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Stobart Group Ltd - Board Change

RNS Number : 8402D
Stobart Group Limited
02 November 2020
 

2 November 2020

 

 

STOBART GROUP LIMITED

('Stobart Group' or 'the Company')

 

Board Change

 

Stobart Group, the aviation and energy infrastructure group, announces the appointment of David Blackwood as Senior Independent Director ('SID') with effect from 1 November 2020. David joined the Board as Non-Executive Director on 1 March 2019. He became Chair of the Audit Committee on 23 July 2019 when former SID Andrew Wood stepped down from the Board at the conclusion of the 2019 AGM, as previously disclosed.

 

David has extensive experience at senior levels of finance, audit and risk and has also acted as SID at Scapa Group plc and Dignity plc. David is currently Non-Executive Chairman of Connect Group plc, the market leader in the distribution of newspapers and magazines in the UK.

 

The Company announced on 4 June 2020 that it would resume the process to recruit two additional Non-Executive Directors and address the appointment of SID. Further to that announcement, Clive Condie was appointed with effect from 1 July 2020. However, as the COVID-19 pandemic has evolved in the last few months the Board has decided to pause the recruitment of a second Non-Executive Director.

 

David Shearer, Non-Executive Chairman, Stobart Group, said: "I am delighted to announce the appointment of David Blackwood to the important role of Senior Independent Director. David has significant board level experience and has made an invaluable contribution since his appointment."

 

This announcement has been made in accordance with the requirements of Listing Rule 9.6.11. 

 

Enquiries:

 

Stobart Group Limited                                                  

Charlie Geller, Communications Director

C/o Tulchan Communications

 

Tulchan Communications 

Olivia Peters/David Allchurch

020 7353 4200

[email protected]                                           

 

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