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18 Feb 2026 14:00
18 February 2026
Stelrad Group PLC
Director Retirement
In accordance with UKLR 6.4.6(2), Stelrad Group plc ("Stelrad" or "the Group" or "the Company", LSE: SRAD) announces today that Martin Payne, Non-Executive Director, Chair of the Audit & Risk Committee and member of the Nomination and Remuneration Committees, has notified the Board that he will not be standing for re-election and will retire from the Board and its Committees at the conclusion of the Company's next Annual General Meeting due to be held on 20 May 2026.
A replacement Non-Executive Director and Chair of the Audit and Risk Committee will be appointed in due course.
Bob Ellis, Board Chair of Stelrad said:
"On behalf of the Board, I would like to thank Martin for the valued contribution that he has made to the Company over the past four and a half years, and we wish him well for the future."
- ENDS -
For further information:
Stelrad Group plc Trevor Harvey, Chief Executive Officer Leigh Wilcox, Chief Financial Officer
| +44 (0) 191 261 3301 |
Sodali & Co James White / Pete Lambie | stelrad@sodali.com +44 (0)7855 432699 |
Notes to Editors
Stelrad Group plc is Europe's 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. The Group is market leader by volume in the combined UK, European and Turkish steel panel radiator market, with market share of 19.3%. Excluding the Russian market, Stelrad's share was 24.2% in 2024. The Group is market leader in six countries - the UK, Ireland, France, the Netherlands, Belgium and Denmark, with a top 3 position in a further 12 territories in 2024.
Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2024 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/.
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