Appointment of Chairman Designate and Non-Executive Director
15 March 2022
Howdens is announcing today that Peter Ventress will be appointed to the Board on
1 July 2022 as Chairman Designate and Non-Executive Director and he will assume
the role of Chairman from 17 September 2022. The Company announced on 18
February 2022 that
Richard Pennycook had indicated his intention to retire with effect from 17
September 2022 ahead of reaching his nine-year tenure as a Non-Executive
Director in line with good governance practice.
Peter is currently Chairman of Bunzl plc and Galliford Try plc. He was formerly a
Non-Executive Director of BBA Aviation plc, where he was Senior Independent
Director and Chairman of the Remuneration Committee. He was also formerly a
non-executive director
of Softcat plc, Premier Farnell plc and Staples Solutions NV. Peter was Chief
Executive Officer of Berendsen plc from 2010 to 2016 and prior to that he held
several senior executive roles including International President of Staples Inc
("Staples")
and Chief Executive Officer of Corporate Express NV, a Dutch quoted company
which was subsequently acquired by Staples.
As well as his role as Chairman Designate and Non-Executive Director, Peter will
be appointed to the Nominations and Sustainability Committees of the Board and
he will become Chairman of these committees on 17 September 2022 when he assumes
the role of
Chairman of the Board. Galliford Try announced earlier today that Peter will be
stepping down as Chairman and a Non-Executive Director with effect from 15
September 2022.
Geoff Drabble, Senior Independent Non-Executive Director, said: "We are delighted
to welcome Peter to the Board of Howdens. In searching for Richard's successor
we conducted an extensive recruitment process and Peter was the ideal candidate.
His record
of value creation is outstanding and he has a wealth of knowledge and experience
across a wide variety of businesses and industries. Peter's appointment will
enable a smooth transition ahead of Richard reaching his nine-year tenure as
Chairman."
Peter Ventress, Chairman Designate, said: "It is a huge privilege to be asked to serve as Chairman of Howdens. Since being founded in 1995, the business has been transformed into the leading trade supplier of kitchens in the UK by steadfastly focusing closely on the needs of its customers. The business operates in attractive and fragmented markets underpinned by its proven in-stock, trade only business model, and I look forward to playing my part in driving its continued success."
There is no further information which is required to be disclosed in accordance
with 9.6.13R of the Listing Rules.
For further information please contact |
|
Howden Joinery Group Plc |
Media Enquiries |
Mark Fearon, Director of IR and Communications Mobile: +44 (0)7711 875070 |
Nina Coad, David Litterick (Brunswick) Tel: +44 (0) 207 404 5959 |
Forbes McNaughton, Company Secretary Tel: +44 (0)207 535 1137 |
Note to editors:
1. About Howden Joinery Group Plc
Howden Joinery Group Plc is the parent company of Howden Joinery (Howdens). In the UK, Howdens sells kitchens and joinery products to trade customers, primarily small local builders, through 778 depots. In 2021, the business generated revenues of around £2.1 billion and profit before tax of £390.3 million. Around one-third of the products it sells are manufactured in house at its factories in Runcorn, Cheshire, and Howden, East Yorkshire both of which recently achieved carbon neutral status. The business also operates a total of 40 depots in France and Belgium. From 21 March 2022 Howdens will become a member of the FTSE 100.
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