Van Elle : Non-Executive Succession

RNS Number : 1293C

Van Elle Holdings PLC

06 February 2020

6 February 2020

Van Elle Holdings plc

("Van Elle", the "Company" or "the Group")

AIM: VANL

Non-Executive succession

Van Elle Holdings plc, the UK's largest ground engineering contractor, today announces the following changes to the Board as part of its succession planning.

Having served on the Board of Van Elle since its IPO in October 2016, Adrian Barden, Non-Executive Chairman, has notified the Board of his intention to step down as a Director, at the sooner of the conclusion of the next annual general meeting or the appointment of his successor. Adrian has provided considerable support to the Company over the last three years, leading the Board through the implementation of the transformation programme and managing the transition to the new executive team.

Robin Williams, Senior Independent Non-Executive Director, who has also served on the Board since the IPO, has also indicated his intention to step down from the Board at the end of July, following the publication of the Company's results for the year ended 30 April 2020.

The Company is pleased to announce that Charles St John will be appointed to the Board on 24 February 2020 as Non- Executive Director. Charles has held several senior executive and non-executive positions spanning over 20 years. This experience covers a range of industries, including within the UK building products and services sectors. Until 2011, Charles was a senior partner at Cognetas and its predecessor firms, with significant involvement in the growth and development of its investee companies. On appointment, Charles will join the audit and remuneration committees.

The Company will commence a process to recruit an additional non-executive director, to join Charles and David Hurcomb and identify a successor to replace Adrian as Chairman. Further updates will be made as this process progresses.

Adrian Barden, Chairman, commented:

"I have been pleased to serve as chairman of the Van Elle Board since December 2016. With the benefits of the ongoing transformation programme led by Mark Cutler now being realised, I have decided that the AGM will be the appropriate time to step down, with the business on a firm footing for 2020 and beyond.

"On behalf of the Board, I would like to extend my thanks to all of my Board colleagues, and particularly to Robin who will leave Van Elle with our best wishes for the future.

"Along with Graeme Campbell, who we recently announced as the Company's new CFO, we are delighted to welcome Charles to the Board, and look forward to his contribution."