IMMEDIATE RELEASE
4 October 2024
THE ALUMASC GROUP
PLC
("ALUMASC" or the "GROUP")
STRATEGIC HIRE IN WATER
MANAGEMENT DIVISION
Alumasc (ALU.L), the premium
sustainable building products, systems and solutions group
is pleased to announce a strategic hire to improve
the depth and strength of its operational management team. David
Adams will join as Managing Director of Alumasc's Water Management
division and a member of its divisional operating board on 16
December 2024.
David brings significant senior
leadership experience and a track record of successfully growing
sales, including exports, and improving operational efficiency and
customer service, most recently as Chief Executive Officer of Mabey
Hire Ltd. David's previous experience includes Divisional Managing
Director roles at RMD Kwikform and Knauf Insulation.
Water Management is Alumasc's largest
division, comprising 48% of Group revenue, and has achieved 12%
compound annual growth in underlying operating profits over the
last five years.
Paul Hooper, Alumasc's Chief
Executive, has been acting Managing Director of Water Management
since 2019, and will hand over his interim divisional
responsibilities to David.
Paul Hooper, Chief Executive said
"I'm delighted to welcome David to Alumasc. Alumasc's Water
Management division has grown significantly over the past five
years and this addition to our team will support continuing strong
momentum for that business. David has proven experience in
delivering growth throughout his career and will, I'm sure, make a
very positive contribution."
Certain information contained in
this announcement would have constituted inside information (as
defined by Article 7 of Regulation (EU) No 596/2014), as it forms
part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR") prior to its release as part of this announcement
and is disclosed in accordance with the Company's obligations under
Article 17 of those Regulations. The person responsible for making
this announcement on behalf of the Company is Helen Ashton, Group
Company Secretary.
Enquiries:
|
The
Alumasc Group plc
Paul Hooper (Chief
Executive)
Simon Dray (Group Finance
Director)
|
+44
(0)1536 383844
|
|
Peel Hunt (Broker)
Mike
Bell
Ed
Allsopp
|
+44
(0)207 418 8831
|
|
Cavendish Capital Markets Ltd (Nominated
Adviser)
Julian Blunt
Edward Whiley
|
+44
(0)207 220 0561
|
|
Camarco (Financial PR)
Ginny
Pulbrook
Rosie Driscoll
Tilly Butcher
|
alumasc@camarco.co.uk
+44
(0)203 757 4992
|
Notes to Editors:
Alumasc is a UK-based supplier of
premium sustainable building products, systems and solutions.
Almost 80% of Group sales are driven by building regulations and
specifications (architects and structural engineers) because of the
performance characteristics offered.
The Group has three business segments
with strong positions and brands in their individual markets. The
three segments are: Water Management; Building Envelope; and
Housebuilding Products.