REG - ScS Group plc - Appointment of Chief Financial Officer

SCSAnnouncement

04/07/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230704:nRSD8254Ea&default-theme=true

RNS Number : 8254E  ScS Group PLC  04 July 2023

ScS Group plc

("ScS", or the "Group")

Appointment of Chief Financial Officer

ScS, one of the UK's largest retailers of upholstered furniture and
floorings, is pleased to announce the appointment of Mark Fleetwood as Chief
Financial Officer (CFO). He will join the Board of the Group and take up his
role as CFO on 4 September 2023.

 

Mark has significant retail and PLC experience. He most recently served a
five-year term as CFO of END. (endclothing.com), the digital-led global
fashion retailer based in the North East, where he supported the high-growth
ambitions with revenue more than doubling to circa £220m. Prior to this, he
was Corporate Finance Director at Grainger plc, the UK's largest listed
residential landlord. Before Grainger, he held senior roles at N+1 Singer and
Brewin Dolphin. Mark is a chartered accountant (FCA) having qualified with
KPMG in 2005.

 

Chris Muir, the Group's incumbent CFO who notified the Board of his intention
to step down in December 2022, will remain actively involved with the business
as Executive Director to ensure an orderly transition and to oversee
publication of the Group's Preliminary Results in October. Chris will remain
available until late 2023, when he will step down from the Board and depart
having served his 12-month notice.

 

Steve Carson, CEO of ScS, commented:

"Mark is a fantastic addition to our business and brings significant digital,
retail and PLC experience to the Board. He has a growth mind-set and strong
track record of delivery, which will support us as we continue to progress our
strategy. Mark will play a key part in the continued development of our growth
plans and ambitions for the future, and we look forward to welcoming him. I
would like to take this opportunity to thank Chris for his exceptional
contribution to ScS in his seven years with the business. He is staying with
us to oversee results and ensure an orderly transition. We will miss him when
he leaves and we all wish him well for the future."

 

Mark Fleetwood, incoming CFO, commented:

"I have been impressed by the team at ScS and their desire to move the
business forward. I'm very much looking forward to getting to know the Group
and its people, and to working with Steve, the wider team, and the Board, to
help develop and deliver the strategy, and to continue to build value for
stakeholders."

 

No information pursuant to LR 9.6.13 R is required to be disclosed.

 

Mark is a currently a Director of North Alignment Limited. He currently holds
no shares in ScS.

 

Enquires:

 

 ScS Group PLC                           c/o Buchanan +44 (0)20 7466 5000

 Steve Carson, Chief Executive Officer
 Buchanan                                Tel: +44 (0)20 7466 5000


 Richard Oldworth                        scs@buchanan.uk.com (mailto:scs@buchanan.uk.com)

 Toto Berger

 Verity Parker
 Shore Capital                           Tel: +44 (0)207 408 4050

 Patrick Castle

 James Thomas

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAUOUBROUUBRAR