Billington Holdings Plc (LON:BILN), one of the UK’s leading structural steel and construction safety solutions specialists, has announced the appointment of Olivier Aebi as a Non-Executive Director and the resignation of Alexander Ospelt as a Non-Executive Director, with effect from 27 August 2026.
Appointment: Olivier Aebi
Olivier has over 25 years’ experience of holding leadership positions primarily within international engineering and consulting engineering entities. He has extensive experience in the buildings, energy, transport infrastructure and construction engineering sectors, with a focus on sustainability, energy efficiency, hydropower and renewable energy.
He is CEO of Gruner AG, a leading consulting engineering and design company, based in Switzerland with global operations, offering a range of services to private and public clients in the buildings, industrial, infrastructure and energy sectors.
Olivier joins Billington as a representative of the Company’s shareholder, Gutenga Stiftung Lichtenstein Foundation, which holds approximately 19.4% of the Company’s issued share capital.
Stepping down: Alexander Ospelt
Following his election as President of the International Ski and Snowboard Federation (“FIS”), Alexander steps down as a Non-Executive Director and representative of shareholder, Gutenga Stiftung Lichtenstein Foundation.
Ian Lawson, Non-Executive Chair of Billington, said:
“I am delighted to welcome Olivier to the Board. He brings considerable international experience and expertise, and we look forward to his input and support in assisting the Group to achieve its growth objectives.
On behalf of the Board, I express my gratitude to Alexander for his dedicated service and contribution to Billington during his 13-year tenure and wish him every success in his role as FIS president.”
The following information is required to be disclosed under Rule 17 and Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of Olivier Aebi:
| Full name: | Olivier Alexander Johannes Aebi |
| Age: | 58 |
| Shares or options held in the Company: | Olivier Aebi is a representative of, and a member of, the Foundation Council of Gutenga Stiftung Lichtenstein Foundation, which holds 2,586,866 ordinary shares in the Company representing approximately 19.4% of the total number of issued shares in the Company. Olivier Aebi holds no ordinary shares or options in the Company |
| Current directorships: | Finanzierung stiftung der Gruner (Gruner Funding Foundation)Gruner AG (together with other Gruner AG subsidiaries/group companies)Zonat LTDHyposound AGStiftung FHNWSuisse. Ing (Swiss Association of Consulting Engineering Firms)Gutenga Stiftung Lichtenstein Foundation |
| Historic directorships in previous 5 years: | Roncadelle Operations srlTolent PLC |
Olivier Aebi was a director of Tolent PLC, a construction and property development group, until its dissolution on 19 May 2024 and therefore remained a director throughout the period of its administration. Tolent PLC entered administration on 13 February 2023 and was subsequently dissolved on 19 May 2024, with an estimated deficiency as regards preferential creditors of approximately £1.5 million and as regards unsecured creditors of approximately £10.9 million. Mr Aebi was not a director of any of the Tolent PLC subsidiary companies, certain of which remain subject to ongoing insolvency processes; these insolvencies are expected to conclude with significant losses to creditors.
