29 November 2021
Genuit Group plc
Appointment of Chief Executive Officer
Following its announcement on 20 May 2021, Genuit Group plc (the “Company” or the “Group”) is pleased to announce that Joe Vorih will be appointed as Chief Executive Officer (CEO) and a member of the Board early in 2022, on a date to be confirmed in due course.
Joe will join Genuit Group’s Board from Spectris plc, a FTSE 250 company, where he has been president of HBK, a standalone division and key platform business within the Group, since January 2019, having joined Spectris in 2016. Prior to that, he worked for Clarcor Corporation, a NYSE listed business delivering filtration solutions and Danaher Corporation, also a US listed global business in industrial, test and medical equipment.
The Company confirms that as previously announced, Martin Payne will step down from the Board and as CEO following a period of handover with Mr Vorih, but will remain an employee of the Company and available to the Board in an advisory capacity until 20 May 2022.
Ron Marsh, Genuit Group Chairman, commented: “Joe is a highly experienced senior executive with a strong track record. Joe brings extensive operational leadership and strategic expertise in the manufacturing and technology industries, and I am confident he will take Genuit Group forward to the next stage of its growth and development.”
Joe Vorih commented, “I am delighted to have been appointed CEO of Genuit Group at such an exciting time in its development. I look forward to working alongside the Board and leading the Executive Team to continue to deliver a strong performance across the Group and drive the strategy forwards.”
There is no information concerning Mr Vorih which requires notification under LR9.6.13R of the Financial Conduct Authority’s Listing Rules.
Ron Marsh, Chairman
Paul James, Chief Financial Officer
+44 (0) 1138 315380
+44 (0) 20 7404 5959
Notes to Editors:
Genuit Group plc (“Genuit” 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 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 and sales to specific niches in the rest of the world.
Genuit Group plc changed its corporate name from Polypipe Group plc on 6 April 2021. The Group was established in 1980 and has been listed on the London Stock Exchange since 2014.