26 Mar 2015 07:00
26 March 2015
Polypipe Group plc ("the Company")
Appointment of New Chairman
As set out in the Prospectus dated 11 April 2014, Alan Thomson intends to stand down after the Company's first Annual General Meeting ("AGM") on 27 May 2015. The Board has completed a process to appoint Mr Thomson's successor and announces that Ron Marsh, the Senior Independent Director, will be appointed Chairman, with effect from the conclusion of the Company's AGM.
Ron Marsh was appointed to the Board of Polypipe Group plc on 28 March 2014. Mr Marsh is also a non-executive director of British Polythene Industries plc and was, from 1989 until 2013, Chief Executive of RPC Group. Mr Marsh is also Chairman of the UK based Packaging Federation.
David Hall, CEO said:
"I am very pleased that Ron has agreed to step up to the Chairman role, he brings a wealth of industrial experience to the Board. As Senior Independent Director he is very familiar with our business and I look forward to working with him as Polypipe develops as a public company. I would like to thank Alan for his invaluable guidance as Chairman over the last seven years."
Ron Marsh said:
"I am delighted to be taking over as Chairman of Polypipe. It is a great business and is well placed to take advantage of the opportunities for growth available to it. I am indebted to Alan for guiding the company successfully through its IPO last year and positioning the company for success."
Enquiries:
Polypipe Group plc +44 (0) 1709 770 000
Peter Shepherd, Chief Financial Officer
Brunswick +44 (0) 2074 045 959
Mike Smith
Simon Maine