Tyman PLC Appointment of new CEO (6696U)
27 Novembre 2023 - 8:00AM
UK Regulatory
TIDMTYMN
RNS Number : 6696U
Tyman PLC
27 November 2023
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
.
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END
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