REG - Victoria PLC - Victoria Announces CFO Transition

VictoriaAnnouncement

17/03/2025 07:15

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RNS Number : 8660A  Victoria PLC  17 March 2025

17 March 2025

Victoria PLC

('Victoria' or the 'Group')

Victoria Announces CFO Transition

 

Victoria PLC (LSE: VCP), the international designer, manufacturer and
distributor of innovative flooring, today announces the planned appointment of
Alec Pratt to the Group board as Chief Financial Officer Designate, who will
replace Brian Morgan after three years' service as Victoria's Chief Financial
Officer in June.

 

Alec will join VCP as an executive director with Brian remaining in his role
as CFO until late-June to ensure a smooth transition. Thereafter Brian has
agreed to continue to be available as needed to assist Victoria for up to
three months.

 

Alec joins from Deutsche Bank where he was most recently Co-head of EMEA
Financial Sponsor M&A. He is an experienced senior finance leader having
spent 16 years in investment banking. Throughout this time, he has advised
many listed and private companies on significant M&A transactions,
executed equity and debt raises of various types, and built teams and
businesses within banks. Previously he spent four years at Numis growing their
UK public M&A business, and 11 years at J.P. Morgan where he was an
Industrials coverage banker focusing on the built environment. Over his career
he has advised numerous UK listed building materials manufacturers and
distributors at every stage of the business cycle.

 

 

Geoff Wilding, Chairman, commented:

"Brian has made a valuable contribution to Victoria's long history by helping
to integrate the Group's largest acquisition whilst transforming the finance
function across the group and head office. With the negotiated refinancing of
VCP's debt now well advanced, Brian decided to seek a role outside Victoria
and the Board would like to thank him for his time at the company.

 

On behalf of the Board and all at Victoria, we are delighted to welcome Alec
as our CFO-Designate. Alec adds to the strong bench of management talent
carefully built at Victoria over the last 12 years. He is uniquely qualified
to take on this role and his considerable finance and capital markets
experience will be extremely beneficial for Victoria's continued growth and we
look forward to updating shareholders on our progress."

 

 

Alec Pratt, CFO-Designate said

"I am pleased to be joining the ambitious team at Victoria plc as they
continue to build a diversified international flooring business. Victoria's
leading brands and differentiated service offering provide a compelling
customer proposition that has delivered strong returns through-the-cycle. I am
excited to be joining the business at this time to drive operating and capital
efficiency to provide a strong platform for the company's next phase of
growth."

 

 

Disclosures in accordance with the AIM Rules

 

Alexander (Alec) Robert Gammack Pratt, aged 39, is, or has been, a director of
the following companies during the past five years: BAG and Schulze Limited,
and Gammack Land Limited.

 

Mr Pratt owns no shares in Victoria.

 

There are no further disclosures required in accordance with AIM Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies.

 

 

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