REG - Victoria PLC - Board Changes

VictoriaAnnouncement

08/01/2026 07:00

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RNS Number : 0722O  Victoria PLC  08 January 2026

Victoria PLC

('Victoria' or the 'Company')

 

Board Changes

 

Victoria PLC (LSE: VCP), the international designer, manufacturer and
distributor of innovative flooring, announces the appointment of Steve
Callaghan to the Board as a Non-Executive Director (NED) and the Senior
Independent Director (SID), of Victoria PLC, together with the resignation of
Andrew Harrison, who has been a director since 2012.

 

Steve Callaghan is a highly effective business leader with a 25-year career as
a growth-oriented and turnaround CEO. He has consistently demonstrated growth
and transformation success in role as Chairman, as SID/NED, in addition to
operational roles as CEO.

 

He is currently Non-Executive Chairman of private equity owned Marston
Holdings Limited having been first appointed in 2021 following some
Covid-related challenges. Steve led a series of improvement initiatives on
both cost and revenue, and Marston maintained the confidence of the company's
lenders throughout. Following nine months as Executive Chairman, a new CEO/CFO
combination was established with a new leadership team, some promoted from
within to continue the recovery.

 

In the public domain he has previously served as CEO of Ceres Power Holdings
Plc, CPP Plc and Card Clear Plc. At Ceres he was initially appointed as
turnaround CEO, followed by undertaking the role of SID, with the market
capitalisation growing from £3 million to over £2 billion in less than four
years.

 

Steve Callaghan holds a BSc (Eng) Hons in Electronic and Electrical
Engineering from Cranfield University and is a graduate of the Royal Military
Academy, Sandhurst. He is an FCA approved person.

 

Geoff Wilding, Executive Chairman of Victoria PLC, said:

"Firstly, I would like to thank Andrew for his contribution and support over
the last 13 years. His advice and encouragement have been invaluable.

 

"I am delighted to welcome Steve to the Board of Victoria. He is a highly
experienced business leader who has successfully transformed a number of
companies in his career with his relentless focus on execution. I am confident
his practical operational experience will help accelerate Victoria's
recovery."

 

Mr Callaghan commented:

"Victoria is a business with exciting prospects and well-positioned to perform
strongly as markets recover. Victoria's brands have an excellent reputation in
the market for quality and service, and the team have delivered a resilient
performance to date with strict cost discipline and internal initiatives to
improve earnings. I look forward to adding my experience and skill set to the
Board, working with Geoff and the team at Victoria to deliver significantly
increased EBITDA margins over time, and create value for all stakeholders."

 

Additional information in respect of the AIM Rules

Mr Callaghan, aged 65 years, is currently the chairman of Marston Holdings Ltd
(Inflexion PE & ICG Plc owned) (June '21 to present).

 

The following additional information is provided with regards to the
appointment of Stephen James Callaghan, aged 65, in accordance with Rule 17
and Schedule 2 (g) of the AIM Rules for Companies:

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Mr Callaghan does not hold any shares or options in the Company.

 

The Company confirms that there is no other information which is required to
be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for
Companies.

 

 

For more information contact:

 

 Victoria PLC                                                  www.victoriaplc.com/investors-welcome

                                                             (http://www.victoriaplc.com/investors-welcome)
 Geoff Wilding, Executive Chairman

                                                             Via Edelman Smithfield PR
 Philippe Hamers, Group Chief Executive

 Alec Pratt, Chief Financial Officer
 Singer Capital Markets (Nominated Adviser and Joint Broker)   +44 (0)20 7496 3095

 Rick Thompson, Phil Davies, James Fischer

 Berenberg (Joint Broker)                                      +44 (0)20 3207 7800

 Ben Wright, Harry Nicholas, Tom Ballard

    Edelman Smithfield (Investor Relations)                    +44 (0)7970 174 353

    Alex Simmons

 

 

About Victoria PLC (www.victoriaplc.com (http://www.victoriaplc.com) )

 

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L),
Victoria PLC, is an international manufacturer and distributor of innovative
flooring products. The Company, which is headquartered in Worcester, UK,
designs, manufactures and distributes a range of carpet, flooring underlay,
ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring
accessories.

 

Victoria has operations in the UK, Spain, Italy, Belgium, the
Netherlands, Germany, Turkey, the USA, and Australia and employs more than
5,000 people across more than 30 sites. Victoria is Europe's largest carpet
manufacturer and the second largest in Australia, as well as the largest
manufacturer of underlay in both regions.

 

The Company's strategy is designed to create value for its shareholders and is
focused on consistently increasing earnings and cash flow per share via
acquisitions and sustainable organic growth.

 

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