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PZ Cussons Plc - Board changes

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PZ Cussons Plc

Board changes

PZ Cussons plc ("PZ Cussons" or the "Company"), a leading consumer products group, has announced today the appointment of a new Chief Executive Officer with effect from 1 May.

The Company also announces the appointment of Jeremy Townsend as a Non-executive Director with effect from 1 April. Jeremy is currently Chief Financial Officer of Rentokil Initial plc but is due to retire later this year. An experienced FTSE100 finance director, he was previously Group Finance Director of Mitchells & Butlers and held senior finance positions at Sainsbury's after starting his career with Ernst & Young. He is also a former Accounting Council Member of the Financial Reporting Council. Since 2017, he has been a Non-executive Director and Chair of the Audit Committee for Galliford Try plc. On appointment, Jeremy will join the Audit & Risk Committee. 

Jez Maiden, who has served the Board as a Non-executive Director since 2016, has advised the Company of his intention to step down on 31 May 2020. He will be succeeded as Chair of the Audit & Risk Committee by Jeremy Townsend.

Caroline Silver, Chair of PZ Cussons, said:

"We are pleased to welcome Jeremy Townsend to the Board. He has been part of a highly successful executive team at Rentokil Initial and is also an experienced Non-executive Director and Audit Chair. His appointment will further strengthen the Board and he will be an able replacement for Jez Maiden as Chair of the Audit & Risk Committee when he retires later this year. 

I would also like to thank Jez for his years of service to the Board and for the significant contribution which he has made to the effective operation of the Audit & Risk Committee."

There are no further details in respect of Jeremy Townsend requiring disclosure under Listing Rules 9.6.13(2) to 9.6.13(6) inclusive.