14 Dec 2022 14:00
14 December 2022
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Safestyle UK plc
("Safestyle" "Company" or the "Group")
CEO Appointment
Safestyle UK plc (AIM: SFE), the leading UK focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, announces that its Chief Executive Officer (CEO), Mike Gallacher, has stepped down from the Board today and will leave the business at the end of the year for personal reasons.
Rob Neale, who has been Safestyle's Chief Financial Officer (CFO) for almost 5 years, has been appointed as CEO with immediate effect. Rob has made an invaluable contribution to the Group since his appointment and the Board has complete confidence in his ability to lead Safestyle through the next phase of its corporate growth, while providing him with their full support. The Company has commenced the independent search process for a new CFO and the Board will provide an update in due course. During his time as CFO, Rob has built and managed a robust finance team at Safestyle and will be ably supported during the transition process.
Alan Lovell, Non-Executive Chairman of Safestyle, commented:
"Since his appointment as CEO in Spring 2018, Mike has given exceptional service to Safestyle through some extremely turbulent and challenging times. I would like to thank Mike for his commitment to our people and our business and we wish him and his family well for the future.
As a result of our succession planning programme, I am delighted to congratulate Rob as he embarks on his new role. The Board is confident in Rob's leadership ability and is looking to the future positively as the business continues to deliver against its strategic objectives."
Enquiries:
Safestyle UK plc Alan Lovell, Non-Executive Chairman Rob Neale, Chief Executive Officer
| via FTI Consulting |
Zeus (Nominated Adviser & Joint Broker) Dan Bate / James Edis (Investment Banking) Dominic King (Corporate Broking)
| Tel: 0203 829 5000 |
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards
| Tel: 0203 100 2100 |
FTI Consulting (Financial PR) Alex Beagley / Sam Macpherson / Amy Goldup
| Tel: 0203 727 1000 |
About Safestyle UK plc
The Group is the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market. For more information please visit www.safestyleukplc.co.uk or www.safestyle-windows.co.uk.