REG - Marks Electrical Grp - CFO Update

Marks ElectricalAnnouncement

01/08/2025 07:00

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RNS Number : 5073T  Marks Electrical Group plc  01 August 2025

Marks Electrical Group plc

CFO Update

Marks Electrical Group plc ("Marks Electrical", "the Company" or "the Group"),
the online electrical retailer, confirms that, further to the announcement on
6 June 2025, yesterday, 31 July 2025 was Josh Egan's final day as Chief
Financial Officer, and he has accordingly stepped down from the Board.

As announced on 25 June 2025, a process to appoint a full time successor is
underway and Dipesh Mistry will continue in his role as Interim CFO until
further notice, following which an announcement will be made in due course.

Mark Smithson, CEO of Marks Electrical commented:

"I'd like to thank Josh for his significant contribution to the business and
wish him well for the future. Dipesh has already made a strong impact in his
first month and I look forward to working with him in the months ahead."

Enquiries:

Marks Electrical Group
plc                                                    Via
DGA Group:

Mark Smithson
(CEO)                                                                           Tel:
+44 (0)20 7664 5095

Dipesh Mistry (Interim CFO)
 
 

DGA Group (Financial PR)

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

markselectrical@dgagroup.com (mailto:markselectrical@dgagroup.com)
 
 
 
 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger
                           Tel: +44 (0)20 7523 8000
 

About Marks Electrical

Marks Electrical is a technology driven e-commerce electricals retailer which
sells, delivers, installs and recycles a wide range of household electrical
products. The Group was founded in Leicester in 1987 by Mark Smithson and has
scaled into a nationwide online retailer with a compelling growth track
record, thanks to its vertically integrated, low-cost, high-quality operating
model, supported by the ongoing structural shift of consumers to purchase
online. The Group operates within the UK Major Domestic Appliances (MDA) and
Consumer Electronics (CE) market, estimated to be worth approximately £7
billion.

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 4,500 products from over 50
leading brands across its main product categories, which include Cooking,
Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These
products are sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical delivers direct to
customers in its owned and branded vehicles, operated by the Group's skilled
team of delivery drivers, who are also able to offer installation and
recycling services.

For further information, visit the Marks Electrical corporate
website: https://group.markselectrical.co.uk
(https://group.markselectrical.co.uk/)  and its retail
website: https://markselectrical.co.uk/ (https://markselectrical.co.uk/) .

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