TIDMNXR

RNS Number : 8417J

Norcros PLC

15 December 2022

Norcros plc

("Norcros" or "the Company")

Board Changes

Norcros plc, a market leading supplier of high quality and innovative bathroom and kitchen products, announces two changes to the Board that will occur in due course.

On 1 January 2023 Stefan Allanson will join the Board as a Non-Executive Director and Chair (Designate) of the Audit and Risk Committee.

Stefan Allanson is Chief Financial Officer of MJ Gleeson plc, the main-market listed low-cost housebuilder and land promoter, where he has held the role since 2015. Prior to Gleeson, Stefan held senior finance roles at Keepmoat Ltd, Tianhe Chemicals Ltd, The Vita Group Ltd, TheSkillsMarket Ltd and Honda Motor Company.

David McKeith will continue in his role as a Non-Executive Director, and as Chair of the Audit and Risk Committee and will hand over this role to Stefan Allanson when he retires from the Board at the Company's AGM in July 2023.

Commenting on Stefan's appointment, Gary Kennedy, Chair, said "We have conducted a comprehensive recruitment process to find a successor to David McKeith as a Non-Executive Director and in due course, the Chair of the Audit and Risk Committee, and the Board is confident that Stefan, with his extensive and highly relevant skills and experience, will be a capable successor and a strong addition to the Board."

Further enquiries:

 
 Norcros plc                     Tel: 01625 547 700 
 Nick Kelsall, Chief Executive 
  Officer 
  Gary Kennedy, Board Chair 
 
 Hudson Sandler                  Tel: 0207 796 4133 
 Nick Lyon and Sophie Miles

Further Information:

1. Stefan was a director of The Resource Pool Limited, a small technology start-up, in December 2001 (having joined the company as a director in May 2000) when the company entered into creditors' voluntary liquidation. The business was subsequently bought out of administration and traded successfully for many years. Stefan ceased to be involved in the company in September 2003.

2. Other than the matters referred to in this announcement, there are no other disclosures to be made under Listing Rule 9.6.13.

Notes to Editors

Norcros is a market leading supplier of high quality and innovative bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under eight brands:

   --    Triton - Market leader in the manufacture and marketing of showers in the UK

-- Merlyn - The UK and Ireland's No.1 supplier of shower enclosures and trays to the residential, commercial and hospitality sectors

-- Vado - A leading manufacturer and supplier of taps, mixer showers, bathroom accessories and valves

-- Croydex - A market-leading, innovative designer, manufacturer and distributor of high quality bathroom furnishings and accessories

-- Abode - A leading niche designer and distributor of high quality kitchen taps, bathroom taps, and kitchen sinks

   --    Johnson Tiles - The leading manufacturer and supplier of ceramic tiles in the UK 
   --    Norcros Adhesives - Manufacturer of tile and stone adhesives, grouts and related products

-- Multipanel - Grant Westfield is a leading manufacturer of high-end waterproof bathroom wall panels

Based in South Africa, Norcros operates under four brands:

Tile Africa - Chain of retail stores focused on ceramic and porcelain tiles, and associated products such as sanitaryware, showers and adhesives

   --    Johnson Tiles South Africa - Manufacturer of ceramic and porcelain tiles 
   --    TAL - The leading manufacturer of ceramic and building adhesives 
   --    House of Plumbing - Market leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,400 people. The Company is listed on the London Stock Exchange. For further information please visit the Company website: http://www.norcros.com

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END

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December 15, 2022 04:40 ET (09:40 GMT)

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