REG - Cake Box Holdings - Appointment of CFO

Cake Box HoldingsAnnouncement

21/10/2022 07:00

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RNS Number : 6373D  Cake Box Holdings PLC  21 October 2022

21 October 2022

 

Cake Box Holdings plc

("Cake Box" or the "Company" or the "Group")

 

Appointment of CFO

 

Cake Box, the specialist retailer of fresh cream cakes, is pleased to announce
the appointment of Michael Botha as Chief Financial Officer.  Michael is
working his notice with his current employer and will join Cake Box no later
than 10 April 2023.

 

Michael has worked in senior finance and commercial roles for a number of
franchise businesses over the last 20 years. He is currently Chief Financial
Officer for one of the largest franchise groups in the Domino's Pizza
Franchise system in the UK and Ireland, a role he has held since 2016.

 

Prior to his current role, Michael spent over 12 years at Domino's Pizza Group
plc as Commercial Director (2012 - 2016) and Group Financial Controller (2005
- 2012). He qualified as a Chartered Accountant in 1993 with PwC formerly
Coopers & Lybrand. It is expected that Michael will also join the board of
Cake Box as an executive director at the time of his appointment subject to
completion of the customary directorate appointment regulatory due diligence.

 

David Forth who was appointed as Interim Chief Financial Officer on 14 March
2022 will leave the Group when his contract expires in November 2022. Martin
Blair, Chairman of the Audit Committee will be overseeing the finance function
until Michael Botha joins the Group. During this period, Adam Batty,
Non-Executive Director, will temporarily assume Martin's responsibilities as
Chairman of the Audit Committee. A further update on Michael's commencement
date and proposed board appointment will be provided in due course.

 

Neil Sachdev, Non-Executive Chairman, said:

 

"We are delighted to have Michael joining the Cake Box Family to support our
continued growth and future ambitions. He brings extensive experience in
senior finance roles across a number of high profile franchise businesses, and
has a strong track record of overseeing the implementation of internal systems
and controls. Michael will further strengthen our Executive team through his
experience in Franchisee run corporates and good internal governance.

 

Michael Botha commented:

 

"Cake Box has a strong financial position and brand with a highly attractive
offering to customers, franchisees and shareholders. It has great growth
prospects and I'm looking forward to joining the community of entrepreneurial
franchisees and helping to make Cake Box a household name."

 

For further information, please contact:

 

 Cake Box Holdings plc                  Enquiries via MHP Communications

 Neil Sachdev, Non-Executive Chairman

 Sukh Chamdal, CEO

 Shore Capital                          +44 (0) 20 7408 4090

 Stephane Auton

 Patrick Castle

 MHP Communications                     +44 (0) 20 3128 8570

 Simon Hockridge                        cakebox@mhpc.com

 Pete Lambie

 

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