UK
Johnson Service Group (JSG), the UK textile rental provider, has confirmed that the group remains on track to deliver management expectations for the year, in an AGM statement issued on 3 May 2018. JSG also announces that Paul Moody (main picture) has given notice that he is to resign from his position as non- executive chairman and will leave the group on 3 August 2018.
The current senior independent director, Bill Shannon (pictured below), will be appointed as non-executive chairman with effect from 3 August 2018. In the meantime, the board will commence a search for a new non- executive director who has the relevant experience to assist in the further development of the group’s strategy.
Paul Moody said: “Following substantial growth in 2017, year to date trading has been strong reflecting both an encouraging underlying performance together with the benefit of acquisitions over the last twelve months. We expect the full year results for 2018 to be slightly ahead of current market expectations.”
Moody continued: “It has been a privilege to have been part of the Johnsons family for over eight years, the last four as Chairman. Under Chris Sander’s leadership, the business has performed spectacularly well. The strategy that he and the Board have defined is clear and will continue to drive strong operational and financial performance; combined with the seamless transition from Chris to Peter Egan as CEO, I am confident that a positive future for the business is assured. Now is the right time for me to step away as I consider new opportunities.”
Chris Sander, 
chief executive officer, said: “As a member of the board, and for the last four years as chairman, Paul has made a valued contribution to the development of our strategy. During this time, we have experienced significant growth and become a market leader in textile services in the UK. The board thanks him for his support to the Executive in pursuing their aims and ambition for the company and wishes him well in whatever he chooses to do.”
