Appointment of Chief Financial Officer
SIG plc announces the appointment of Simon Kesterton as its new Chief Financial Officer and Executive Director, effective May 1, 2026, succeeding Ian Ashton. Kesterton joins with over 20 years of experience, most recently as CFO of Kier Group plc. His remuneration package includes a base salary of £500,000, a 5% pension allowance, an annual bonus opportunity, an initial Restricted Share Unit award of 125% of base salary, and a one-off recruitment RSU award of 100% of base salary, subject to shareholder approval at a General Meeting expected around May 22, 2026. Kesterton also intends to acquire SIG shares valued at approximately £250,000 within six months of his appointment.
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The Board of SIG is pleased to announce the appointment of Simon Kesterton as the Company's new Chief Financial Officer and an Executive Director, with effect from 1 May 2026.
Simon is a highly experienced CFO who has successfully operated at C-suite and Board level within complex multi-billion revenue organisations across multiple end markets. He has a track record across more than 20 years of implementing transformational strategic change and delivering market leading organic and inorganic growth. From 2019 until December 2025, Simon was CFO at Kier Group plc, a leading provider of construction, infrastructure and property developments in the UK. Prior to that, he served for six years as CFO at RPC Group plc, during Pim Vervaat's tenure as CEO. Simon also serves as a Non-Executive Director and Chair of the Audit Committee of AIM-listed Mpac Group plc, a provider of global packaging and automation solutions.
This appointment follows the announcement on 10 April 2026 that the Company had received notice from Ian Ashton of his resignation as CFO. Assuming that shareholders approve the resolution to be proposed at the General Meeting expected to be held on or around 22 May 2026, which is required for the reason set out in the notes to this announcement below, Ian will remain with the Company to support a smooth and orderly transition to Simon as incoming CFO until the end of May when Ian will step down as a Director and leave SIG.
Commenting on Simon's appointment, SIG's Chief Executive Officer Pim Vervaat said: "The Board is delighted to announce that Simon has agreed to join SIG as its CFO. He has demonstrable experience of improving businesses to deliver shareholder value. The Board looks forward to working with Simon on SIG's growth and development."
Save as set out below, there are no other disclosures required in respect of the appointment of Simon Kesterton pursuant to UKLR 6.4.8 (1) to (6).
| SIG plc | +44 (0) 114 285 6300 |
| Andrew Allner | Chair |
| Pim Vervaat | Chief Executive Officer |
| FTI Consulting | +44 (0) 20 3727 1340 |
Richard Mountain
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