6 June 2023
Genuit Group plc
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 Paul James has informed the Board that following five years as Chief Financial Officer ("CFO") of the Company, he wishes to step down to take up the position as Chief Financial Officer with a privately owned company.
Paul will remain in post up to 30 September 2023 to ensure a smooth transfer of responsibilities, and the Board is commencing a process to appoint a successor.
Kevin Boyd, Chair, said:
"On behalf of the Board, I would like to thank Paul for his significant contribution to Genuit Group over the last five years and we wish him every success in his new role."
Joe Vorih, Chief Executive Officer, said:
"I would like to add my thanks to Paul for his hard work and commitment during his time at Genuit Group, and the support he has given to me since I joined. Paul has played an important role in the changes we have made in the business and helping progress our leadership position in water and climate management solutions. We will continue to work closely with Paul in the coming months as we transition to a new CFO."
Paul James, Chief Financial Officer, said:
"It has been a huge privilege to have worked at Genuit Group. The business is positioned well for the continued opportunities arising from structural trends in ESG and the built environment. I would like to thank my colleagues across the business and wish Genuit Group every success for the future."
Joe Vorih, Chief Executive Officer
Paul James, Chief Financial Officer
+44 (0) 1138 315380
Nina Coad / Tom Pigott
+44 (0) 20 7404 5959
Notes to Editors:
Genuit Group plc ("Genuit", the "Company" or the "Group"), 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.