Stelrad Grp Regulatory News (SRAD)

Stelrad Group plc

Directorate Change

Stelrad Group plc ("Stelrad" or "the Group" or "the Company", LSE: SRAD) announces today the appointment of Leigh Wilcox as Chief Financial Officer and as a member of the Board with immediate effect. Leigh has been performing the role of Interim Chief Financial Officer since 1 July 2024.

As outlined at the time of his appointment as interim Chief Financial Officer, Leigh has been with Stelrad since 2012 and brings to the role a deep commercial understanding of the Group alongside extensive financial experience.

Bob Ellis, Chair of Stelrad, said:

"I am pleased to welcome Leigh to the Board and confirm his appointment as Chief Financial Officer on a permanent basis. Leigh is a highly experienced professional whose proven track record will enable him to continue to make a material contribution to the success of the Group."

Trevor Harvey, Chief Executive Officer, said:

"Leigh is a strong financial leader with significant knowledge and experience of our business and sector and I look forward to continuing to work with him as we deliver our strategy."

Leigh Wilcox, Chief Financial Officer, said:

"I am excited to step into this role permanently and to continue building on our foundation of financial excellence that supports the business's plans to deliver sustainable growth."

There is no other information to be disclosed under Listing Rule 6.4.8 in respect of Leigh Wilcox.

-ENDS-

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Notes to Editors

Stelrad Group plc is a leading specialist radiator manufacturer, selling an extensive range of hydronic, hybrid, dual fuel and electrical heat emitters to more than 500 customers in over 40 countries. These include standard, premium and low surface temperature (LST) steel panel radiators, towel warmers, decorative steel tubular, steel multicolumn and aluminium radiators.

The Group has five core brands: Stelrad, Henrad, Termo Teknik, DL Radiators and Hudevad. In the countries reported by BRG Building Solutions in 2023 to date, Stelrad moved into a market leadership position, with 18.5% share by volume of the combined UK, European and Turkish steel panel radiator market. The Group is now market leader in six countries - the UK, Ireland, France, the Netherlands, Belgium and Denmark, with a top 3 position in a further five territories. 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2023 employed 1,400+ people, with manufacturing and distribution facilities in Çorlu (Turkey), Mexborough (UK), Moimacco (Italy) and Nuth (Netherlands), with further commercial and distribution operations in Kolding (Denmark) and Krakow (Poland).

The Group's origins date back to the 1930s and Stelrad enjoys long established commercial relationships with many of its customers, having served each of its top five current customers for over twenty years.

Further information can be found at: https://stelradplc.com/.