RNS Number : 2736J
Marlowe PLC
04 December 2018
 

4 December 2018

 

Marlowe plc

 

Appointment of Chairman Designate

 

Marlowe plc ("Marlowe" or the "Group" or the "Company"), the support services group focused on acquiring and developing companies that provide critical testing and maintenance services, announces the appointment of Kevin Quinn to the Board as a Non-Executive Director and Chairman Designate. Kevin joins the Board with immediate effect and will assume the role of Chairman on 1 April 2019 upon the planned retirement of Derek O'Neill at the conclusion of the Group's current financial year.

 

Kevin has extensive experience of the FTSE 250 support services sector, gained through his 13-year tenure as Chief Financial Officer at Berendsen plc, a leading European textile service business, where he played a significant role in its growth from a market capitalisation of less than £700 million during 2005 to a total implied equity value of approximately £2.2 billion as part of its sale to Elis SA in 2017. Prior to Berendsen, Kevin held a number of senior finance roles at Amersham plc and was previously a partner at PriceWaterhouseCoopers. He is currently a Non-Executive Director and Chair of the Audit Committee at Benchmark Holdings plc.

 

Alex Dacre, Chief Executive, commented:

"We are delighted to welcome Kevin to the Board of Marlowe. His significant public company experience and role in building one of the UK's leading support services businesses will be especially valuable to the Group. On behalf of the Board, I would like to take this opportunity to thank Derek O'Neill for his support and guidance through Marlowe's listing and subsequent strong growth and wish him well for the future."

 

Kevin Quinn commented:

"I look forward to working closely with the Board and the executive team in continuing to deliver the Group's strategy. Marlowe is strongly positioned for further growth, and I welcome the opportunity to make a significant contribution to the business."

 

For further information:

 

Marlowe plc

www.marloweplc.com



Alex Dacre, Chief Executive

Tel: +44 (0) 203 813 6194

Mark Adams, Group Finance Director

IR@marloweplc.com



Cenkos Securities plc (Nominated Adviser and Broker)



Nicholas Wells

Tel: +44 (0)20 7397 8900



FTI Consulting


Nick Hasell

Tel: +44 (0)20 3727 1340

Alex Le May




 

About Marlowe plc

Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses that provide critical testing & maintenance services in the UK.  It is focused on fire protection, security systems, water treatment and air quality services - which are essential to its customers' operations and invariably governed by regulation, and where customers require a single specialist outsourced provider with nationwide coverage. Our customers can be found on most high streets, in office complexes and industrial estates, and include SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

 

Appendix

 

Full name (age)

Kevin Quinn (58)

 

Current directorships:

Benchmark Holdings Plc

 

Previous directorships (in last five years):

Acorn Services (North West) Limited

BDF Healthcare Ltd.

BDF Holdings Limited

BDF Limited

Berendsen A/S

Berendsen Finance (DKK) Limited

Berendsen Finance (Euro 2 ) Limited

Berendsen Finance (Euro) Limited

Berendsen Healthcare Limited

Berendsen Hospitality Limited

Berendsen Limited

Berendsen Nominees Limited

Berendsen Textil Service AB

Berendsen UK Limited

Berendsen Workwear Limited

Camborne-Redruth Laundry Company Limited

Cavendish Laundry Limited

Charnwood Laundry Limited

Combined Linen Service Limited

Davis (BIM) Limited

Davis (FH) Limited

Davis (JH) Limited

Dunfermline And West Fife Laundry, Limited

Eamont Vale Laundry And Cleaners Limited

Fabricare Limited

Fakenham Laundry Services Limited

Hall & Letts Limited

IH Decontamination Services (Cardiff) Limited

IHSS Limited

Lakeland Pennine Group Limited

Lakeland Pennine Limited

Laundrycraft Limited

Lizard And District Hygienic Steam Laundry Company, Limited (The)

M Furnishing (Ireland) Limited

M Furnishing Group Limited

Midland Laundry Group Holdings Limited

Midland Laundry Group Limited

Mitre Linen Limited

National Sunlight Laundries Limited

New Wave Laundries Limited

Rocialle Limited

S Berendsen AB

Salop Textile Solutions Limited

Society Linen Limited

Spring Grove Services Group Limited

Spring Grove Services Limited

St. Helens Laundry Limited

Sunlight (72078) Limited

Sunlight (Lyndale) Limited

Sunlight (New Era Linen) Limited

Sunlight (Newbury) Limited

Sunlight Clinical Solutions Limited

Sunlight Service Group (Shop Investments) Limited

Sunlight Services Limited

Sunlight Textile Services Limited

Sunlight Workwear Services Limited

The Business Services Association

The Davis Service Group Limited

The Sunlight Group Limited

The Sunlight Service Group Limited

West Kent Laundry Limited

 

As at today's date, Mr Quinn does not hold any ordinary shares in the capital of the Company.

 

There are no further disclosures pursuant to Schedule 2(g) of the AIM Rules for Companies to be made in respect of Mr Quinn's appointment.


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