Last checked at 17 Jun 2020 07:00
17 June 2020
Severfield plc
("Severfield" or the "Group")
Directorate Change
Appointment of Kevin Whiteman as Non-Executive Chairman
Severfield plc, the market leading structural steel group, announces the appointment of Kevin Whiteman as Non-Executive Chairman with effect from 3rd September 2020 after the retirement of the current Chairman, John Dodds.
As indicated in last year's AGM Notice, John is stepping down at this year's AGM after ten years on the Board including nine years as Chairman. During that period, he acted as Executive Chairman on an interim basis on two occasions, including for a period of ten months after the Group's rights issue in 2013.
Kevin has been on the Board since 2014 and is the current Senior Independent Director. He has a wide range of experience across different sectors including as Chief Executive Officer for eight years of Kelda Group plc and Yorkshire Water (and Chairman for five years after Kelda Group became a private company) and has, for the last seven years, been Chairman of N G Bailey Ltd, a market leading mechanical and electrical subcontractor.
Alan Dunsmore, Chief Executive Officer, said:
"Firstly, I would like to thank John for his invaluable contribution to the Group over the past decade. He was instrumental in securing the future of the Group through the rights issue in 2013 and the subsequent recovery and strengthening of the Group over the past seven years. Following the completion of a comprehensive selection and appointment process, I am delighted that Kevin has agreed to become Chairman and to lead the Board in its continued support of the execution of the Group's strategy".
Kevin Whiteman, Non-Executive Director and Chairman elect, said:
"I am delighted to be taking over as Chairman and look forward to leading the Board as the Group moves into the next phase of its development. Whilst the COVID-19 crisis is presenting some new and unique challenges, the Group remains in a strong position to navigate through it."
ENDS
For further information, please contact:
Severfield | Alan Dunsmore Chief Executive Officer
| 01845 577 896 |
| Adam Semple Group Finance Director
| 01845 577 896 |
Jefferies International | Simon Hardy | 020 7029 8000 |
| Will Soutar
| 020 7029 8000 |
Camarco | Ginny Pulbrook | 0203 757 4992 |
| Tom Huddart |
|
| Monique Perks |
|
Notes to editors:
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 five sites, c.1,400 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).