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MITIE Group PLC - Directorate Change

RNS Number : 4399U
MITIE Group PLC
18 January 2017
 

18 January 2017

Mitie Group plc

 

Board changes

 

Mitie Group plc ("Mitie"), the facilities management and consultancy business, today announces succession plans for the position of Group Finance Director.

 

Over 12 months ago the Board commenced a detailed review of its succession plans and Suzanne Baxter requested that the role of Group Finance Director be considered as a part of that process.  Following the recent appointment of Phil Bentley as Chief Executive Officer, the Board can now announce that Suzanne will step down as Group Finance Director of Mitie and from the Board on 10 February 2017. The Board is pleased to announce that Sandip Mahajan has been appointed to succeed her in the role. Sandip joins Mitie today, and will assume the position of Chief Financial Officer and be appointed to the Board on 10 February 2017.

 

Suzanne will provide on-going support to the Board and the incoming CFO as required to ensure an effective transition of responsibilities as Mitie approaches its year end.

 

Sandip brings a wide range of financial and accounting experience, including most recently at Balfour Beatty PLC, where he served as Group Director of Finance from 2013-16 and held other roles in project and structured finance in the successful Investments Division from 2005 - 2013.  He was previously at Ernst & Young and British Airways Plc. Sandip is a Fellow of the Institute of Chartered Accountants in England & Wales and holds an LLB honours law degree from Leicester University.

 

Roger Matthews, Chairman of Mitie, said:

"I would like to thank Suzanne for the significant contribution she has made to Mitie over the past 11 years. Since her appointment as Group Finance Director in 2006 she has been a key architect of the successful growth throughout this period and in transforming the capability of the FM business to be a market leader in the UK.  On behalf of the Board, I wish Suzanne every success for the future."

 

Phil Bentley, CEO of Mitie, said:

 

"I would like to offer my thanks to Suzanne for her support during the transition, and I wish her the best for the future.  I am delighted that Sandip is joining Mitie. He brings a wealth of experience in financing and in improving the operational performance of long term contracts.  I am sure he will make a significant contribution to Mitie and I look forward to working with him."

 

Sandip was a director of Balfour Beatty Finance No. 2 Ltd from 5 November 2013 until 30 September 2016.  It is confirmed that there are no further details to be disclosed pursuant to LR 9.6.13R.  

 

 

 

-Ends-
 

This announcement includes inside information.

 

 

 

For further information, contact:

John Telling

Group Corporate Affairs Director, Mitie Group plc

T: +44 (0) 203 123 8673                   M: +44 (0) 7979 701 006 E: [email protected]

 

Lauren Hepburn

IR & PR manager, Mitie Group plc

T: +44 (0) 203 123 8720                   M: +44 (0) 7469 405         E: [email protected] 

 

 

Notes for editors

 

Who are Mitie?

Mitie are a FTSE 250 business providing facilities management, consultancy, project management and a range of specialist services that connect people with innovation and technology - helping our clients create better places to live and work.

We work in partnership with organisations to deliver long-term value, offering a wide range of services - from real estate and energy consultancy, compliance, risk assessment and security systems to cleaning, catering and environmental services. We manage and maintain some of the nation's most recognised landmarks for a range of blue-chip public and private sector customers.
 

We're all about developing our people to excel every day, challenge the status quo, and inspire change.

Find out more at www.mitie.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Quick facts: MITIE Group PLC

Price: 86.1

Market: LSE
Market Cap: £315.08 m
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