REG - Victoria PLC - CEO transition and divisional management structure

VictoriaAnnouncement

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RNS Number : 4046G  Victoria PLC  01 June 2026

 

 

Victoria PLC

('Victoria' or the 'Company')

 

Victoria confirms Group CEO transition and divisional management structure

 

Victoria PLC (LSE: VCP), the international designer, manufacturer and
distributor of flooring, confirms that, further to the announcement of 1
October, 2025, regarding Philippe Hamers' intention to retire from his
position as Group Chief Executive during 2026, Philippe will step down as
Group Chief Executive on 30 June 2026.

 

Following Philippe's departure, Victoria's principal operating divisions will
be led directly by their divisional management teams. Roberto Moreno,
Victoria's Chief Operating Officer, will continue to head both the Rugs and
North America divisions alongside his Group-wide responsibility for operations
and execution across the Group's strategic priorities. The UK Flooring
division will be led by Steve Byrne, Chief Executive, UK Flooring, who
rejoined the Group in April 2026. The Ceramics division will be led by
Francisco Carvajal, Chief Executive, Ceramics, who was promoted to the role in
February 2026.

 

The Board believes direct divisional accountability will sharpen execution and
maintain focus on the Group's self-help initiatives, cash generation and
deleveraging.

 

Philippe will continue to support the Group as a director of the Australian
business and as chairman of the UK Flooring division, working with Steve Byrne
as that business executes its operational plan.

 

Geoff Wilding, Executive Chairman, commented:

 

"Philippe has made a significant contribution to Victoria over the last nine
years as Group Chief Executive. During that period, the Group has expanded
substantially and built leading positions in a number of flooring markets. He
has also played a particularly important role in the development of the UK
business, and I am pleased that Victoria will continue to benefit from his
sector knowledge and operational experience in the UK and Australia.

 

"The recent period has been exceptionally challenging for the sector. The
management structure now in place reflects the distinct characteristics of our
principal divisions and gives each of them clear accountability. Our priority
is execution: delivering the self-help initiatives we have set out, generating
cash, reducing leverage and rebuilding value for shareholders."

 

Philippe Hamers commented:

 

"Victoria has a strong operational leadership team and a clear plan to deliver
the Group's self-help initiatives. Recent years have been difficult for the
flooring sector, with the after-effects of Covid, the war in Ukraine,
inflation and, more recently, the Iran war, heavily affecting input prices and
putting pressure on consumer demand. The actions now underway are intended to
reduce costs, improve productivity and strengthen cash generation.

 

"I am pleased to continue supporting the Group in my new roles and look
forward to working with Geoff, Steve and the wider leadership team as Victoria
focuses on execution and positions the business for the next cycle."

 

For more information contact:

 Victoria PLC                                                  www.victoriaplc.com/investors-welcome

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

 Alec Pratt, Chief Financial Officer                           Via Edelman Smithfield PR
 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

+44 (0)7970 174 353

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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