REG - Franchise Brands PLC - Appointment of Chief Financial Officer

Franchise BrandsAnnouncement

27/07/2023 07:15

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RNS Number : 3313H  Franchise Brands PLC  27 July 2023

27 July 2023

 

FRANCHISE BRANDS PLC

("Franchise Brands", the "Group" or the "Company")

 

Appointment of Chief Financial Officer

 

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise
business, is pleased to announce the appointment of Mark Fryer to the Board as
Chief Financial Officer ("CFO") with effect from 2 August 2023.

 

Mark Fryer is an experienced CFO with 25 years of public company and private
equity experience as CFO in global manufacturing and business service
companies. He has been CFO of FTSE Small Cap and FTSE 250 companies, as well
as companies quoted on the AIM market. Mark's experience includes extensive
M&A, operational and business improvement experience in complex
international environments across a wide range of sectors, including waste,
business services, industrial services, franchising, manufacturing and
electronics.

 

Mark's recent roles include Group CFO of Augean plc, Dialight plc and
Manganese Bronze Holdings plc, and he worked overseas in several of these
roles.  Prior to that he spent 11 years in finance and corporate finance
roles with GKN plc and Cable and Wireless plc.  Mark began his career with EY
and is a Member of the Institute of Chartered Accountants of England and
Wales.

 

With the appointment of Mark Fryer as CFO, Andrew Mallows will step down from
his role of Interim CFO and from the Board and will be returning to his former
role as Group Commercial Director (non-Board).

 

Stephen Hemsley, Executive Chairman, commented:

"We are pleased to welcome Mark to the Group.  His extensive experience in
senior finance positions within listed, international and business services
companies will be invaluable as we continue to drive the Group's growth across
ten countries following the acquisitions of Pirtek and Filta.  I would also
like to thank Andrew Mallows for his tremendous contribution as interim CFO."

 

Mark Fryer commented:

"I am delighted to be joining such an ambitious business at an exciting time
in its development, following the recent acquisitions.  I look forward to
working with Stephen and the team to build on the Group's expanded platform of
market-leading franchise businesses and driving shareholder value over the
coming years."

 

The following additional information is provided in accordance with Rule 17
and Schedule Two Paragraph (g) of the AIM Rules for Companies:

 

Mark Rupert Maxwell Fryer is aged 56 and currently is, and during the last
five years has been, a director of the following companies:

 

 Current directorships          Former directorships within the last five years
 Colwall Consulting Ltd         Augean LFT Claims Co Limited

 Hopkinson Waste Holdings Ltd   Augean Incineration Limited

 Preformed Windings Ltd         Augean Limited

                                Augean North Sea Services Limited

                                Augean Treatment Limited

                                R N A Investments Limited

                                Colt Industrial Services Limited

                                Augean North Limited

                                Hitech Equipment Limited

                                Augean South Limited

                                Augean Property Limited

                                Anexo Group Plc

                                Colwall Consulting Ltd

                                Professional and Legal Services Limited

                                IGCA 2013 Limited

                                Direct Accident Management Limited

 

 

Enquiries:

 

 Franchise Brands plc                                                + 44 (0) 1625 507 910
 Stephen Hemsley, Executive Chairman
 Andrew Mallows, Interim Chief Financial Officer
 Julia Choudhury, Corporate Development Director

 Allenby Capital Limited (Nominated Adviser and Joint Broker)        +44 (0) 20 3328 5656
 Jeremy Porter / George Payne (Corporate Finance)

 Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking)

 Dowgate Capital Limited (Joint Broker)                              +44 (0) 20 3903 7715
 James Serjeant / Russell Cook / Nicholas Chambers

 Stifel Nicolaus Europe Limited (Joint Broker)                       +44 (0) 20 7710 7699
 Matthew Blawat / Francis North

 MHP Group (Financial PR)                                            +44 (0) 20 3128 8100
 Katie Hunt / Catherine Chapman                                      +44 (0) 7884 494112
                                                                     franchisebrands@mhpgroup.com

 

About Franchise Brands plc

 

Franchise Brands is an international, multi-brand franchisor focused on
building market-leading businesses primarily via a franchise model. The Group
has a combined network of 655 franchisees across seven franchise brands in ten
countries covering the UK, North America and Europe.

 

Franchise Brands' focus is on B2B van-based reactive and planned services. The
Company owns several market-leading brands with a long trading history,
including Metro Rod, Metro Plumb, Filta and Pirtek in Europe, all of which
benefit from the Group's central support services, in particular technology,
marketing, management experience and other group resources. At the centre of
Franchise Brands' business building strategy is helping its franchisees grow
their businesses: "if they grow, we grow".

 

Franchise Brands employs some 715 people across the Group.

 

For further information, visit  www.franchisebrands.co.uk
(http://www.franchisebrands.co.uk)

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