REG - IG Design Group PLC - Appointment of Chief Executive Officer

IG DesignAnnouncement

03/11/2022 07:00

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RNS Number : 1281F  IG Design Group PLC  03 November 2022

3 November 2022

IG Design Group Plc

('Design Group' or the 'Group')

Appointment of Chief Executive Officer

 

IG Design Group plc, one of the world's leading designers, innovators and
manufacturers of Gift Packaging, Celebrations, Craft & Creative Play,
Stationery, Gifting and related product categories, is pleased to announce the
appointment of Paul Bal as Chief Executive Officer, effective from 1 April
2023. Paul was appointed as the Group's Chief Financial Officer in March 2022
and joined the Board in May. Stewart Gilliland, currently Interim Executive
Chair will return to the position of Non-Executive Chair on 1 April 2023. The
search for a new Chief Financial Officer is commencing and further updates
will be issued as and when appropriate.

 

Paul joined the Group from Stock Spirits, an international alcoholic beverage
business, where he was CFO from 2017. Paul was instrumental in the turnaround
of the then LSE-listed group, leveraging his experience in the management of
decentralised businesses and a complex portfolio of over 70 brands selling
across 50 markets.

 

Qualifying as a Chartered Accountant in England & Wales in 1993 and a
Fellow since 2005, Paul has had an international career. He held several
global financial and management roles within British American Tobacco and
Rothmans International. From 2014, Paul was Vice-President: CFO & Strategy
- Europe, Africa & Middle East at Tupperware Brands, listed on the New
York Stock Exchange.

 

Lance Burn has agreed to remain in role as Interim Chief Operating Officer
through to 31 October 2023 to continue to lead the transformation of the USA
business and assist Group transition.

 

Stewart Gilliland, Non-Executive Chair, commented:

"Following a thorough internal and external search process, we are delighted
to appoint Paul as CEO. Having worked with Paul closely over the past six
months I have seen him show impressive leadership and strategic vision for
taking our business forward. I am confident that Paul will bring great value
to the Group in his new role and look forward to working with him further
alongside the rest of the Board."

 

Paul Bal, CFO & CEO Designate, commented:

"I'm delighted to have been appointed as CEO. Since I joined the Group earlier
this year, it is clear that we have a fantastic team, strong relationships
with our customers and ongoing demand for our great products, despite the
challenges which we have faced. Looking ahead, we are focused on maintaining
our long-standing customer relationships and market leading position,
restoring profitable and sustainable growth, and creating a more resilient
business which will provide a stronger base on which we can build for the
future."

 

 

 

For further information, please contact:

 IG Design Group Plc                           Tel: +44 (0)1525 887310

 Stewart Gilliland, Interim Executive Chair

 Paul Bal, CFO & CEO Designate
 Canaccord Genuity Limited (Nomad and Broker)  Tel:  +44 (0)20 7523 8000

 Bobbie Hilliam

 Gerel Bastin
 Alma PR                                       Tel:  +44 (0)20 3405 0209

 Sam Modlin                                    designgroup@almapr.co.uk (mailto:designgroup@almapr.co.uk)

 Josh Royston

 Pippa Crabtree

 

 

 

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