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All change at Restore

December 13, 2018

The UK-based office services provider has announced changes to its Board of Directors.

After a decade at the helm, Chief Executive Charles Skinner has notified the Board of his decision to retire, effective from March 31 2019. His successor will be Charles Bligh, who will join the Board on March 11 and step up to CEO on April 1.

Bligh was most recently Chief Operating Officer and main board director at TalkTalk Telecom Group plc, having joined the company in 2011. He previously spent 20 years at IBM Corporation in various countries, culminating in his role as Vice President, Commercial Sector in UK and Ireland. He graduated from the University of Melbourne in 1989.

Chairman of Restore Martin Towers said paid tribute to the outgoing CEO, saying: “”Charles Skinner has been instrumental in transforming Restore from a shell company into one of the most successful constituents of AIM and an important and exceptionally well-positioned provider of UK office services. I would like to thank him on behalf of the Board for his enormous contribution over the past 10 years.”

 “I am delighted that we have secured Charles Bligh as our new Chief Executive and believe he is exactly the right person to build on Charles Skinner’s legacy and to take advantage of Restore’s platform for further growth,” Towers added.

Restore has also announced the appointment of Susan Davy as a Non-Executive Director, with effect from January 1. Davy has been Chief Financial Officer at Pennon Group plc since 2015, having previously served as Finance and Regulatory Director at South West Water. From 1 April 2019 she will become Chair of the Audit Committee, taking over the role from Stephen Davidson, who will step down from the Board on that date after having served for five years.

Chairman Towers said he was “delighted” to welcome Davy to the Board, and said he was looking forward to working with her.

He added: “Stephen Davidson will be much missed for his wise counsel and incisive contributions and we wish him well for the future.”

Sharon Baylay, currently Chair of the Company’s Risk Committee, has additionally assumed the role of Senior Independent Director (“SID”) with immediate effect. Sharon is the Company’s first SID.

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