Titon Holdings PLC Appointment of CEO (1742U)
22 Novembre 2023 - 8:00AM
UK Regulatory
TIDMTON
RNS Number : 1742U
Titon Holdings PLC
22 November 2023
LEI: 213800ZHXS8G27RM1D97
This announcement contains inside information for the purposes
of Article 7 of the UK version of the Market Abuse Regulation (EU)
No.596/2014, which forms part of UK law by virtue of the European
Union (Withdrawal) Act 2018.
22 November 2023
Titon Holdings Plc
Appointment of CEO
Titon Holdings Plc ("Titon", the "Group" or the "Company"), a
leading manufacturer and supplier of ventilation systems and window
and door hardware is pleased to announce the appointment of Tom
Carpenter as Group Chief Executive Officer ("CEO"). Tom will start
his role and join the Board of the Company on 23 April 2024.
Tom joins Titon from Belden Inc., a US based leading global
supplier of network infrastructure and digitisation solutions,
listed on the New York Stock Exchange, where he is Vice President
of Strategy and Business Development. Tom has a track record of
growing businesses both organically and inorganically, and has
experience of working in publicly listed companies having joined
Belden Inc. in 2016. Tom has held leadership positions within
Belden since then including as Managing Director of PPC Broadband
Inc., a subsidiary of Belden. Prior to this, Tom held various
leadership positions including as Chief Executive Officer at M2FX
Limited, which was purchased by PPC Broadband in 2016. Tom holds a
Master in Business Administration from Loughborough University and
a Degree in Manufacturing Systems Engineering from Nottingham Trent
University.
Keith Ritchie, Non-Executive Chair, commented: "I am very
pleased to welcome Tom to Titon and to wish him well in his new
position. Tom has a wealth of senior management experience and
strong technical attributes, which he will bring to bear as the new
CEO. The Titon Board looks forward to working with Tom to introduce
him to our ventilation, window and door hardware business and to
continue the work that has been ongoing for the last year to drive
change in the business."
Tom Carpenter, incoming CEO, commented: "I am delighted to be
joining Titon and to take on the role of Group CEO. In my
management career I have worked in several different industries and
look forward to utilising my experience in Titon's business. I
relish the opportunity to strengthen Titon's position in the
ventilation and hardware industry and lead it to a more profitable
future."
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Thomas
("Tom") Selby Carpenter, aged 54, has held no directorship and
partnership positions in the past 5 years. Tom holds no interest in
the ordinary share capital of the Company.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Rule 17 and Schedule 2
(g) of the AIM Rules for Companies.
For further information please contact:
Titon Holdings Plc
Keith Ritchie Tel: +44 (0)7748
146834
Shore Capital (Nominated Adviser and Broker)
Daniel Bush Tel: +44 (0)20 7408
Tom Knibbs 4090
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END
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November 22, 2023 02:00 ET (07:00 GMT)
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