REG - Luceco PLC - Directorate Changes

LucecoAnnouncement

19/01/2023 07:00

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RNS Number : 1970N  Luceco PLC  19 January 2023

19 January 2023

LUCECO PLC

 

Directorate changes

 

Luceco plc ("Luceco", "the Company" or "the Group") announces that Matt Webb
has informed the Board of his decision to step down as Chief Financial Officer
after five years in the role in order to pursue other opportunities. Matt will
step down on 31 March 2023 and will be succeeded as Chief Financial Officer by
Will Hoy, who currently serves as Audit Committee Chair and Non-Executive
Director of the Company. Will Hoy will assume an Executive Director position
from 1 March 2023 before becoming Chief Financial Officer on 1 April 2023, in
order to effect an orderly handover.

 

Will held a number of senior finance roles in a career with GKN that spanned
over 20 years, including three years as Chief Financial Officer of GKN
Aerospace and nine years as Head of Corporate Finance in which he oversaw GKN
plc's M&A activities. Prior to joining GKN, Will qualified as a Chartered
Accountant at KPMG LLP and worked in its Corporate Finance department.

 

Will Hoy will step down from the Audit Committee and will be succeeded as the
Committee's Chair by Non-Executive Director Tim Surridge, effective
immediately. Tim is a Chartered Accountant with prior experience as a Chief
Financial Officer of large businesses and as a partner of KPMG LLP.

 

Giles Brand, Chairman of Luceco, said:

 

"On behalf of the Board, I would like to thank Matt for his outstanding
contribution to Luceco's progress over the last five years, a period in which
the Group has evolved into a strategically focused, highly profitable and well
capitalised business. As reported in today's trading update for 2022, he
leaves the business in good shape and we wish him every success in his future
career.

 

We are delighted that Will has agreed to be our next Chief Financial Officer.
His strong track record of delivery in world class manufacturing environments
and knowledge of the Group make him an ideal addition to the Executive team."

 

- ENDS-

 

For further information, please contact:

 

 Luceco plc                            Contact
 John Hornby, Chief Executive Officer  020 3128 8990 (Via MHP Communications)
 Matt Webb, Chief Financial Officer    020 3128 8990 (Via MHP Communications)

 MHP Communications                    Contact
 Tim Rowntree                          020 3128 8990
 Ollie Hoare                           020 3128 8276

 

Note to Editors

 

Luceco plc - Bringing Power To Life

 

Luceco plc (LSE:LUCE) is a supplier of high quality and innovative wiring
accessories, EV chargers, LED lighting and portable power products for a
global customer base.

 

For more information, please visit www.lucecoplc.com
(http://www.lucecoplc.com) .

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