Last checked at 5 Dec 2017 07:00
5 December 2017
AIM: JSG
Johnson Service Group PLC
("JSG" or "the Group")
CEO Succession
Further to the Group's announcement on 4 September 2017, JSG is delighted to announce the appointment of Peter Egan, currently Managing Director of our Apparelmaster workwear business, to the Board of Directors as Chief Operating Officer ("COO") ahead of assuming the role of CEO.
Peter's transition to COO will take effect from 1 April 2018, allowing time for him to handover his current responsibilities. Chris Sander remains flexible over the date of his retirement and, in that light, has agreed to remain with the Group until the end of 2018 to ensure a smooth and effective transition to Peter within that period.
Peter, aged 45 years, is a key member of the Group's senior management team and has over 25 years of experience in the textile rental sector. He joined JSG in 1998 and has been Managing Director of the Group's workwear rental operations, Johnsons Apparelmaster ("Apparelmaster"), the UK's market leader in this sector, since 2014. Peter has been instrumental in developing Apparelmaster's strategy and driving its growth, while also actively contributing to the development and execution of the Group's strategic plan.
Paul Moody, Chairman of JSG, said:
"Following Chris' decision to retire, the Board is delighted to announce Peter Egan as his successor. We anticipate a smooth, well-managed and effective transition process between Chris and Peter during the coming year.
"Peter is an enormously talented leader and this appointment recognises his significant contribution to the development of the Group to date. The Board is confident in his ability to lead JSG through its next stage of growth as we focus on continuing to build long-term shareholder value."
Chris Sander, Chief Executive Officer of JSG, said:
"It has been a great privilege to hold the role of CEO of Johnson Service Group and I am pleased to be handing on the baton to my colleague, Peter Egan, next year. Having worked with Peter for almost 20 years, I am certain that the Group will continue to go from strength to strength under his leadership and with the wholehearted support of the JSG Board, Executive team and colleagues."
ADDITIONAL INFORMATION
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Peter John Egan, aged 45 years, holds 24,716 shares in the Group and is currently a director of:
§ Johnsons Apparelmaster Limited (00464645); and
§ Textile Services Association Limited (00169160).
Save as set out in this announcement there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Enquiries:
Johnson Service Group PLC | |
Chris Sander, CEO | |
Yvonne Monaghan, CFO | |
Tel: 01928 704600 | |
Investec Investment Banking (NOMAD) | KTZ Communications (Financial PR) |
David Flin | Katie Tzouliadis |
Darren Vickers | Irene Bermont-Penn |
Emma Pearson | |
Tel: 020 7597 4000 | Tel: 020 3178 6378 |
About Johnson Service Group PLC
www.jsg.com
Headquartered in Preston Brook, Cheshire, JSG provides textile rental and related services across the UK. The Group is the leading supplier of workwear and protective wear in the UK, clothing over 1.3 million people a week. It also provides premium linen services for the hotel, catering and hospitality markets, and high volume hotel linen services, processing approximately 8.5 million items a week. With its core values of quality, reliability and service, the Group aims to provide customers with an outstanding level of customer care.