LONDON - Headlam Group plc (LSE: LON:HEAD), a prominent distributor of floorcoverings in the UK, has announced a forthcoming change in its board leadership. Keith Edelman, the current Chair of the company, will step down from his role after the company’s Annual General Meeting (AGM) in May 2025. This decision follows the company’s recent property disposal transactions, which have successfully brought the group to a net cash position.
Edelman has served as a Director for six years and has contributed significantly to Headlam’s strategic progress and transformation plans. The Board has expressed gratitude for his service as both Non-Executive Director and Chair and has extended best wishes for his future endeavors.
The Board has confirmed that Stephen Bird will succeed Edelman as Chair of the Company and its Nomination Committee, effective from the AGM in May 2025. Bird, who is expected to stand for re-election at the same AGM, brings a wealth of experience to the position, having held senior roles in several companies, including Videndum plc, Dialight plc, Weir Oil & Gas, Danaher Corporation (NYSE:DHR), Black & Decker, and Technicolor Group.
Chris Payne, Chief Executive Officer of Headlam, thanked Keith Edelman for his extensive contribution and welcomed Stephen Bird as the next Chair. Payne is looking forward to working with Bird and the Board as they continue to implement the company’s transformation plan over the next two years.
This announcement adheres to the UK Listing Rule 6.4.6, with no additional disclosures required under LR6.4.8 or LR6.4.10. The information is based on a press release statement and does not contain any inside information as defined by Market Abuse Regulation.
Headlam has been operating for over 30 years and is known for providing a comprehensive range of products and market-leading services to a diverse customer base, including independent and multiple retailers, contractors, and housebuilders, across the UK and Continental Europe. The company emphasizes its commitment to customer service through extensive product range, expertise, ecommerce, marketing support, and prompt delivery services.
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