Lok’nStore appoints Jeff Woyda to its Board as Independent Director alongside Andrew Jacobs stepping to Executive Chairman and Neil Newman as Managing Director

– UK, Farnborough –  Lok’nStore plc (LON: LOK), the fast-growing self-storage company, today announced the appointment of Jeff Woyda as an Independent Non-Executive Director with effect from 1 September 2020.

The board also announced the following changes, positioning the Group for its next stage of significant growth. With effect from 1 August 2020:

Neil Newman-Shepherd is promoted to Group Managing Director. Neil has worked in the self-storage industry since 2003 and with Lok’nStore since 2006. Neil has served on the Board since 2015 as Group Sales Director and will now take an increasing level of responsibility for the day to day operations of the business.

Andrew Jacobs will become Executive Chairman and will continue to manage the overall strategic direction and property aspects of Lok’nStore.

Simon Thomas steps down from his current role as Non-Executive Chairman and will continue to serve as a non-executive director.

Board chairman, Andrew Jacobs commented: “Neil Newman’s promotion to Managing Director is well-deserved and reflects in large part the reality of the way we run the business today. Neil’s part in the success of Lok’nStore over recent years has been significant and we look forward to his continued contribution to our future growth.

“I would like to express my thanks to Simon Thomas for his many years of support in the role of Chairman at Lok’nStore.

“Jeff Woyda’s appointment as an independent non-executive brings a wealth of knowledge and experience having held senior roles across multiple disciplines. He will be a valuable addition to the Board as we enter a new period of growth and I look forward to working closely with him.”

About Jeff Woyda

During his extensive and varied career, Jeff has held a number of senior executive positions and is currently CFO and COO of Clarkson plc, an FTSE 250 company and the world’s leading provider of integrated shipping services and investment banking capabilities to the shipping and offshore markets.

Jeff, a qualified accountant, has a strong background in finance and technology and brings to the table 30 years’ experience and knowledge of strategic development, financial management, investor relations and corporate governance.

Jeff Woyda commented: “Lok’nStore has created an impressive platform in the self-storage sector and I am excited to be joining the business at this next stage of its growth. I look forward to working with the Board and the executive team to maximise the opportunities that lie ahead.”

For more information: https://www.loknstore.co.uk/

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