REG - Impax Asset Mgmnt - Directorate Change

Impax Asset ManagementAnnouncement

31/07/2024 07:00

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RNS Number : 2781Y  Impax Asset Management Group plc  31 July 2024

 

Impax Asset Management Group plc

 

("Impax" or the "Company")

 

Board Changes

 

Sally Bridgeland steps down as Chair; Simon O'Regan appointed as successor

Impax, the specialist investor focused on the transition to a more sustainable
economy, today confirms that Sally Bridgeland has retired as Chair and
Non-Executive Director. Sally steps down from the Board after serving a
nine-year term as a Director and has been Chair of Impax since December 2020.
Lindsey Brace Martinez is also stepping down as a Non-Executive Director and
Chair of the Company's Remuneration Committee effective today, having also
served a nine-year term. The retirement of both Directors and their successors
have previously been announced.

 

Accordingly, Simon O'Regan has been appointed as Chair, as Sally's successor
with immediate effect. Simon became a Non-Executive Director of Impax in 2020
and was previously Senior Independent Director, having been succeeded by
Annette Wilson with effect from today, 31 July 2024. Annette Wilson remains
Chair of the Audit & Risk Committee and Julia Bond succeeds Lindsey Brace
Martinez as Chair of the Remuneration Committee, also with immediate effect.
Simon O'Regan has ceased to be a member of the Audit & Risk Committee.

 

Simon O'Regan has forty years' experience in the insurance, pensions and asset
management industries. He is a UK qualified actuary and was formerly CEO of
Mercer in Australia, in the UK, in Europe and in the USA/Canada. He was a
member of the UK's Nuclear Liabilities Financing Assurance Board until it
submitted its final advice on Hinkley Point in 2015 and served as a
Non-Executive Member of the Foreign, Commonwealth and Development Office's
Audit & Risk Assurance Committee. He was formerly a Non-Executive Director
of Alexander Forbes Group Holdings Ltd.

 

Sally Bridgeland commented:

 

"It has been a real pleasure to serve on the Impax Board since 2015 and to act
as Chair for the past three and a half years. Over my time on the Board, Impax
has delivered impressive growth and responded effectively to the evolving
requirements of its clients. It's been a privilege to be associated with a
company with such a clear focus on its core mission of investing in the
transition to a more sustainable economy and I believe it will continue to
thrive under Simon's tenure as Chair."

 

Simon O'Regan said:

 

"It's an honour to become Chair of this dynamic business and I look forward to
working alongside my fellow Directors to support the growth trajectory of the
Company. Impax's unique offering means that the Company is well positioned for
further success."

 

Ian Simm, Chief Executive, Impax, said:

 

"I'd like to thank Sally and Lindsey for their significant contribution to the
Impax Board and to acknowledge their valuable support for and guidance to
members of the senior management team. With his deep expertise of the asset
management and pensions sectors, Simon is perfectly placed to succeed Sally
and I look forward to working with him closely as we continue to grow and
diversify the business."

 

 

- Ends -

Enquiries:

 

 Impax Asset Management Group plc

 Ian Simm, Chief Executive                              +44 (0)20 3912 3000

 Paul French, Head of Communications                    +44 (0)20 3912 3032

 Montfort Communications

 Gay Collins                                            +44 (0)77 9862 6282

 Jack Roddan                                            +44 (0)78 2567 0695

 impax@montfort.london (mailto:impax@montfort.london)

 Peel Hunt LLP, Nominated Adviser and Joint Broker

 Andrew Buchanan                                        +44 (0)20 7418 8900

 Dan Webster

 Berenberg, Joint Broker

 James Felix                                            +44 (0)20 3207 7800

 Dan Gee-Summons

 

About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with assets under
management of approximately £36.9 billion as of 30 June 2024 in both listed
and private markets strategies, investing in the opportunities arising from
the transition to a more sustainable global economy.

 

Impax believes that capital markets will be shaped profoundly by global
sustainability challenges, including climate change, pollution and essential
investments in human capital, infrastructure and resource efficiency. These
trends will drive growth for well-positioned companies and create risks for
those unable or unwilling to adapt.

 

The company seeks to invest in higher quality companies with strong business
models that demonstrate sound management of risk. Impax offers a well-rounded
suite of investment solutions spanning multiple asset classes seeking superior
risk-adjusted returns over the medium to long term.

 

Impax has approximately 310 employees(1) across its offices in the United
Kingdom, the United States, Ireland, Denmark, Hong Kong and Japan making it
one of the investment management sector's largest investment teams dedicated
to sustainable development.

 

www.impaxam.com (http://www.impaxam.com)

 

(1) Full-time equivalent.

 

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted
on the Alternative Investment Market of the London Stock Exchange.  Impax
Asset Management Group plc is registered in England & Wales, number
03262305.  AUM relates to Impax Asset Management Limited, Impax Asset
Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax
Asset Management LLC.  Impax Asset Management Limited and Impax Asset
Management (AIFM) Limited are authorised and regulated by the Financial
Conduct Authority and are wholly owned subsidiaries of Impax Asset Management
Group plc.  Please note that the information provided on www.impaxam.com
(http://www.impaxam.com/) and links from it should not be relied upon for
investment purposes.

 

Impax is trademark of Impax Asset Management Group Plc. Impax is a registered
trademark in the UK, EU, US, Hong Kong and Australia. © Impax Asset
Management LLC, Impax Asset Management Limited and/or Impax Asset Management
(Ireland) Limited. All rights reserved.

 

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