Business
Audit Committee Chair
JTC PLC announced that Dermot Mathias has stepped down as Chair of the Audit Committee effective February 25, 2026, and will not stand for re-election as an Independent Non-Executive Director at the May 21, 2026 AGM, though he will remain on the Board and Audit Committee until then. Dr. Erika Schraner, appointed to the Board in November 2019 and currently Chair of the Nomination Committee, has been appointed as the new Chair of the Audit Committee. Disclaimer*
About this update from Jtc Plc
[{"type":"text","content":"\n\n26 February 2026\nJTC PLC\n(the \"Company\" and together with its subsidiaries \"JTC\" or the \"Group\")\nAudit Committee Chair\nThe Company announces that Dermot Mathias has stepped down from his role as Chair of the Audit Committee with effect from 25 February 2026. Dermot has also confirmed that he will not stand for re-election as an Independent Non-Executive Director at the forthcoming AGM on 21 May 2026.\nThe Board is pleased to confirm that Dermot will remain on the Board and as a member of the Audit Committee until the AGM, providing valuable continuity and support to the Committee during this transitional period.\nThe Board wishes to take the opportunity to publicly extend its thanks to Dermot for his significant contribution to the Company since joining the Board in 2018 and wishes him the very best for the future.\nIn accordance with the Board's previously approved succession plans, Dr. Erika Schraner, who was appointed to the Board in November 2019 and has served as Chair of the Nomination Committee since November 2020, has been appointed as Chair of the Audit Committee with effect from 25 February 2026. Erika brings extensive experience and strong leadership to the Audit Committee.\nMike Liston, Non-Executive Chairman of JTC PLC, commented:\n\"On behalf of the Board, I would like to express our sincere thanks to Dermot for his wisdom, commitment and outstanding service over many years. Dermot has played a pivotal role in guiding the Company through a period of substantial growth, from IPO to the proposed acquisition recently approved by Shareholders. We are grateful that Dermot will remain with us until the forthcoming AGM, providing continuity and support to the Board, Erika and the Audit Committee. We wish him well for the future.\nWe are also delighted that Erika has accepted the appointment as Chair of the Audit Committee. Erika's deep knowledge of the Company and her breadth of experience will provide strong leadership to the Committee, and we look forward to her further contributions in this important role.\"\nBoard and Committees\nFollowing Dr. Schraner's appointment as Audit Committee Chair, membership of the Board and Board Committees is as follows:\n· Board\nMike Liston, Non-Executive Chair\nNigel Le Quesne, Chief Executive Officer \nMartin Fotheringham, Chief Financi...