REG - Portmeirion Group - Directorate change

PortmeirionAnnouncement

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RNS Number : 1398D  Portmeirion Group PLC  06 May 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) NO. 596/2014 (AS AMENDED) AS IT FORMS PART OF THE
DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR").

 

FOR IMMEDIATE RELEASE

6 MAY 2026

Portmeirion Group PLC

("Portmeirion", the "Group" or "Company")

DIRECTORATE CHANGE

Portmeirion Group PLC, the global homewares brand group, today announces the
appointment of Michael Scheepers as Group Chief Executive Officer ("Group
CEO"). After nine years with the Group, Mike Raybould has decided to step down
from his CEO role and as a director of the Company on 11 May 2026. Michael
Scheepers appointment is expected to take effect from week commencing 11 May
2026, subject to the satisfactory completion of Nomad due diligence.

Michael Scheepers joined Portmeirion as Group Brand and Commercial Director in
December 2025 as part of our succession plans. He previously worked at
globally renowned cookware brand Le Creuset, where he was employed for over
nine years in senior leadership roles, including six years as Regional CEO
across a global portfolio of mature and emerging markets. During this time
Michael was responsible for driving brand elevation, commercial performance,
and transformation across a number of different territories including Europe,
the Middle East, Africa and India, within the premium home and lifestyle
category.   At Portmeirion Michael has led the global ecommerce, own retail
and brand marketing teams with responsibility for the UK sales division,
working closely with the Board as part of the Senior Leadership Team.

Peter Tracey, Non-Executive Chairman of Portmeirion, commented: "I would like
to thank Mike Raybould for the significant contribution he has made to
Portmeirion over the last 9 years.  Mike steered the Group through a
challenging period including COVID and the introduction of US Tariffs.  He
has driven significant change and improvement across many parts of the
organisation. We wish him well in all his future endeavours.

In Michael Scheepers we have an experienced leader with deep expertise in
premium home and lifestyle brand transformation and a strong commercial track
record. Under his leadership we will continue to focus on accelerating
progress against our strategic transformation goals of returning to growth and
improved performance, fortress balance sheet  and ultimately elevating
Portmeirion's heritage brands to a wider global consumer."

Michael Scheepers, Group Brand and Commercial Director commented: "Portmeirion
Group has a stable of brands steeped in the rich heritage of British
craftmanship and design and I'm delighted to be given the opportunity to lead
the business as we launch and execute on our new strategic plans. I look
forward to working closely with the Board and our talented team to leverage
the exciting global opportunities ahead and deliver long-term value for our
stakeholders."

Mike Raybould, CEO, commented: "It has been a privilege to lead this Group as
CEO with its amazing portfolio of heritage ceramic brands.  We have been able
to transform and modernise our business and operations over the last 5 years
despite the difficult economic backdrop and I'm delighted that I am able to
hand over to Michael, who joined us last year. He has considerable experience
and has already started to drive significant positive change across our sales
and brand marketing activities. I look forward to seeing the company go from
strength to strength."

ENDS

 

ENQUIRIES:

 Portmeirion Group PLC:
 Peter Tracey, Non-Executive Chairman    Via Houston (see below)
 Michael Scheepers, Group CEO
 Jonathan Hill, Group Finance Director
 Houston:
 Kate Hoare                              +44 (0)7949 944 496      portmeiriongroup@houston.co.uk (mailto:portmeiriongroup@houston.co.uk)
 Charlie Barker                          +44 (0)773 303 2695

 Shore Capital:                          +44 (0) 207 408 4090

 (Nominated Adviser and Joint Broker):
 Patrick Castle                          Corporate Advisory
 Lucy Bowden

 Malachy McEntyre                        Corporate Broking

 Isobel Jones

 

 Singer Capital Markets

 (Joint Broker):         +44 (0) 207 496 3000
 Peter Steel             Investment Banking
 Asha Chotai

 

NOTES TO EDITOR:

Portmeirion Group PLC is a global homewares brand group based in
Stoke-on-Trent, England.  The Group owns six unrivalled heritage and
contemporary brands; Spode, Portmeirion, Royal Worcester, Pimpernel, Wax
Lyrical and Nambé.   The Group serves markets across the world, with global
demand driven by diversified international markets including the key
geographies of the US, UK and South Korea.

IMPORTANT NOTICES:

This Announcement is released by Portmeirion Group PLC and contains inside
information for the purposes of Article 7 of MAR, and is disclosed in
accordance with the Company's obligations under Article 17 of MAR. For the
purposes of MAR, the person responsible for this Announcement is Jonathan
Hill, Chief Financial Officer.

 

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