Booker Group PLC Board Changes (2515J)
April 02 2015 - 2:00AM
UK Regulatory
TIDMBOK
RNS Number : 2515J
Booker Group PLC
02 April 2015
For Immediate Release
2 April 2015
Booker Group Plc ('Booker')
Board Changes
Booker Group announces that Richard Rose, having served three
terms of three years each, as Chairman of Blueheath Holdings
("Blueheath") and then Booker Group Plc*, in accordance with
corporate governance best practice will be stepping down as
Chairman at the AGM on July 8(th) 2015.
Charles Wilson, Booker Chief Executive said:
"Richard has been a superb Chairman. Booker Group has come a
long way in the past few years and Richard has done a great job of
building and chairing the Board. We wish him all the very best in
the future."
The process to find the new Chairman is underway and Booker
Group expect to announce Richard's successor before the AGM.
Booker Group additionally announces that Mark Aylwin has decided
to leave Booker to pursue other opportunities. He was responsible
for the Booker Direct, Chef Direct and Ritter Courivaud
businesses.
Charles Wilson, Booker Chief Executive said:
"We are very grateful to Mark for his contribution to the Booker
Group. Mark joined with acquisition of Blueheath in 2007, developed
our Booker Direct business and helped found Chef Direct. We wish
Mark all the very best for the future."
Rather than replacing Mark we have decided to embed the
strengths of Booker Direct, Ritter Courivaud and Chef Direct into
the wider Group structure. As a result, following Mark's departure
Booker Direct will become part of the Group Retail structure
reporting to Steve Fox. Chef Direct will become part of Group
Catering reporting to Stuart Hyslop. Ritter Courivaud will be
chaired by Dominic Morrey who runs our Fresh business. These
changes will help take the benefits of Booker Direct, Chef Direct
and Ritter Courivaud to our national accounts, branch accounts and
independent catering and retail customers.
*Booker reversed into Blueheath Plc in July 2007
Further Information:
The following statement is made pursuant to section 430(2B) of
the Companies Act 2006 in connection with Richard Rose.
No payments will be made to Richard Rose on his retirement as
Chairman.
The following statement is made pursuant to section 430(2B) of
the Companies Act 2006 in connection with Mark Aylwin.
Mark Aylwin has stepped down as Managing Director, Booker Direct
and as an Executive Director of Booker Group plc with effect from 1
April 2015. Mark Aylwin will remain an employee of the Group until
1 January 2016 when his employment will terminate. Mark Aylwin will
assist the Company with an orderly transition and handover of
responsibilities, and will continue to receive his base salary and
contractual benefits in full, until 1 January 2016.
Mark Aylwin will be entitled to receive a bonus in respect of
the year ended 27 March 2015, which will be calculated by reference
to the performance targets that apply to the 2014/15 bonus plan and
will be paid in the normal way in July 2015. He will not be
entitled to any bonus payment in respect of the 2015/16 financial
year.
Awards granted under the Booker Group Performance Share Plan
2008 will continue to vest during Mark Aylwin's notice period but
all unvested awards will lapse on the date his employment
terminates.
These arrangements are in line with the Remuneration Policy
approved by shareholders at the 2014 AGM. Details of the actual
payments made will be disclosed in the relevant Directors'
Remuneration Report.
For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)
020 7353 4200
Susanna Voyle / Will Smith
ENDS
This information is provided by RNS
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