31 January 2022
Genuit Group plc
Board changes update
Following its announcement on 29 November 2021, Genuit Group plc (the “Company”) confirms that Joe Vorih will be appointed as Chief Executive Officer (“CEO”) and a member of the Board with effect from 28 February 2022. Mr Payne will step down from the Board and as CEO on 28 February 2022 but will remain an employee of the Company and available to the Board in an advisory capacity until 20 May 2022.
There is no information concerning Mr Vorih which requires notification under LR9.6.13R of the Financial Conduct Authority’s Listing Rules.
Emma Versluys, Company Secretary +44 (0)1138 315315
Notes to Editors:
Genuit Group plc (“Genuit”, the “Company” or the “Group”), a leading provider of sustainable water and climate management solutions for the built environment, is the largest manufacturer in the UK, and among the ten largest manufacturers in Europe, of piping systems for the residential, commercial, civils and infrastructure sectors by revenue. It is also a leading designer and manufacturer of energy efficient ventilation systems, sustainable underfloor heating solutions and energy efficiency solutions in water-based heating systems in the UK.
The Group operates from 28 facilities in total and manufactures the UK’s widest range of solutions for heating, plumbing, drainage and ventilation. The Group primarily targets the UK and European building and construction markets with a presence in Italy, the Netherlands, Ireland and the Middle East, with sales to specific niches in the rest of the world.
Genuit Group plc changed its name from Polypipe Group plc on 6 April 2021. The Group was established in 1980 and has been listed on the premium segment of the London Stock Exchange since 2014.