Following on from the takeover bid undertaken by an affiliate of Coliseum Capital Management, LLC (Coliseum) late last year when Coliseum and its affiliates increased their total shareholding in The PAS Group Limited to 45.81%, various changes to the PAS Board have taken place. The Chairman, Mr. Rod Walker, announced the appointment of two new Directors, Mr. Adam Gray and Mr. Matthew Lavelle, to its Board effective February 23, 2016. Mr. Gray joins PAS as a Non-Executive Director and a member of the Nomination and Remuneration Committee.

Mr. Gray is a co-founder and Managing Partner of Coliseum, and brings extensive investment, operating and board credentials to the company. Mr. Gray currently serves on the boards of New Flyer Industries, Blue Bird Corporation, Redflex Holdings, Rocket Dog Brands and USI Inc. Mr. Lavelle joins PAS as a Non-Executive Director and a member of the Audit and Risk Committee. Mr. Lavelle has substantial investment management experience and is an investment analyst at Coliseum.

Mr. Walker also announced that Ms. Jacquie Naylor and Mr. David Fenlon have stepped down as Non-Executive Directors.