Dewhurst promotes John Bailey to group CEO

12th Jul 2022 16:44

(Sharecast News) - Lift, transport and keypad components manufacturer and supplier Dewhurst Group announced the appointment of John Bailey as its new chief executive officer on Tuesday, from 1 October.

The AIM-traded firm said Bailey is an existing board member, and is managing director of its A&A Electrical Distributors business.

Alongside his appointment, David Dewhurst would stand down as group managing director and would take up an executive role as strategic advisor.

The company confirmed that members of its board of directors would remain unchanged.

"John is a strong and strategic leader whose people and customer centric focus combined with his commercial experience make him ideally suited to lead the growth and future success of Dewhurst," said group chairman Richard Dewhurst.

"John will be well supported by David Dewhurst in his new role of strategic advisor, who together with the group board, will ensure a smooth transition.

"On behalf of the board, I would also like to take the opportunity to thank David for his significant contribution to the company during his time as group managing director."

Prior to joining Dewhurst in 2008, Bailey worked in senior commercial roles for "leading manufacturers" in the building products sector.

In his 15 years with Dewhurst Group, he led its TMP and A&A businesses as managing director, and played a "key role" at group board level in the development of its businesses, both in the UK and overseas.

"I am delighted to be appointed as Dewhurst Group CEO as we continue to navigate the global challenges of supply chain and cultural change whilst maintaining a clear mandate for organic and strategic growth," John Bailey said of his appointment.

"Embedding sustainability, developing our people, sharing best practice and building resilience into our businesses will also be key areas of focus.

"The business has a strong board and a highly experienced team leading our dedicated and skilled people worldwide."

At 1436 BST, shares in Dewhurst Group were up 1.3% at 1,089p.

Reporting by Josh White at Sharecast.com.