Johnson Service Group PLC CEO Succession (6566P)
September 04 2017 - 2:00AM
UK Regulatory
TIDMJSG
RNS Number : 6566P
Johnson Service Group PLC
04 September 2017
4 September 2017
AIM: JSG
Johnson Service Group PLC
("JSG" or "the Group")
CEO Succession
JSG, a leading UK textile rental provider, announces that after
33 years with the Group, Chris Sander, Chief Executive Officer, has
informed the Board of his intention to retire from the Group in the
first half of 2018.
The Board has commenced a detailed process, both internally and
externally, to identify a successor who will continue the Group's
successful growth strategy. In order to ensure a smooth handover,
Chris remains flexible over the date of his retirement in the first
half of 2018 and will remain available to assist his successor in
the initial handover period. A further announcement regarding
succession will be made in due course.
Paul Moody, Chairman of JSG, commenting on the news, said:
"The Board makes this announcement with a degree of sadness. It
has been a genuine privilege to work with Chris; under his
leadership, JSG has made enormous progress.
"The Group has grown significantly in recent years, enlarging
its presence geographically and building its position in chosen
markets. Our strong platform of textile rental businesses is
supported by a highly committed and talented management team; the
Board continues to see significant opportunities for JSG in the
future."
Chris Sander, Chief Executive Officer, said:
"This has been one of the most difficult decisions that I have
had to make in my career as JSG has been part of my life for over
33 years. However, I will be retiring at a time when the Group is
in excellent shape and very well-placed for continued growth. My
successor will inherit a strong management team and devoted
employees. Their talents and efforts have been the bedrock of JSG's
success."
Enquiries:
Johnson Service Group
PLC
Chris Sander, CEO
Yvonne Monaghan, CFO
Tel: 020 3178 6378 (today)
Tel: 01928 704600 (thereafter)
Investec Investment Banking KTZ Communications (Financial
(NOMAD) PR)
David Flin Katie Tzouliadis
Matt Lewis Irene Bermont-Penn
Darren Vickers Emma Pearson
Tel: 020 7597 4000 Tel: 020 3178 6378
About Johnson Service Group PLC
www.jsg.com
Headquartered in Preston Brook, Cheshire, JSG provides textile
rental and related services across the UK.
Through its Apparelmaster brand, JSG is the leading supplier of
workwear and protective wear in the UK, clothing over 1.3 million
people a week. Through its Stalbridge, London Linen, Bourne,
Afonwen and PLS brands, the Group also provides premium linen
services for the hotel, catering and hospitality markets, and high
volume hotel linen services, processing approximately 8 million
items a week.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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