her executive career in 2024, during which she gained over 30 years of experience in international engineering and manufacturing businesses. She was Executive Vice President and CEO of Sercel from 2020 until 2024, an international business specialising in developing cutting-edge, high-quality sensors and digital solutions for oil exploration, structural health monitoring and energy transition applications, with over 1,400 employees and several manufacturing sites across Europe, the US and Asia. Sercel is a subsidiary of Viridien, a Euronext-listed technology company based in France.

Prior to this, she was the President of US and Canada at Dura-Line, a subsidiary of Orbia, a manufacturer of polyethylene conduits for the datacom and the natural gas distribution markets. She also held different senior business leadership positions at Tyco, Pentair and Saint-Gobain.

Nigel Lingwood, Chair of Volution, commented:

"I am delighted to welcome both Celia and Emmanuelle to the Board as Independent Non-Executive Directors.

Celia's significant experience in the area of executive remuneration and her broader understanding of industrial businesses that have grown by acquisition will provide a strong contribution to Board discussions and support the Board's development of our people and remuneration strategy across the global business. 

Emmanuelle's strong international background and extensive experience in the manufacturing industry will bring a rich and valuable input to Board discussions as we continue to develop our growth strategy across a geographically diverse range of markets."

-Ends-

 Note:

There is no additional information to be disclosed in respect of Celia Baxter or Emmanuelle Dubu pursuant to UK Listing Rule 6.4.8R. At the date of this announcement, neither Celia Baxter nor Emmanuelle Dubu have any beneficial interests in ordinary shares of Volution.

Legal Entity Identifier: 213800EPT84EQCDHO768