Bonmarché Holdings plc: Section 430 (2B) of the Companies Act 2006 announcement regarding Beth Butterwick resignation

Wakefield, England, 2016-Aug-16 — /EPR Retail News/ — As announced on 27 June 2016, Beth Butterwick stepped down as Chief Executive of Bonmarché Holdings plc (“the Company” or “the Group”) with effect from 12 August 2016, and ceased to be an employee on the same date. The following information is provided in accordance with section 430 (2B) of the Companies Act 2006.

Mrs Butterwick will receive her salary and benefits, as outlined in the Group’s 2016 Directors’ Remuneration Report, up to this date. No further payments have been or will be made to Mrs Butterwick in connection with her resignation from office.

Mrs Butterwick was a participant in a Restricted Share Plan (“the scheme”) which had been put in place prior to the Company`s listing on AIM. Under the rules of the scheme, Mrs Butterwick had purchased 1,260,000 shares for a consideration of £104,000. The shares were subject to a vesting restriction whereby 20% of the shares vested annually over 5 years. The rules of the scheme provide that in the event of a participant tendering their resignation from the Company, any unvested shares must be sold back to the Company at the original purchase price. At the date Mrs Butterwick tendered her resignation, 40% of the shares were unvested. Accordingly, the Bonmarché Employee Benefit Trust will purchase on behalf of the Company, 504,000 shares for £41,760.

Full details of Mrs Butterwick’s remuneration in respect of the relevant part of the current financial year will be disclosed in the Directors’ Remuneration Report for the financial year ending 1 April 2017.

For all media enquiries please contact:

FTI Consulting

Email:  bonmarche.sc@fticonsulting.com
Call: +44 20 7831 3113

Source: Bonmarché Holdings plc

 

US Foods Holding Corp. announces the resignation of Timothy R. McLevish from his position on the Board of Directors

Rosemont, Ill, 2016-Jul-21 — /EPR Retail News/ — US Foods Holding Corp. (NYSE: USFD) announced today that Timothy R. McLevish has resigned effective immediately from his position on the Board of Directors after it was announced that he will become the Executive Chairman of Lamb Weston Holdings, Inc. upon the completion of its planned spinoff. Because Lamb Weston is a significant supplier to US Foods, McLevish would no longer qualify as an independent director.

The company also announced the election of two new members of the Board of Directors:

  • David Tehle retired in 2015 as Executive Vice President and Chief Financial Officer of Dollar General Corporation, a role he had held since 2004. Prior to Dollar General, he was Chief Financial Officer of Haggar Corporation. He is currently on the Board of Directors for Genesco and serves on the Board of Directors of Jack in the Box as an Audit Committee member and Finance Committee chair. David will serve as the new chairman of the Audit Committee for US Foods.
  • Court Carruthers spent 13 years in senior leadership roles at W. W. Grainger, Inc., most recently as Group President, Americas, where he was responsible for the company’s operations in the Americas, as well as eCommerce and technology innovation globally. He is currently a director and audit committee member of Ryerson Holding Corporation and serves on the board of multiple private companies, including Follett Corporation. Court is a CPA, CMA (Canada).

“We wish Tim all of the best in his new endeavor,” said Pietro Satriano, President and Chief Executive Officer of US Foods. “I’m pleased to welcome David and Court to the Board. Both bring public company and audit experience, as well as a wealth of business and finance expertise.”

About US Foods
US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 chefs, restaurateurs and foodservice operators to help their businesses succeed. With nearly 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. and generates approximately $23 billion in annual revenue.

Contact:

Lisa Lecas
Corporate Communications, US Foods
Office: 847-720-8243
Lisa.Lecas@usfoods.com

Source: US Foods Holding Corp.

Wesfarmers Chemicals, Energy & Fertilizers (WesCEF) announces the resignation of its Managing Director Tom O’Leary

Perth, Australia, 2016-Jun-29 — /EPR Retail News/ — Wesfarmers Chemicals, Energy & Fertilisers (WesCEF) Managing Director Tom O’Leary has resigned to take up the position of Managing Director and Chief Executive Officer of Iluka Resources Limited (ASX:ILU).

Wesfarmers Managing Director Richard Goyder congratulated Mr O’Leary on his new appointment and on his contribution to Wesfarmers in his 16 years with the Group. Mr O’Leary joined Wesfarmers in Business Development and later became its Executive General Manager, before being appointed Managing Director of Wesfarmers Energy in 2009 and Managing Director of the newly formed WesCEF the following year.

“Tom’s enormous contribution to Wesfarmers included playing very important roles in the integration of Hardwarehouse into Bunnings, following the takeover of Howard Smith Limited, in 2000 and in the acquisition of the Coles Group in 2007,” Mr Goyder said.

“More recently, he has led the growth and improved the performance of our chemicals, energy and fertilizers business, including the completion of the major expansion of our ammonium nitrate production, within time and budget, and implementing a significantly increased focus and improved performance in safety.”

Ian Hansen, currently Chief Operating Officer of WesCEF, will remain in that role and report to Rob Scott, Managing Director of the Wesfarmers Industrials division. The division houses WesCEF, Wesfarmers Industrial and Safety and Wesfarmers Resources.

Mr Hansen has been with Wesfarmers for more than 30 years and has been Chief Operating Officer of WesCEF since 2014. Prior to that, he was Managing Director of Wesfarmers Chemicals and Fertilisers from October 2007 until it merged with the Wesfarmers Energy division, after which he became Chief Executive Officer, Chemicals.

For more information:

Media
Cathy Bolt
Media and External Affairs Manager
+61 8 9327 4423 or +61 417 813 804
cbolt@wesfarmers.com.au

Investors
Aleksandra Spaseska General Manager, Investor Relations
+61 8 9327 4416
irelations@wesfarmers.com.au

Source: Wesfarmers