– UK, Swadlincote – React Group PLC (LON: REAT), the leading specialist cleaning, hygiene, and decontamination company, today announced the appointment of Mark Braund as Executive Chairman effective immediately, succeeding Gill Leates who has stepped down as the Non-Executive Chairman to pursue other opportunities.
Gill has been Chairman and a director of REACT since March 2014 and worked with the Company through its reverse takeover in 2015 and subsequent periods of refocusing and restructuring.
The Board would like to thank Gill for her dedicated service to the Company over several years.
“I am delighted Mark Braund is joining the Board as Chair. The team and I have worked closely with Mark over the last nearly two-years; we value his insight and guidance; we share common values and goals along with ambitious plans to continue transforming and growing the business. My colleagues and I look forward to working with Mark in his new role.” said Chief Executive, Shaun Doak.
He added: “I would also like to thank Gill Leates for her commitment and service to the Company. Over the last 6-years, Gill has guided REACT through periods of challenge to emerge as the strong market-leading prospect it is today. We wish her well in her future endeavours.”
REACT has been focussed on building revenues and was pleased to report its first operating profit for the six months ended 31 March 2020. The Board believes there is an opportunity to scale the business through organic growth and carefully selected acquisitions focusing on markets where REACT has differentiation, access to higher margins and recurring income. Mark Braund’s experience of driving profitable and sustainable change in companies that have been through turnaround situations will be an important part of executing this strategy.
About Mark Braund
Mark has been working with REACT as an operational and strategic adviser since early 2019. He has a strong track record of leading teams through profitable change and materially improving shareholder value. Before setting up his own advisory practise, Mark was CEO of RedstoneConnect Plc, leading the team through a well-documented turnaround, the profitable sale of legacy assets and carve-out of an exciting software technology business, now known as Smartspace Software Plc.
For more information: https://www.reactsc.co.uk/
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