Tyman announced that Jo Hallas has decided to step down as Chief Executive Officer and Director of Tyman with effect from April 6, 2023, by mutual agreement with the Board. The Group's Chief Financial Officer, Jason Ashton, will act as interim Chief Executive Officer with effect from 6 April 2023 and will continue to carry out Tyman's strategic vision to deliver shareholder value until a permanent Chief Executive Officer is appointed. Tyman's strong devolved divisional structure, led by experienced management teams, will ensure continued focus on delivering its financial targets and strategic priorities.

The process of recruiting Jo's successor will be led by the Nominations Committee. Jowill remain available to the Group over the next 12 months, as required, to ensure an orderly handover. Consistent with the Group's 2022 final results announcement published on 2 March 2023, trading continues to be in line with the Board's expectations.

The Group will publish a trading update with its Annual General Meeting on 18 May 2023.