REG - Hostmore PLC - Resignation of Chief Financial Officer

HostmoreAnnouncement

08/09/2023 07:00

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RNS Number : 7865L  Hostmore PLC  08 September 2023

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This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

8 September 2023

 

Hostmore plc

Resignation of Chief Financial Officer

Hostmore plc ("Hostmore" or the "Company") announces that Alan Clark has
informed the Board of his decision to resign as Chief Financial Officer
("CFO") and Executive Director of the Company to pursue other interests.  He
will step down from both positions immediately, but will continue as an
employee of the Company for six months to ensure a smooth transition for the
business.

The Board is pleased to announce that Matthew Bibby, currently Finance
Director of the Company, has been appointed Interim CFO.

Matthew joined the Hostmore group (the "Group") in 2019 as Head of Finance and
in 2022 became the Group's Finance Director. Prior to this, he was at
Whitbread for fourteen years, latterly as Head of Finance, Procurement and
Supply Chain having held management roles within the Finance Department.

Stephen Welker, Chairman, said: "On behalf of the Board, I would like to thank
Alan for the contribution he has made to Hostmore in his time as CFO.  He
leaves behind a strong team and we wish him well for the future.

"We are pleased that Matthew has accepted the role of Interim CFO. His
financial, commercial and operational experience, as well as his knowledge of
our business, make him well placed to take up this position and together we
look forward to delivering on the Company's key objectives."

Alan Clark, outgoing Chief Financial Officer, said: "I would like to thank the
Board and the senior management team for their support in my time as CFO.  I
have every confidence in the future success of the business and, as a
significant shareholder, I wish the team the very best for the future."

ENDS

 

Enquiries

Hostmore plc

Email: enquiries@hostmoregroup.com (mailto:enquiries@hostmoregroup.com)

 

Dentons Global Advisors

Jonathon Brill / James Styles     Tel: +44 (0)20 7664 5095

Email: Hostmore@dentonsglobaladvisors.com
(mailto:Hostmore@dentonsglobaladvisors.com)

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