REG - Hornby PLC - Directorate Change

HornbyAnnouncement

09/08/2024 07:00

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RNS Number : 7963Z  Hornby PLC  09 August 2024

9 August 2024

 

Hornby Plc

("Hornby" or the "Group")

 

 

Appointment of Non-Executive Chairman

 

Hornby Plc, the international models and collectibles group, today
announces Neil Sachdev MBE, aged 65, has joined the Group as a Non-Executive
Chairman with immediate effect.

 

 

An experienced NED who also works with a number of Public Service
organisations, Neil is currently Chair at HM Land Registry, EastWest Rail
Company and Network Rail Property Company, as well as being a Council Member
at The University of Warwick. During Neil's Exec career he served as Stores
Board Director at Tesco, responsible for property and operations for the UK
business, and Group Property Director at J Sainsbury.

 

 

Olly Raeburn, Hornby CEO, commented: "We're delighted to have someone of
Neil's calibre joining us as Non-Exec Chairman. This is a pivotal time for
Hornby and Neil's retail and supply chain experience will add a valuable
perspective, and provide welcomed support, to the turnaround that's already
underway."

 

Neil Sachdev, Non-Executive Chairman, added: "It is a real privilege to join
Hornby Plc and to work with such an enviable portfolio of great heritage
brands. This is an incredibly exciting time for Hornby as it moves from a
period of restructuring to stability, to growth. I am looking forward to
working with Olly and the rest of the Board to support them as this iconic and
enriching business continues its journey to profitability."

 

The Board would like to thank John Stansfield for stepping in as Interim
Non-Exec Chairman as our search continued for the right candidate. With Neil's
appointment, John remains on the Board as an Independent Non-Executive
Director.

 

The names of all companies and partnerships of which Neil has been a director
or partner at any time in the previous five years are set out below:

 

 Current directorships and/or partnerships                              Previous appointments in the last 5 years
 Friends of Westonbirt Arboretum Enterprises Limited                    Nuffield Health
 Friends of Westonbirt Arboretum                                        Warwick Business School
 Exclusive Contract Services Limited                                    Energy Savings Trust
 Brayborne Facilities Services Limited                                  Restoration and Renewal Delivery Authority Ltd
 The Exclusive Services Group Limited                                   Cake Box Holdings PLC
 Querkus Limited                                                        EST (Holdings) Limited
 HM Land Registry                                                       Bonhill Group PLC
 East West Railway Company Limited
 London & Continental Railways Limited
 Network Rail Property Limited
 Defence Infrastructure Organisation Board for the Ministry of Defence

 

Neil holds no ordinary shares in Hornby.

Save as set out in this announcement, there are no further details to be
disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in
respect of Neil.

 

Enquiries:

Hornby PLC

Oliver Raeburn, CEO                  01843 233 500

Kirstie Gould, CFO

Holly Barnett, PR

 

Panmure Liberum Limited, Nominated Advisor and Broker

Andrew Godber                         020 3100 2222

Edward Thomas

Anake Singh

 

 

 

 

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