TIDMBOOT
RNS Number : 7839C
Boot(Henry) PLC
25 February 2022
25 February 2022
HENRY BOOT PLC
('Henry Boot', the 'Company' or 'the Group')
Board changes
Henry Boot announces that after over 40 years of service, Jamie
Boot, Chairman, will be retiring from his role and from the Board
on 26 May 2022, following the Company's AGM. Everyone at the Group
would like to thank Jamie for his significant contribution to the
Company and wish him well in his deserved retirement.
After undertaking a considered selection process to determine
succession, the Group is delighted to announce that current
Non-executive Director, Peter Mawson, will be appointed as Chair.
Peter has been a member of the Board since 2015 and will continue
to drive Henry Boot's commitment to achieving high governance
standards and following best practice, whilst ensuring that
stakeholder engagement remains a key priority. Peter's previous
roles include Group CEO of Donaldson LLP and CEO & Accounting
Officer of the West Northamptonshire Development Corporation.
Peter will also be retaining his role as the Chair of the
Nomination and Responsible Business Committees, the latter being in
the short term prior to the appointment of a new independent
Non-executive Director later in 2022. The Nomination Committee,
supported by an external recruitment partner, has already started
the process to recruit.
As a consequence of Peter's changing role, the Senior
Independent Director position will be assumed by Joanne Lake. The
Board has taken the decision to retire the role of Deputy Chair,
which was previously held by Joanne, as it is not considered to be
usual for a company of this nature.
Following Jamie's retirement, there will be a temporary
imbalance in the number of independent and non-independent
Directors on the Board, however the aim will be to appoint an
additional independent Non-executive Director later in 2022.
Further independent Non-executive Directors will be appointed
during the following years, replacing those approaching their
9-year tenure, to ensure that Board membership is progressively
refreshed.
Tim Roberts, Chief Executive Officer commented:
'The Board, and the entire team at Henry Boot want to thank
Jamie for his outstanding contribution over, by any standards, a
remarkable period of time. On a personal note, it has been a real
pleasure working with Jamie and I am thankful of his leadership and
support. At the same time, we are all pleased that Peter has taken
the role of Chair and we look forward to the next exciting phase of
the Henry Boot journey under his chairmanship.'
Jamie Boot, incumbent Chairman commented:
'It's been a privilege to chair Henry Boot, and with the Group
in such a strong position, I feel that it is the appropriate time
for me to hand over the reins. I am absolutely confident that Peter
will carry on with this good work and I look forward to remaining a
committed long-term shareholder.'
Peter Mawson, Chair designate commented:
'I am absolutely delighted to be following Jamie in the role of
Chair. Jamie will be a very difficult act to follow but I am
determined to maintain his legacy of building a very powerful,
successful and responsible business. Jamie is stepping down leaving
the Group in an exceptional position, going from strength to
strength in all of its key markets.'
Enquiries:
Henry Boot PLC
Tim Roberts, Chief Executive Officer
Darren Littlewood, Group Finance Director
Daniel Boot, Group Communications Manager
Tel: 0114 255 5444
www.henryboot.co.uk
Numis Securities Limited
Joint Corporate Broker
Garry Levin/Ben Stoop
Tel: 020 7260 1000
Peel Hunt LLP
Joint Corporate Broker
Charles Batten/Harry Nicholas
Tel: 020 7418 8900
FTI Consulting
Financial PR
Giles Barrie/ Richard Sutherland
020 3727 1000
About Henry Boot PLC
Henry Boot PLC (BOOT.L) was established over 135 years ago and
is one of the UK's leading and long-standing property investment
and development, land promotion and construction companies. Based
in Sheffield, the Group is comprised of the following three
segments:
Land Promotion:
Hallam Land Management Limited
Property Investment and Development:
Henry Boot Developments Limited (HBD) , Stonebridge Homes
Limited
Construction:
Henry Boot Construction Limited , Banner Plant Limited , Road
Link (A69) Limited
The Group possesses a high-quality strategic land portfolio, a
proven reputation in the property development market for creating
places with purpose, backed by a substantial investment property
portfolio and an expanding, jointly owned, housebuilding business.
It has a construction specialism in both the public and private
sectors, a plant hire business, and generates strong cash flows
from its PFI contract, Road Link (A69) Limited.
www.henryboot.co.uk
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END
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