Last checked at 27 Nov 2023 07:00
TYMAN PLC
Appointment of new CEO
Tyman plc ("Tyman" or the "Group"), a leading international supplier of engineered fenestration components and access solutions to the construction industry, announces the appointment of Rutger Helbing as Chief Executive Officer ("CEO") effective from 2 January 2024. Rutger's appointment follows a rigorous and extensive process that included both internal and external candidates in conjunction with a leading executive search firm.
Rutger Helbing was the Chief Executive of Devro plc ("Devro") between January 2018 and April 2023, having originally joined as Group Finance Director in 2016. He spent his earlier career in commercial divisional finance roles in blue chip global manufacturing businesses including at Unilever, ICI and AkzoNobel. As a Dutch national, Rutger has lived and worked in the UK for almost 20 years.
Effective from 2 January 2024, Jason Ashton, who has been the Interim CEO since 6 April 2023, will return to his role as Tyman's Chief Financial Officer ("CFO") and Juliette Lowes, who has been the Interim CFO since 21 April 2023, will return to her role as Tyman's Group Financial Controller.
Nicky Hartery commented: "I am very pleased to be able to announce the appointment of Rutger, whose broad international manufacturing expertise, strategic and commercial acumen, and success in growing Devro and delivering significant value for its shareholders will be of great benefit to Tyman at this stage in the Group's journey. Importantly he is joining the Group in January, ensuring a swift induction into the business.
On behalf of the Board, I would like to thank Jason and Juliette for their significant contribution leading the business over the past seven months, during which time the Group made good progress, acquiring Lawrence Industries and delivering a solid trading performance and strong cash conversion whilst navigating challenging market conditions."
Rutger Helbing commented: "I am delighted to be joining Tyman at such a significant time in its development. The Group is a business of significant scale and great potential, with market-leading brands, differentiated products and passionate and dedicated employees that serve highly attractive end markets. I am really looking forward to delivering sustainable business growth, working with the Board and my future Tyman colleagues to create further value for our shareholders."
Further information
In relation to Listing Rule 9.6.13R(1), Rutger has no current directorships of publicly quoted companies but was a director of Devro plc between 2016 and 2023.
In relation to Listing Rule 9.6.13R(2)-(6), there are no details to disclose in relation to Rutger.
27 November 2023
Enquiries
Tyman plc (investor.relations@tymanplc.com, 0207 9768000)
Nicky Hartery - Chair of the Board
Matt Jones - Head of Investor Relations
MHP (tyman@mhpgroup.com, 07801 894577)
Reg Hoare / Rachel Farrington / Matthew Taylor
Notes to editors
Tyman (TYMN: LSE) is a leading international supplier of engineered fenestration components and access solutions to the construction industry. The company designs and manufactures products that enhance the comfort, sustainability, security, safety and aesthetics of residential homes and commercial buildings. Tyman's portfolio of leading brands serves its markets through three divisions: Tyman North America, Tyman UK and Ireland and Tyman International. Headquartered in London, the Group employs approximately 3,400 people with facilities in 16 countries worldwide. Further information is available at www.tymanplc.com.