REG - ScS Group plc - Appointment of Non-Executive Director

SCSAnnouncement

19/04/2023 07:00

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RNS Number : 6579W  ScS Group PLC  19 April 2023

 For Immediate Release  19 April 2023

ScS Group plc

("ScS", or the "Group")

Appointment of Non-Executive Director

ScS, one of the UK's largest retailers of upholstered furniture and floorings,
is pleased to announce that Swarupa Pathakji has agreed to join the board as
Non-Executive Director with effect from 2 May 2023.

 

When Swarupa joins, she will also be appointed as a member of each of the
Audit, Remuneration and Nomination Committees.

 

Swarupa is a Director of Kings Yard Arms VCT plc, where she is Chair of the
Nomination and Remuneration Committees and a member of the Audit and Risk
Committee. She is also a non-executive director of value retailer OFS (DS)
Holdings Ltd where she is Chair of the Audit Committee. Swarupa has extensive
experience across multiple sectors, having worked at both Merrill Lynch and
more recently at Duke Street, a mid-market Private Equity firm, where she
served as a non-executive director on the boards of a number of companies.

 

 

Alan Smith, Non-Executive Chairman of ScS Commented:

 

"I am delighted to welcome Swarupa to the ScS Board. Her varied financial
experience and widespread knowledge of customer facing businesses will be
invaluable to the Group."

 

Commenting on her appointment, Swarupa Pathakji said:

"I am pleased to be joining SCS at an exciting time for the business. I have
been impressed with the strength of the Board and the management team and I
look forward to working with them to achieve their plans for the future."

 

Pursuant to LR 9.6.13R in respect of Swarupa Pathakji; Swarupa holds the role
of Non-Executive Director of FTSE listed Kings Yard Arms VCT plc. As at the
date of this announcement, Swarupa Pathakji has no beneficial interests in the
ordinary shares of the Group.

 

 

Enquiries:

 

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

 Steve Carson, Chief Executive Officer

 Chris Muir, Chief Financial 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

 

Notes to Editors

ScS is one of the UK's largest retailers of sofas, flooring and furniture. We
trade as two separate brands- the core ScS brand and the newly acquired Snug
brand.

The ScS brand seeks to offer value and choice through a wide range of sofas,
flooring and furniture products. The product range is designed to appeal to a
broad customer base with a mid-market priced offering and is currently traded
from 100 stores. The brand specialises primarily in fabric and leather sofas
and chairs, selling a range of branded products which are not sold under
registered trademarks and a range of branded products which are sold under
registered trademarks owned by ScS (such as Endurance, Inspire and SiSi
Italia). It also offers a range of third party brands (which include La-Z-Boy,
Ideal Home and G Plan). The flooring business includes carpets, rugs, wood,
laminate and luxury vinyl tiling.

Snug is an innovative digital-first sofa and sofa-bed business specialising in
modular and re-configurable sofas, with quick delivery and excellent quality
and customer service. Although predominantly online, Snug also operates from
one store in Leeds and ten concessions throughout England.

 

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