1 November 2023
Genuit Group plc
Further to the announcement on 1 September 2023, Genuit Group plc (“Genuit”, the “Company” or the “Group”), a leading provider of sustainable water and climate management solutions for the built environment, today announces that Tim Pullen has been appointed as Chief Financial Officer (“CFO”) and a member of the Genuit Board with effect from 1 November 2023.
Tim brings a broad range of public market experience through a variety of fast-paced and dynamic businesses, having served as CFO of IQE plc, an AIM listed manufacturer of advanced semiconductor materials from 2019 to 2023, as CFO of Arm Limited from 2017 to 2019 and having held senior finance positions in 02/Telefonica UK, Serco plc and Logica plc prior to that.
Joe Vorih, Chief Executive Officer, said:
“I am pleased to welcome Tim as CFO following his Interim role over the last two months. I look forward to working with him as we continue to deliver our Sustainable Solutions for Growth strategy. Tim has already made an impressive contribution as Interim CFO and brings extensive public market experience that will complement our Executive Management Team.”
The Company confirms that there is no further information concerning Tim Pullen which requires notification under LR9.6.13R of the Financial Conduct Authority’s Listing Rules.
The Company also announces that Mark Hammond, Non-Executive Director, retired from the Board on 31 October 2023.
Kevin Boyd, Chairman, said:
“During his nine years as a Non-Executive Director, Mark has played a pivotal role in building Genuit into the successful business it is today. On behalf of the Board, and on a personal note, I would like to thank him for his invaluable contribution to the Group and wish him the very best for the future.”
Joe Vorih, Chief Executive Officer
Emma Versluys, Company Secretary
+44 (0) 1138 315380
Notes to Editors:
Genuit Group plc, a leading provider of sustainable water, climate and ventilation products 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 solutions in water-based heating systems in the UK.
The Group operates from thirty 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 and the Netherlands and sells to specific niches in the rest of the world.