5 Mar 2019 07:00
5 March 2019
Safestyle UK plc
("Safestyle" or the "Group")
Directorate Change
The Board of Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces that it has received the resignation of Giles Richell, Chief Operating Officer, from both his executive role and Board Directorship.
Following a hugely challenging 2018, the Group is fully engaged in delivering the three phase turnaround plan. Part of this plan requires the Group to simplify its organisational structure and recover its overhead position.
Giles will resign from the Board with immediate effect and will remain in the business to focus on handing over his executive responsibilities in due course. Giles' role will not be replaced and his reporting lines will revert to the senior leadership team.
Mike Gallacher, CEO of Safestyle UK plc, said:
"Giles joined the Group in February 2017 and led the transformation of our manufacturing site at Wombwell, significantly enhanced our HR function and led our Digital Transformation programme. I would like to thank Giles for his significant contribution to the business over the last two years and the Board wishes him all the best with his future endeavours."
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. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Enquires:
Safestyle UK plc Mike Gallacher, Chief Executive Officer Rob Neale, Chief Financial Officer | via FTI Consulting |
Zeus Capital (Nominated Adviser & Joint Broker) Nick How / Dominic King
| Tel: 0203 829 5000 |
Liberum Capital Limited (Joint Broker) Neil Patel / Jamie Richards
| Tel: 0203 100 2100 |
FTI Consulting (Financial PR) Alex Beagley / James Styles / Laura Saraby
| Tel: 0203 727 1000 |