Appointment of Chairman Designate
Updated : 07:06
4 December 2018
Marlowe plc
Appointment of Chairman Designate
Marlowe plc ("Marlowe" or the "Group" or the "Company"), the support services group focused on acquiring and developing companies that provide critical testing and maintenance services, announces the appointment of Kevin Quinn to the Board as a Non-Executive Director and Chairman Designate. Kevin joins the Board with immediate effect and will assume the role of Chairman on 1 April 2019 upon the planned retirement of Derek O'Neill at the conclusion of the Group's current financial year.
Kevin has extensive experience of the FTSE 250 support services sector, gained through his 13-year tenure as Chief Financial Officer at Berendsen plc, a leading European textile service business, where he played a significant role in its growth from a market capitalisation of less than £700 million during 2005 to a total implied equity value of approximately £2.2 billion as part of its sale to Elis SA in 2017. Prior to Berendsen, Kevin held a number of senior finance roles at Amersham plc and was previously a partner at PriceWaterhouseCoopers. He is currently a Non-Executive Director and Chair of the Audit Committee at Benchmark Holdings plc.
Alex Dacre, Chief Executive, commented:
"We are delighted to welcome Kevin to the Board of Marlowe. His significant public company experience and role in building one of the UK's leading support services businesses will be especially valuable to the Group. On behalf of the Board, I would like to take this opportunity to thank Derek O'Neill for his support and guidance through Marlowe's listing and subsequent strong growth and wish him well for the future."
Kevin Quinn commented:
"I look forward to working closely with the Board and the executive team in continuing to deliver the Group's strategy. Marlowe is strongly positioned for further growth, and I welcome the opportunity to make a significant contribution to the business."
For further information:
Marlowe plc | ||
Alex Dacre, Chief Executive | Tel: +44 (0) 203 813 6194 | |
Mark Adams, Group Finance Director | IR@marloweplc.com | |
Cenkos Securities plc (Nominated Adviser and Broker) | ||
Nicholas Wells | Tel: +44 (0)20 7397 8900 | |
FTI Consulting | ||
Nick Hasell | Tel: +44 (0)20 3727 1340 | |
Alex Le May | ||
About Marlowe plc
Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical testing & maintenance services in the UK. It is focused on fire protection, security systems, water treatment and air quality services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.
Appendix
Full name (age)
Kevin Quinn (58)
Current directorships:
Benchmark Holdings Plc
Previous directorships (in last five years):
Acorn Services (North West) Limited
BDF Healthcare Ltd.
BDF Holdings Limited
BDF Limited
Berendsen A/S
Berendsen Finance (DKK) Limited
Berendsen Finance (Euro 2 ) Limited
Berendsen Finance (Euro) Limited
Berendsen Healthcare Limited
Berendsen Hospitality Limited
Berendsen Limited
Berendsen Nominees Limited
Berendsen Textil Service AB
Berendsen UK Limited
Berendsen Workwear Limited
Camborne-Redruth Laundry Company Limited
Cavendish Laundry Limited
Charnwood Laundry Limited
Combined Linen Service Limited
Davis (BIM) Limited
Davis (FH) Limited
Davis (JH) Limited
Dunfermline And West Fife Laundry, Limited
Eamont Vale Laundry And Cleaners Limited
Fabricare Limited
Fakenham Laundry Services Limited
Hall & Letts Limited
IH Decontamination Services (Cardiff) Limited
IHSS Limited
Lakeland Pennine Group Limited
Lakeland Pennine Limited
Laundrycraft Limited
Lizard And District Hygienic Steam Laundry Company, Limited (The)
M Furnishing (Ireland) Limited
M Furnishing Group Limited
Midland Laundry Group Holdings Limited
Midland Laundry Group Limited
Mitre Linen Limited
National Sunlight Laundries Limited
New Wave Laundries Limited
Rocialle Limited
S Berendsen AB
Salop Textile Solutions Limited
Society Linen Limited
Spring Grove Services Group Limited
Spring Grove Services Limited
St. Helens Laundry Limited
Sunlight (72078) Limited
Sunlight (Lyndale) Limited
Sunlight (New Era Linen) Limited
Sunlight (Newbury) Limited
Sunlight Clinical Solutions Limited
Sunlight Service Group (Shop Investments) Limited
Sunlight Services Limited
Sunlight Textile Services Limited
Sunlight Workwear Services Limited
The Business Services Association
The Davis Service Group Limited
The Sunlight Group Limited
The Sunlight Service Group Limited
West Kent Laundry Limited
As at today's date, Mr Quinn does not hold any ordinary shares in the capital of the Company.
There are no further disclosures pursuant to Schedule 2(g) of the AIM Rules for Companies to be made in respect of Mr Quinn's appointment.
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