Business
Appointment of Chairman
Appointment of Chairman.
About this update from Hill & Smith Plc
[{"type":"text","content":"\n \nRNS Number : 1552I Hill & Smith Hldgs PLC 07 August 2019 \n\n7 August 2019\nHill & Smith Holdings PLC\n \nBoard Changes\nAppointment of Chairman\n \nHill & Smith Holdings PLC (\"Hill & Smith\" or \"the Group\") today announces the appointment of Alan Giddins as Chairman of the Board with effect from 1 October 2019. Alan will succeed Jock Lennox, who will retire from the Board on that date.\n \nAlan joined the Hill & Smith Board in October 2017 as Senior Independent Director, and has been a member of the Audit, Remuneration and Nomination Committees since his appointment. He has been appointed Chairman following a thorough selection process, which included external candidates, and was led by Annette Kelleher, Non-executive Director and Chair of the Remuneration Committee, supported by Spencer Stuart, international executive search consultants.\n \nAlan recently stepped down as a Managing Partner and Head of Private Equity at 3i Group plc (\"3i\"), where he was a member of its Executive Committee. Prior to joining 3i in 2005, Alan spent 13 years working in investment banking advising a broad range of public companies. He qualified as a chartered accountant at KPMG and has a degree in economics. \n \nAlan brings a wealth of relevant experience as a business leader and investor. He has been involved in building and growing businesses both in the UK and internationally, and has sat on the boards of a number of 3i's largest private equity investments.\n \nThe Board has engaged a search firm to support it in the appointment of an additional Non-executive Director to join the Board during the second half of 2019.\n \nJock Lennox, Chairman said:\n \n\"It has been a privilege to be part of the successful Hill & Smith story since becoming a Non-executive Director in 2009. In the last two years as Chairman, we have continued to develop the leading positions in our chosen international markets and to lay the groundwork for the future. I leave behind a very strong and entrepreneurial management team and I am delighted that Alan is succeeding me as Chairman to lead the next stage of the Group's growth.\"\n \nDerek Muir, Chief Executive said:\n \n\"I am delighted that Alan has agreed to take on the Chairman role at Hill & Smith....