REG - SThree plc - CFO departure and succession plan

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RNS Number : 8703W  SThree plc  17 March 2026

 

 

This announcement contains inside information

17 March 2026

SThree plc

Chief Financial Officer departure and succession plan

SThree plc (the "Company"), the global STEM workforce consultancy, announces
that, after nearly five years with the Company, Andrew Beach, Chief Financial
Officer (CFO), will be stepping down as CFO and from the Board at the
conclusion of the Company's Annual General Meeting on 29 April 2026, but has
agreed to continue within the business until the announcement of the Company's
half year results on 21 July 2026, to support a smooth and orderly transition.

In line with the Nomination Committee's established succession approach,
Damian Fehrenberg, currently Senior VP Finance USA, will become Interim CFO
from 30 April 2026 whilst the process to identify a permanent successor is
conducted by the Nomination Committee, with the support of external
consultants. That process has begun and the Company will provide an update to
the market in due course.

Timo Lehne, CEO commented:

"Andy has made a significant contribution to SThree since he joined us in
2021. He has played an important role in creating the strong foundations to
drive efficiency and growth at SThree for many years to come, including
through his contribution to the successful implementation of our Technology
Improvement Programme. On behalf of SThree, I would like to thank Andy and
wish him every success for the future."

Andrew Beach, outgoing CFO said:

"I have enjoyed my time at SThree and am proud of the achievements during my
tenure, including strengthening the financial foundations of the business,
delivering material operational efficiencies and successfully implementing the
TIP programme on time and on budget. With stable performance being delivered,
FY26 expectations reiterated and the TIP now successfully deployed, it feels
like the right time for me to consider the next phase of my career. I would
like to thank Timo, the Board and all my colleagues for their support. I
believe the Company is well placed for the next stage of its development and I
look forward to following its continued progress."

AGM Notice

As the Company's AGM Notice has already been issued, the Company confirms that
the resolution to reappoint Andrew Beach as a Director of the Company
(Resolution 7) is now withdrawn. The withdrawal of Resolution 7 does not
otherwise affect the validity of the Notice of Meeting, or any proxy votes
already submitted on other proposed resolutions. The numbering of all other
proposed resolutions at the AGM will remain unchanged.

Remuneration

Information on remuneration is available on the Company's website in
accordance with section 430(2B) of the Companies Act 2006.

 

 Enquiries:

 SThree plc
 Timo Lehne, CEO

 Charlie Hildesley, Investor Relations Manager   investorrelations@sthree.com

 Alma Strategic Communications                   +44 20 3405 0205

 Rebecca Sanders-Hewett                          SThree@almastrategic.com

 Hilary Buchanan

 Sam Modlin

 Rose Docherty

 

 

Notes to editors

SThree plc brings skilled people together to build the future. We are the
global STEM workforce consultancy, placing highly skilled, STEM specialist
workers in the industries where they are needed most. We advise businesses,
build expert teams, and deliver project solutions for our clients. With 40
years of experience in pure-play STEM and a global team with local expertise
across 11 countries, we cover high-demand skills across Engineering, Life
Sciences and Technology roles.

We provide permanent and flexible contract talent to a diverse base of around
6,000 clients. By combining advanced technology with expertise, we push beyond
traditional boundaries to deliver tailored solutions, leveraging data and
insight from our world-class operating platform.

Outpace tomorrow, together

 

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