Topps Tiles lines up Paul Forman as chair designate
The firm said Forman is an experienced director of both listed and private equity-backed businesses, gained in a variety of executive and non-executive roles
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Topps Tiles has announced the appointment of Paul Forman as an independent non-executive director and chair designate of the company.
The news comes as its current chair, Darren Shapland, is now in his ninth year and, therefore, nearing the end of his maximum term under the UK Corporate Governance Code.
Forman will join the board of directors of Topps on 1 July 2023, to allow for an “orderly transition of responsibilities”, and he will succeed Shapland as chair at the start of the company’s new financial year on 1 October 2023, at which point Shapland will retire from the board.
The firm said Forman is an experienced director of both listed and private equity-backed businesses, gained in a variety of executive and non-executive roles.
His experience includes chief executive roles at three FTSE250 businesses: Essentra PLC, Coats Group PLC and Low and Bonar PLC. He is also a former non-executive director of Brammer PLC. He is currently senior independent director at Tate and Lyle PLC and chair designate at FSI, the private equity-backed flavours and fragrances business.
Shapland said: “I’m delighted that we have secured an individual of Paul’s calibre as Chair Designate. His strong track record, both as a PLC executive and non-executive, will be of great benefit to Topps as the business builds on its market leadership position and continues to develop and expand in the years ahead.
“Paul will be a strong addition to the Topps team and I look forward to working with him on an orderly handover of responsibilities in the coming months.”
Forman added: “Topps is a business with a clear strategic focus and a strong proposition for both consumer and trade customers.
“The group has come through the pandemic in good shape, with a robust balance sheet and a strong executive team, and the opportunities ahead are exciting as it continues to grow its share of the UK market for tiles and associated products. I look forward to working with the Board and the senior management team as we build on these strong foundations.”
