NED & Chair of Audit & Risk Committee Appointment

SIG PLC

21 October 2026

 

LEI: 213800VDC1BKJEZ8PV53                                                                                                          21 October 2026

SIG plc
(the "Company" or "SIG")

Appointment of Non-Executive Director and Chair of Audit & Risk Committee

SIG is pleased to announce the appointment of Martin Towers FCA as an independent Non-Executive Director and Chair of the Audit & Risk Committee. Martin will join the Board on 1 November 2026 and will assume the Chair of the Audit & Risk Committee with effect from 1 January 2027. He will also be a member of the Nominations and Remuneration Committees. Martin will replace Shatish Dasani, who had previously informed the Board that he was looking to step down once a successor was appointed. Accordingly, Shatish will step down as a Non-Executive Director with effect from 31 December 2026, having served on the Board for just under six years.

In his non-executive career, Martin has previously been a director of several listed companies in various capacities. He was Chairman of Restore plc, Tyman plc and Norcros plc. He was Audit Committee Chair at KCOM plc, Spice plc and RPC Group plc, amongst others, and was also Senior Independent Director at RPC Group plc.

Martin is a qualified chartered accountant and his executive career included being a Board member and Group Finance Director of Kelda Group plc, the holding company of Yorkshire Water, which was at the time a member of the FTSE 100.

Martin's appointment follows a comprehensive search process conducted by a third party Board search firm.

Andrew Allner, Chairman, commented, "We are delighted that Martin has agreed to join the Board. He is a highly experienced Audit & Risk Committee Chair and he brings to the Board considerable sector experience of building products and distribution."

"On behalf of the Board, I would like to thank Shatish for his dedication and commitment since he joined SIG in February 2021 and for his valuable contribution in strengthening SIG's financial processes and risk management framework."

SIG plc		[phone]
Andrew Allner	Chairman
Pim Vervaat	Chief Executive Officer and Chair Designate
FTI Consulting		[phone]
Richard Mountain
Vicky Hayns

Notes

Martin Towers stepped down as a director of Restore plc on 31 October 2021. There are no further details to be disclosed in respect of UKLR 6.4.8 (1) to (6).

In accordance with section 430(2B) of the Companies Act 2006, the Company confirms that no remuneration payment will be made by the Company to Shatish Dasani after he ceases to be a Non-Executive Director of the Company. The Company also confirms that no payment for loss of office has been or will be made.

 

END