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Safestyle appoints Alan Lovell as chairman

By Michele Maatouk

Date: Monday 16 Jul 2018

Safestyle appoints Alan Lovell as chairman

(Sharecast News) - Bradford-based double glazing group Safestyle has appointed turnaround specialist Alan Lovell as its new chairman.
Lovell has held numerous listed company directorships, both executive and non-executive. He has been the non-executive chairman of Flowgroup since 2017, national chairman of the Consumer Council for Water since 2015, and was appointed as senior non-executive director at SIG in July.

In addition, he was appointed as a non-executive director and chairman of the Restructuring Committee of Carillion as part of an attempt to put together a rescue package for the company during its final weeks of trading.

Safestyle said Lovell has "a huge breadth of experience", including both strategic and complex situations, with a particular focus on companies undergoing turnaround or business improvement initiatives.

Lovell has been chief executive officer of six companies, most recently Tamar Energy Limited and Infinis Limited, both of which are in the waste-to-energy sector. He was also CEO at Dunlop Slazenger, Jarvis, Costain and Conder.

Senior non-executive director Chris Davies said: "I am delighted that Alan has agreed to join the board as chairman. His breadth of experience, both as a CEO and as a chairman, will be invaluable to the Board and Executive team and I am confident he will help to ensure we take advantage of the opportunities that will arise as the market returns."

Safestyle has had a rough ride of late, warning on profits last week for the third time this year as gross margins took a hit from higher digital marketing costs and sales commissions. The group had already issued profit warnings in February and April amid disruption from competitor SafeGlaze, which it has filed a legal claim against.

At 1035 BST, the shares were up 2.2% to 35.16p.

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