Last checked at 4 Sep 2017 07:00
4 September 2017
AIM: JSG
Johnson Service Group PLC
("JSG" or "the Group")
CEO Succession
JSG, a leading UK textile rental provider, announces that after 33 years with the Group, Chris Sander, Chief Executive Officer, has informed the Board of his intention to retire from the Group in the first half of 2018.
The Board has commenced a detailed process, both internally and externally, to identify a successor who will continue the Group's successful growth strategy. In order to ensure a smooth handover, Chris remains flexible over the date of his retirement in the first half of 2018 and will remain available to assist his successor in the initial handover period. A further announcement regarding succession will be made in due course.
Paul Moody, Chairman of JSG, commenting on the news, said:
"The Board makes this announcement with a degree of sadness. It has been a genuine privilege to work with Chris; under his leadership, JSG has made enormous progress.
"The Group has grown significantly in recent years, enlarging its presence geographically and building its position in chosen markets. Our strong platform of textile rental businesses is supported by a highly committed and talented management team; the Board continues to see significant opportunities for JSG in the future."
Chris Sander, Chief Executive Officer, said:
"This has been one of the most difficult decisions that I have had to make in my career as JSG has been part of my life for over 33 years. However, I will be retiring at a time when the Group is in excellent shape and very well-placed for continued growth. My successor will inherit a strong management team and devoted employees. Their talents and efforts have been the bedrock of JSG's success."
Enquiries:
Johnson Service Group PLC Chris Sander, CEO Yvonne Monaghan, CFO Tel: 020 3178 6378 (today) Tel: 01928 704600 (thereafter) |
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Investec Investment Banking (NOMAD) David Flin Matt Lewis Darren Vickers Tel: 020 7597 4000 | KTZ Communications (Financial PR) Katie Tzouliadis Irene Bermont-Penn Emma Pearson 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.
Through its Apparelmaster brand, JSG is the leading supplier of workwear and protective wear in the UK, clothing over 1.3 million people a week. Through its Stalbridge, London Linen, Bourne, Afonwen and PLS brands, the Group also provides premium linen services for the hotel, catering and hospitality markets, and high volume hotel linen services, processing approximately 8 million items a week.