17 Apr 2024 07:00
17 April 2024
Severfield plc
('the Company' or 'the Group')
Appointment of Charlie Cornish as non-executive Chair
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Severfield plc, the market leading structural steel group, is pleased to announce the appointment of Charlie Cornish as non-executive Chair and director of the Company. Charlie will join the Company's Board on 1 May 2024 and will take over as Chair after the AGM on 30 July 2024 when Kevin Whiteman steps down from the Board, having completed his nine-year tenure.
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Charlie is currently non-executive Chair of Manchester Airports Group ('MAG'), Core Highways Group and Ipsum Group. He was previously CEO of MAG for 13 years. He was also a main board member of United Utilities Group plc for 7 years and managing director of their commercial business (called utility solutions). He has substantial experience of developing strategy and leading large complex businesses across a number of relevant sectors.
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Alun Griffiths, Senior Independent Director, said:
"We are delighted to welcome Charlie to the board of Severfield. His appointment follows a thorough selection process led by the Group's Nomination Committee. Charlie has an outstanding record of value creation, and he brings a wealth of experience to Severfield."
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Charlie Cornish, Chair Designate, said:
"It is a good time to be joining Severfield. The Company is operating in markets with excellent long-term growth opportunities and has significant opportunities to continue to grow and develop. I am looking forward to working with the Board and the management team to maximise Severfield's potential and continue to deliver value to all stakeholders."
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Alan Dunsmore, Chief Executive Officer said:
"On behalf of the Board, and personally, I would like to thank Kevin for the enormous contribution he has made to Severfield. He has been an excellent Chair, and he has played a crucial role in the successful development of the Group. I also want to welcome Charlie to the Group, I look forward to working with him."
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There is no other information relating to Charlie Cornish that is required to be disclosed under Listing Rule 9.6.13.
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For further information, please contact:
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Severfield Alan Dunsmore 01845 577 896
Chief Executive Officer
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Adam Semple 01845 577 896
Chief Financial Officer
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Jefferies International Will Soutar 020 7029 8000
Shaam Vora 020 7029 8000
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Liberum Capital Nicholas How 020 3100 2000
Satbir Kler 020 3100 2000
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Camarco severfield@camarco.co.uk
Ginny Pulbrook +44 7961 315 138
Tom Huddart +44 7967 521 573
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Notes to Editors
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About Severfield
Severfield is the UK's market leader in the design, fabrication and construction of structural steel, with a total capacity of c.150,000 tonnes of steel per annum. The Group has seven sites, c.1,800 employees and expertise in large, complex projects across a broad range of sectors. The Group also has an established presence in the expanding Indian market through its joint venture partnership with JSW Steel (India's largest steel producer).