Last checked at 13 Jan 2011 07:00
Notification of Board Change
Thursday 13 January 2011
SIG plc ("SIG"), a leading European supplier of insulation, interiors, exteriors and specialist construction products, issues the following notification of Board change.
Les Tench, who became Non-Executive Chairman in May 2004, has notified the Board that, as previously planned, he intends to retire from the Company on 31 January 2011.
He will be succeeded as Non-Executive Chairman on that date by Leslie Van de Walle, who joined the Board on 1 October 2010. Mr. Van de Walle is also a Non-Executive Director of Aviva plc and DCC plc, a leading UK and Irish distribution group. He was formerly the Chief Executive of United Biscuits plc and Rexam plc.
Commenting on the announcement Mr. Tench said:
"SIG is in good shape with a strong balance sheet and excellent long term prospects. A full new complement of NEDs has been recruited to the Board over the last 18 months, and the next generation of senior managers brought through the business. I believe Leslie Van de Walle's international background and 10 years' experience in B2B, industrial and distribution businesses will help the Group move forward strongly."
Enquiries
Chris Davies, Chief Executive Gareth Davies, Finance Director
| SIG plc | 0114 285 6300 | |
Richard Mountain / Nick Hasell | Financial Dynamics | 0207 269 7291
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