StockMarketWire.com - Grafton Group has confirmed that Michael Roney succeeded Michael Chadwick as non-executive chairman with effect from 1 January.

Grafton had announced on 31 March that Chadwick would be retiring as chairman and non-executive director and that Roney had been appointed chairman designate.

Roney said: "We wish Michael Chadwick continued success in the future and thank him sincerely for his remarkable contribution and legacy to Grafton over 41 years including 26 years as executive chairman and for his excellent stewardship of the board as non-executive chairman for the last five and a half years."

Chadwick added: "I am delighted that the Board has chosen Mike Roney to succeed me as Chairman. His outstanding track record during a ten and a half year tenure as Chief Executive of Bunzl plc and his international business experience demonstrate that the Board will benefit in the years ahead from his strategic insights and leadership skills."



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