Lindsley Ruth stepped down as RS Group’s chief executive with immediate effect on 16 December 2022, citing personal reasons. CFO David Egan took over as acting CEO while the company searched for a permanent successor; Simon Pryce became CEO on 3 April 2023.
Why did Lindsley Ruth leave RS Group?
RS Group said Ruth was leaving for personal reasons. Its 16 December 2022 announcement did not attribute his departure to a performance or governance failure. The company had announced on 3 November 2022 that Ruth would take a leave of absence for personal reasons, with CFO David Egan assuming his duties during that period. RS Group’s 3 November announcement
In announcing his departure, Ruth said: “I am proud to have led RS Group for over seven years. We have come a long way, and while the time is right for me to step away, I could not be prouder to see the great people in this business outperform and pursue the opportunities ahead.”
Chair Rona Fairhead credited Ruth with leading “the turnaround of an underperforming business” and building a strong vision and purpose with the wider team. She also thanked him for his achievements on behalf of the board and company. RS Group’s 16 December 2022 announcement
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
#1 Best Overall
- we like to ship out right away
When did Ruth step down, and who led the company next?
Ruth’s departure as CEO took effect immediately on 16 December 2022. David Egan, then CFO, served as acting CEO while the board looked for a permanent successor. Egan was not appointed as the permanent CEO: Simon Pryce took the role on 3 April 2023, ending the acting-CEO period. RS Group Annual Report 2023
| Date | Leadership change |
|---|---|
| 3 November 2022 | Ruth began a leave of absence for personal reasons; Egan assumed his duties as well as continuing as CFO. RS Group announcement |
| 16 December 2022 | Ruth stepped down as CEO with immediate effect; Egan continued as acting CEO during the search for a successor. RS Group announcement |
| 3 April 2023 | Pryce became CEO. RS Group Annual Report 2023 |
What did RS Group later report about Ruth’s departure?
RS Group’s annual report for the year ended 31 March 2026 records that Ruth’s 2022/23 remuneration was prorated because he stepped down on 16 December 2022. That later reporting confirms the date; it does not change the reason the company gave at the time. RS Group Annual Report and Accounts 2026
Quick Recap
Best Value
Rank #4
- Author: Bungay Stanier, Michael.
- Publisher: Page Two
- Pages: 244
- Publication Date: 2016-02-29
- Edition: 1
Rank #3
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
