Ultimate Products - Management Change

Ultimate Products

08/02/2024 13:00

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RNS Number : 5216C  Ultimate Products PLC  08 February 2024

8 February 2024

 

 

Ultimate Products plc

("Ultimate Products", or "the Group")

 

MANAGEMENT CHANGE

 

Ultimate Products, the owner of a number of leading homeware brands including
Salter (the UK's oldest houseware brand, est.1760) and Beldray (est.1872), is
pleased to announce the appointment today of Andrew Gossage as Chief Executive
Officer. Andrew is taking over from Simon Showman, the Group's founder, who
will remain on the Board as Chief Commercial Officer.

 

Andrew joined Ultimate Products in 2005, initially as Finance Director before
being promoted to Managing Director in 2014. Since then, he has been
responsible for the Group's strategy as well as overseeing its operational
functions and online business. Andrew is a chartered accountant and started
his career with Arthur Andersen, after which he was the Finance Director &
General Manager of Mersey Television.

 

Simon founded Ultimate Products in 1997 and has led the Group ever since. As
Chief Commercial Officer, he will continue to oversee the Group's commercial
functions including sales, buying and product development.

 

Simon Showman, Founder and Chief Commercial Officer of Ultimate Products,
said:

 

"I am delighted that Andrew has agreed to step into the role of CEO and,
having run the business with him for nearly 20 years, I am confident that he
will do an exceptional job in leading Ultimate Products into the next phase of
its growth journey.

 

For my own part, I am very excited to be taking on the new role of Chief
Commercial Officer, which will allow me to focus on the elements of the job
that I relish the most, including business development, product development
and managing key retailer relationships. I am particularly looking forward to
spending more time with our customers in the UK and internationally, building
the longstanding and strategic partnerships necessary to drive Ultimate
Products' future growth."

 

Andrew Gossage, Chief Executive Officer of Ultimate Products, said:

 

"It is a huge honour to take on the role of CEO. I am looking forward to
continuing to work with Simon and the rest of our excellent team to build on
our current capabilities with the ambition of making Ultimate Products the
world's best branded consumer goods business. Our strategy remains unchanged,
which is to create beautiful and more sustainable products for every home and
pursue growth via the online, supermarket and discount channels both here in
the UK and internationally."

 

 

For more information, please contact:

 

Ultimate Products +44 (0) 161 627 1400

Andrew Gossage, CEO

Simon Showman, CCO

Chris Dent, CFO

 

Shore Capital +44 (0) 20 7408 4090

Mark Percy

Malachy McEntyre

David Coaten

Iain Sexton

Isobel Jones

 

Cavendish Capital Markets Limited + 44 (0)20 7220 0500

Carl Holmes (Corporate Finance)

Matt Goode (Corporate Finance)

Abigail Kelly (Corporate Finance)

Charlie Combe (ECM)

 

Powerscourt +44 (0) 207 250 1446

Rob Greening

Sam Austrums

Oliver Banks

 

 

Notes to Editors

 

Ultimate Products is the owner of a number of leading homeware brands
including Salter (the UK's oldest houseware brand, established in 1760) and
Beldray (a laundry, floor care, heating and cooling brand that was established
in 1872). According to its market research, nearly 80% of UK households own at
least one of the Group's products.

 

Ultimate Products sells to over 300 retailers across 38 countries, and
specialises in five product categories: Small Domestic Appliances; Housewares;
Laundry; Audio; and Heating and Cooling. Other brands include Progress
(cookware and bakeware), Kleeneze (laundry and floorcare), Petra (small
domestic appliances) and Intempo (audio).

 

The Group's products are sold to a broad cross-section of both large national
and international multi-channel retailers as well as smaller national retail
chains, incorporating discount retailers, supermarkets, general retailers and
online retailers.

 

Founded in 1997, Ultimate Products employs over 370 staff, a significant
number of whom have joined via the Group's graduate development scheme, and is
headquartered in Oldham, Greater Manchester, where it has design, sales,
marketing, buying, quality assurance, support functions and warehouse
facilities across two sites. Manor Mill, the Group's head office, includes a
spectacular 20,000 sq ft showroom that showcases each of its brands. In
addition, the Group has an office and showroom in Guangzhou, China and in
Paris, France.

 

Please note that Ultimate Products is not the owner of Russell Hobbs. The
company currently has licence agreements in place granting it an exclusive
licence to use the "Russell Hobbs" trademark for cookware and laundry (NB this
does not include Russell Hobbs electrical appliances).

 

For further information, please visit www.upplc.com
(https://url.avanan.click/v2/___http:/www.upplc.com/___.YXAxZTpzaG9yZWNhcDphOm86NDA2ZGRkNGUzYzZiMGJkNzM2ZjhlOWMzYjljYTZmZWI6NjpiZGYyOjkxZjUxNGE0MjE5NTA5MTViMmU2MGU3ODRhZjg2YTc1MDFhMTRlMDJlZjExODU2YzFlZDk3NDgwYmI2NjRiZDY6cDpU)
.

 

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