SSP Group PLC Board Changes (8958R)
01 Novembre 2019 - 8:00AM
UK Regulatory
TIDMSSPG
RNS Number : 8958R
SSP Group PLC
01 November 2019
1 November 2019
SSP GROUP PLC
Board Changes
SSP Group plc (the "Company" or "SSP") is pleased to announce
the appointment of Mike Clasper to succeed Vagn Sørensen as
Chairman of the Company. Mike will join the SSP Board as an
independent Non-Executive Director and Chairman designate of the
Company on 1 November 2019.
Vagn Sørensen, who first joined the Board as Chairman in 2006
and led the Company through its IPO in 2014, will retire from the
Company at the completion of the 2020 Annual General Meeting and
Mike will then assume the role of Chairman. Mike will also serve as
Chair of the Board's Nomination Committee with effect from 1
November 2019.
Mike is currently Chairman of Coats Group plc, which is listed
on the main market of the London Stock Exchange. Between March 2014
and December 2018, he was Senior Independent Director of Serco
Group plc. In addition to these positions, Mike has served on the
boards across a wide range of businesses, including as Chairman of
Which? Limited, Chairman of HM Revenue & Customs, Senior
Independent Director of ITV plc, President of the Chartered
Management Institute and Operational Managing Director at Terra
Firma Capital Partners Limited. He was Chief Executive of BAA plc
and before that he held a number of senior executive positions at
Procter & Gamble.
Commenting on the appointment, Carolyn Bradley, Senior
Independent Director and member of the Nomination Committee, said:
"We are delighted that following a comprehensive search to identify
the right individual to succeed Vagn, Mike will join the Board and
become Chairman of the Company next year. He brings significant and
relevant experience, in particular a deep expertise in the airport
and aviation services industries following his time as Chief
Executive of BAA plc. We look forward to welcoming him to the
Board.
"I would like to thank Vagn Sørensen for the major contribution
he has made to SSP, which includes guiding the business through a
highly successful IPO and delivering consistent shareholder returns
since then. His Chairmanship and knowledge of the business have
played a significant part in the development of SSP and we wish him
well for the future."
Vagn Sørensen, Chairman of the Company and Chair of the
Nomination Committee, said: "It has been an honour to serve as
SSP's Chairman for more than a decade. Having overseen the
successful CEO transition to Simon Smith, I believe that with the
business in great shape, with a clear and proven strategy and a
sound platform on which to generate long term sustainable returns,
it's the right time for me to step down."
Mike Clasper said: "It is an immense privilege to be asked to
serve as Chairman of SSP. SSP is a fantastic business with
excellent on-going growth potential. I look forward to working with
the SSP team to realise this potential."
There is no other information to be disclosed under paragraph
9.6.13R of the Listing Rules.
For further information contact:
Helen Byrne, Company Secretary & General Counsel, SSP Group
plc
+ 44 (0)20 7543 3300
Investor and analyst enquiries
Sarah John, Director of Investor Relations, SSP Group plc
+44 (0)20 3714 5251; E-mail: sarah.john@ssp-itl.com
Media enquiries
Peter Ogden / Lisa Kavanagh, Powerscourt
+44 (0)20 7250 1446; E-mail: ssp@powerscourt-group.com
About SSP
SSP is a leading operator of food and beverage concessions in
travel locations, operating restaurants, bars, cafés, food courts,
lounges and convenience stores in airports, train stations,
motorway service stations and other leisure locations. With over 50
years of experience, today we have more than 37,000 employees,
serving approximately one and a half million customers every day.
We have business at approximately 140 airports and 280 rail
stations, and operate more than 2,600 units in 33 countries around
the world.
SSP operates an extensive portfolio of more than 500
international, national, and local brands. Among these are local
heroes such as Brioche Doree in Paris, LEON in London, and Hung's
Delicacies in Hong Kong. Our range also includes proprietary brands
created for the travel sector including Upper Crust, Cabin Bar and
Ritazza, as well as international names such as M&S, Burger
King, Starbucks, Jamie's Deli and YO! Sushi. We also create
stunning bespoke concepts such as Five Borough Food Hall in JFK,
New York and Norgesglasset Bar in Oslo Airport.
www.foodtravelexperts.com
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END
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