STV Group
plc
LEI:
21380075GOOTTBDNDJ58
1 May
2024
DIRECTORATE CHANGES
STV Group plc announces that, as
planned, Ian Steele has stepped down from the Board as
Non-Executive Director and Chair of the Audit & Risk Committee
at the conclusion of the Annual General Meeting today, having
served for more than eight years.
Following on with immediate effect,
Simon Miller, Senior Independent Director, is appointed as Chair of
the Audit & Risk Committee on an interim basis pending the
appointment of a successor to Ian Steele to be announced in due
course and Naomi Climer, Non-Executive Director and Chair of the
Remuneration Committee, is appointed to the Nomination
Committee.
Following the announcement earlier
this year that Simon Pitts will step down from his role as Chief
Executive Officer to take up a new appointment beginning in Q1
2025, it is confirmed that he will leave the business on 1 November
2024. Until his departure Simon continues to be focused on
the delivery of the Company's strategy and targets and on ensuring
the effective transition of his responsibilities.
The process to appoint a successor
is underway and a further update will be issued in due
course.
This announcement is made pursuant
to Listing Rule 9.6.11 and LR
9.6.12.
Paul Reynolds, Chairman, said:
"I
would like to thank Ian for his outstanding contribution as a
member of the Board. Ian's financial expertise, constructive
challenge and unstinting support have been invaluable to STV over
the past eight years.
"Following the announcement in March that Simon Pitts will
step down to take up a new appointment, it is confirmed that Simon
will leave on 1 November. Simon has been - and is - a
first-class CEO. He is the architect of the strategy
that has re-shaped STV so profoundly and effectively over the last
six years; but more than that he has shown the operational and
leadership skills to make an ambitious strategy happen. He leaves
with our gratitude and very best wishes for his new
role. The process to appoint a
successor to the CEO is underway and an update will be confirmed in
due course."
Enquiries:
STV Group plc: Kirstin Stevenson, Head of Communications
Tel: 07803 970 106
Camarco: Geoffrey Pelham-Lane, Partner
Tel: 07733
124 226
Ben Woodford,
Partner
Tel: 07790 653 341