27 September 2017
Polypipe Group plc
Chief Financial Officer Appointment
Polypipe Group plc (“Polypipe” or the “Group”), a leading manufacturer of plastic piping and ventilation systems for the residential, commercial, civils and infrastructure sectors, is pleased to announce the appointment of Paul James as Chief Financial Officer and a member of the Polypipe Board on or before 2 April 2018. Paul succeeds Martin Payne, who will assume the role of Chief Executive Officer on 2 October 2017, as previously announced on 24 May 2017. Martin will continue to oversee the Group finance function until Paul joins.
Paul has served as Group Financial Controller of Dixons Carphone plc since 2014, and prior to this role he held the position of Group Financial Controller and Treasury Director of Inchcape plc and senior financial positions at British American Tobacco plc. He is a Fellow of the Institute of Chartered Accountants in England and Wales.
Martin Payne, Chief Executive Officer Designate, said:
“I am very pleased to welcome Paul onto the Board. His financial and operational skills, together with his experience of working in public companies will be a great asset. I look forward to working with Paul to lead Polypipe through its continued development.”
There is no information which is required to be disclosed pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.
Polypipe +44 (0) 1709 770 000
Martin Payne, Chief Executive Officer Designate
Brunswick +44 (0) 2074 045 959
Notes to Editors:
Polypipe is the largest manufacturer in the UK, and among the ten largest manufacturers in Europe, of plastic 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 in the UK.
The Group operates from 20 facilities in total, and with over 20,000 product lines, manufactures the UK’s widest range of plastic piping systems for heating, plumbing, drainage and ventilation. The Group primarily targets the UK, French and Irish building and construction markets with a presence in Italy and the Middle East and sales to specific niches in the rest of the world.