REG - Dewhurst Group PLC - Appointment of Chief Financial Officer

DewhurstAnnouncement

20/06/2024 07:00

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RNS Number : 1121T  Dewhurst Group PLC  20 June 2024

20 June 2024

Dewhurst Group plc

("Dewhurst", the "Group" or the "Company")

 

Appointment of Chief Financial Officer

 

Dewhurst Group plc (AIM: DWHT), the global manufacturer and supplier of
quality components to the lift, transport and keypad industries, is pleased to
announce the promotion of Jeremy Dewhurst to Chief Financial Officer, which
will see him join the Company's Board of Directors effective 1 July 2024.
Jeremy is currently Chief Transformation Officer of the Company and a Director
of the Company's A&A Electrical Distributors business. Alongside Jeremy's
appointment, Jared Sinclair will stand down as Chief Financial Officer and
will take up a new role as Chief Integration Officer, remaining a Board member
and the Company Secretary. Jared will replace Jeremy as a Director of A&A
Electrical Distributors Ltd (A&A).

Jeremy was appointed Finance Director of A&A when it was acquired by
Dewhurst Group in June 2018 and has been instrumental in its development both
in the UK and overseas. Prior to joining A&A Jeremy spent over 8 years
with Deloitte in which he spent the latter half as a Senior Manager within the
Equity Capital Markets team. He is an ACA-qualified Chartered Accountant.

John Bailey, Dewhurst Group CEO said, "I am delighted to announce the
promotion of Jeremy Dewhurst to Chief Financial Officer. Jeremy has a strong
financial background which has been complimented with the commercial
experience gained during his role as Finance Director of A&A Electrical
Distributors and more recently in his role as Chief Transformation Officer of
Dewhurst Group. Jeremy will have a well-planned handover with Jared who has
played an important part in Dewhurst Group's growth over many years. I am
confident that both Jeremy and Jared will continue to excel in their new roles
and support our ongoing progression".

Additional information in respect of the AIM Rules

The following information regarding the appointment of Jeremy Melbourne
Dewhurst (aged 37) is disclosed pursuant to Schedule Two paragraph (g) of the
AIM Rules for Companies ("AIM Rules"):

 Current directorships/partnerships                Past directorships/partnerships

 ·      A&A Electrical Distributors Ltd            ·      N/A

 

As at the date of this announcement, Jeremy Dewhurst holds an interest in
327,500 ordinary shares in the Company equivalent to 9.9% of the Company's
voting share capital.

Save as set out above, there is no further information to be disclosed in
respect of Jeremy Dewhurst under Schedule 2(g) of the AIM Rules.

For further enquiries:

Contacts:

 

 Dewhurst Group Plc                                            Tel: +44 (0)208 744 8200
 Richard Dewhurst, Chairman

 Jared Sinclair, Chief Financial Officer

 www.dewhurst-group.com (http://www.dewhurst-group.com/)

 Singer Capital Markets (Nominated Adviser and Sole Broker)    Tel: +44 (0)207 496 3000
 Rick Thompson / Alex Bond

 

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