Grafton Group

Board/Management Information • Mar 7, 2013

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RNS Number : 4295Z

Grafton Group PLC

07 March 2013

Grafton Group plc

Retirement of Directors

7 March 2013

Grafton Group plc, the builders merchanting and DIY Group with operations in the UK, Ireland and Belgium, announces that Colm ó Nualláin, Finance Director, will retire from Grafton in January 2014 having reached the age of 60.  Colm joined Grafton in 1989 and was appointed to the Board as Finance Director in 1990.

Michael Chadwick, Chairman of Grafton Group plc commented:

"Colm has made a unique contribution to the development of Grafton since 1989.  During this period the business has developed from a small Irish base to its current status as an international building materials Group with a substantial market capitalisation.  The Board recognises the breadth and quality of Colm's contribution to the growth and financial strength of the Group over a long and distinguished career.  We offer Colm our very best wishes for the future."

The Board has initiated a search for a successor and a further announcement will be made in due course.

Grafton has also been advised by Richard Jewson of his intention to stand down from the Group Board after 18 years of service as a non-executive director.  He will therefore not be seeking re-election at the Group's Annual General Meeting.

Commenting on his decision, Michael Chadwick, said:  "Richard has been a non-executive director of Grafton Group plc since 1995 and has made a very substantial contribution to the Board.  His wisdom and advice have been of great benefit to the Group.  On behalf of the Board I thank him for his distinguished service and offer him our best wishes for the future."

For further information please contact:

Grafton Group plc (+353 1 2160600)

Gavin Slark                Chief Executive Officer

Colm ó Nualláin         Finance Director

Murray Consultants (+353 1 4980300)

Joe Murray

This information is provided by RNS

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