Last checked at 17 Apr 2024 07:00
17 April 2024
Severfield plc
('the Company' or 'the Group')
Appointment of Charlie Cornish as non-executive Chair
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.
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.
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."
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."
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."
There is no other information relating to Charlie Cornish that is required to be disclosed under Listing Rule 9.6.13.
For further information, please contact:
Severfield Alan Dunsmore 01845 577 896
Chief Executive Officer
Adam Semple 01845 577 896
Chief Financial Officer
Jefferies International Will Soutar 020 7029 8000
Shaam Vora 020 7029 8000
Liberum Capital Nicholas How 020 3100 2000
Satbir Kler 020 3100 2000
Camarco severfield@camarco.co.uk
Ginny Pulbrook +44 7961 315 138
Tom Huddart +44 7967 521 573
Notes to Editors
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).