Former Kelda FD takes Tyman chair

THE FORMER group FD of Kelda is to become the next group chairman of Tyman, a supplier of engineered door components.

Chartered accountant Martin Towers, who was group FD of Kelda from 2003 to 2008, will replace Jamie Pike as Tyman group chairman next May.

Pike is to step down once the company has held its AGM next May after seven years, due to his growing portfolio of commitments, the company said in a statement.

Towers, currently the group’s senior independent director and chairman of the group’s audit committee, has been appointed chairman designate and will replace Pike as non-executive chairman after the AGM.

Towers has held numerous senior executive and non-executive posts at retailer Ward White group, McCarthy & Stone, The Spring Ram Corporation and Allied Textile companies. He was non-executive director at Homestyle group from 2004 to 2006 and at KCOM group from 2009 to 2015. Towers is currently non-executive at RPC group and chairman at Norcros.

An announcement regarding a successor to Towers will be made in due course, the company said.

Towers said: “On behalf of the board I would like to thank Jamie for his commitment to Tyman over the past seven years, a period during which the group has made considerable progress.  I am delighted to have been invited to become chairman and I look forward to working with the executive team to continue to develop and grow the group.”