REG - Marks Electrical Grp - Directorate Change

Marks ElectricalAnnouncement

17/10/2024 07:00

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RNS Number : 4914I  Marks Electrical Group plc  17 October 2024

Marks Electrical Group plc

Directorate Change

Marks Electrical Group plc ("Marks Electrical" or "the Group"), is pleased to
announce the proposed appointment of Warren Middleton as Non-Executive
Director of the Company.

Mr Middleton was previously with KPMG for over 25 years, 17 of which have been
as a technology partner. He was KPMG's Manchester Office senior partner since
2019, overseeing circa 1,500 employees and was heavily involved in the
build-out of KPMG's technology practice. It is intended that Mr Middleton will
also chair the Audit and Risk Committee.  The appointment is subject to
confirmation from the Nominated Adviser that due diligence checks have been
completed to its satisfaction as required under the AIM Rules and a further
announcement will be made in due course.

Furthermore, David Wilkinson has resigned from the Board and as a
Non-Executive Director of the Company with immediate effect.

Commenting on Warren's appointment, Marnie Millard, Chair of the Board said,
"We are delighted to be welcoming Warren to the Board and look forward to
benefiting from his valuable experience advising companies on advancements in
their technology agenda. Additionally, we thank David for his support and
expertise over the last three years, since IPO."

 

Enquiries:

Marks Electrical Group
plc                                                    Via
DGA Group:

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

Josh Egan (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 fast growing, highly scalable, 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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