David Blackwood to be Chair of Connect Group PLC

David Blackwood is to be Chairman and non-executive director of Connect Group PLC as of next week.

Blackwood is to replace Gary Kennedy who is to step down as of close of play, 13th May after the company’s interim financial results on the day.

Kennedy oversaw the strategic review of the company that resulted in the sale of Tuffnells that took place at the beginning of this month.

Blackwood’s background is in finance, audit and risk, and holds non-executive director roles at Stobart Group, Dignity and Scapa. In previous roles he was CFO of Synthomer PLC for seven years, and has worked into the UK government as a member of the Cabinet Office Audit and Risk Committee.

Speaking of his decision to retire, Gary Kennedy said: “It has been a privilege to serve on the Connect Group board since March 2015 and, at a time of welcoming David to the Connect Group family, I would like to express my sincere appreciation to Connect Group’s colleagues for their unwavering support over these years. During my time, the Group has undergone a substantial restructuring of the Group’s activities, including significant portfolio rationalisation and the adoption of a prudent and disciplined approach to capital management. I acknowledge that, most recently, these have been challenging times for Connect Group but I leave with confidence that the executive team can now focus relentlessly and without distraction on the market in which its strong position and operational expertise can deliver greatest shareholder value.”

David Blackwood said: “I am very much looking forward to joining my new colleagues across Connect Group and the Board, and supporting them in the long term success of the Company and delivering shareholder value.”