TIDMFAN
RNS Number : 1410D
Volution Group plc
19 June 2023
19 June 2023
Volution Group plc
Appointment of Jonathan Davis as an Independent Non-Executive
Director
and Chairman of the Audit Committee
Volution Group plc (LSE: FAN), a leading international designer
and manufacturer of energy efficient indoor air quality solutions,
announces that Jonathan Davis has been appointed as an independent
Non-Executive Director of the Company with effect from 23 June
2023.
Jonathan will also become Chairman of the Audit Committee, and
will join the Remuneration and Nomination Committees, on
appointment.
Jonathan Davis is currently Group Finance Director at Rotork plc
(LSE: ROR), a FTSE 250 global provider of mission-critical
intelligent flow control solutions operating across a diverse range
of markets, including the oil & gas, water, power, chemicals,
and process industries.
The appointment of Jonathan will coincide with a number of
previously announced changes to the Board.
Nigel Lingwood, the current Audit Committee Chairman and Chair
Designate, will step into the role of Chairman of the Board on 23
June 2023, following the planned retirement of Paul
Hollingworth.
Nigel will also be appointed as Chairman of the Nomination
Committee on that date. He will remain as a member of the
Remuneration Committee but will stand down as a member of the Audit
Committee.
Amanda Mellor, Senior Independent Director, will step down as
planned from her role as interim Chair of the Nomination Committee
with effect from 23 June 2023, but will remain as a member of the
Committee.
Paul Hollingworth will retire from the Board as previously
notified, also with effect from 23 June 2023.
Nigel Lingwood, Chair Designate of Volution, commented:
"I am delighted to welcome Jonathan as an Independent
Non-Executive Director and Audit Committee Chairman. With his
strong financial and accounting expertise and extensive public
company, M&A, and international experience, I am confident that
Jonathan will make a strong contribution to the Board."
Ronnie George, Chief Executive Officer of Volution,
commented:
"We look forward to working with Jonathan and benefiting from
his significant expertise, especially in the area of accounting and
finance. We believe he will bring valuable insights and experience
to the role of Audit Committee Chair.
In respect of Paul's retirement as Chairman, I would like to
personally express my thanks for his support, guidance, and counsel
throughout his tenure and to congratulate him on his notable
achievements.
He has played a key role in the progress and development of
Volution since our listing in 2014, and we are extremely grateful
for his commitment, dedication, and input.
Nigel will undoubtedly be an excellent successor to Paul, having
already provided significant support and value as a Board member
and, more specifically, as Audit Committee Chair. I am looking
forward to continuing our working relationship as he steps up into
his new role as Chairman of the Board on 23 June."
There are no other details that are required to be disclosed in
respect of Rule 9.6.13 of the Listing Rules.
-Ends-
For further information:
Volution Group plc
Ronnie George, Chief Executive
Officer +44 (0) 1293 441501
Andy O'Brien, Chief Financial
Officer +44 (0) 1293 441536
Note to Editors:
-- There is no additional information to be disclosed in respect
of Jonathan Davis pursuant to Listing Rule 9.6.13 (2) to (6).
-- At the date of this announcement, Jonathan Davis has no
beneficial interests in ordinary shares of Volution.
-- Directorships of Publicly Quoted Companies held in the last 5 years:
Rotork plc
-- Volution Group plc (LSE: FAN) is a leading international
designer and manufacturer of energy efficient indoor air quality
solutions.
-- Volution Group comprises 20 key brands across three regions:
UK: Vent-Axia, Manrose, Diffusion, National Ventilation,
Airtech, Breathing Buildings, Torin-Sifan.
Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection,
Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI.
Australasia: Simx, Ventair, Manrose.
-- Legal Entity Identifier: 213800EPT84EQCDHO768
For more information, please go to: www.volutiongroupplc.com
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END
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(END) Dow Jones Newswires
June 19, 2023 04:00 ET (08:00 GMT)
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