As noted in the Company's 2021 Annual Report, Richard Grant is standing down as Board Chairman, Nominations Committee Chairman and Director of the Company at the 2022 AGM. Following an internal recruitment process, Helical announced on 11 February 2022 the appointment of Richard Cotton as independent Non-Executive Chairman Designate. Subject to Shareholder approval of his re-election, it is intended that he will succeed Richard Grant as Chairman of the Board following the conclusion of the 2022 AGM in July.

Richard Cotton will also become Chairman of the Nominations Committee and step down from the Audit and Risk Committee. It is also proposed that Richard Cotton will hand over his duties as Senior Independent Director to Sue Clayton with effect from the conclusion of the 2022 AGM. Sue has been an Independent Non-Executive Director on the Board of Helical since February 2016.