REG - Vic Plumbing - CFO Succession

Victorian PlumbingAnnouncement

07/02/2023 07:00

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RNS Number : 0791P  Victorian Plumbing Group plc  07 February 2023

7 February 2023

 

Victorian Plumbing Group plc

("Victorian Plumbing" or the "Group")

 

CFO Succession

 

Victorian Plumbing Group plc (AIM: VIC), the UK's leading online specialist
bathroom retailer, announces that Paul Meehan, the Group's Chief Financial
Officer ("CFO"), has advised the Board that he wishes to step down from his
role on 31 March 2023 in order to pursue other opportunities. The Board is
pleased to announce that Daniel (Dan) Barton, currently the Group's Director
of Finance, has been chosen to replace Paul as CFO. As a result, Dan will be
appointed to the Board on 1 April 2023. Paul will remain with the business
during his notice period until 30 June 2023 to ensure an orderly handover of
his responsibilities. Dan has also recently assumed the role of Company
Secretary.

 

Dan joined Victorian Plumbing in August 2022 from DWF Group plc, where he was
Deputy CFO for three years. Prior to this, Dan was Deputy CFO and Company
Secretary at Wilmington Group plc, having previously qualified as a Chartered
Accountant at PwC LLP.

 

Mark Radcliffe, Founder & CEO of Victorian Plumbing, commented:

 

"I would like to take this opportunity, on behalf of the Board, to thank Paul
for his significant contribution to Victorian Plumbing since he joined the
business in 2020. His work preparing the finance function and the wider Group
for its IPO in 2021 has ensured that the business has the necessary systems
and structures in place to deliver its growth ambitions. We wish Paul all the
best with his future endeavours.

 

"I am delighted that Dan has agreed to take up the CFO position. He has worked
alongside Paul since last year and has already made a significant contribution
to the finance function and the wider Group and the Board are confident that
he is the right person to succeed Paul as CFO."

 

 

-ENDS-

 

 

For further information, please contact:

 

 Victorian Plumbing Group plc                                via FTI Consulting

 Mark Radcliffe, Chief Executive Officer                     +44 20 3727 1000

 Paul Meehan, Chief Financial Officer

 Daniel Barton, Director of Finance and Company Secretary

 FTI Consulting (Financial PR)                               +44 20 3727 1000

 Alex Beagley, Eleanor Purdon, Harriet Jackson, Amy Goldup   VictorianPlumbing@fticonsulting.com

 Houlihan Lokey UK Ltd (Nominated Adviser)                   +44 20 7484 4040

 Sam Fuller, Tim Richardson

 Barclays Bank PLC (Joint Broker)                            +44 20 7623 2323

 Nicola Tennent, Stuart Muress

 Numis Securities Limited (Joint Broker)                     +44 20 7260 1000

 Luke Bordewich, Tom Jacob, Oliver Steele

 

 

Additional information on Daniel Barton:

 

Daniel Barton, aged 36, holds or has held in the past five years the following
directorships and partnerships:

 

 

 Current  Past five years
 None     Mercia Group Limited (a trading subsidiary of Wilmington Group plc)

 

As at 2 February 2023, Mr Barton has 208,334 restricted share awards and
42,825 shares held.

 

Save as disclosed above, Mr Barton has confirmed that no further information
is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM
Rules for Companies.

 

 

About Victorian Plumbing Group

 

Victorian Plumbing is the UK's leading online specialist bathroom retailer,
offering a wide range of over 32,000 products to B2C and trade customers.
Victorian Plumbing offers its customers a one-stop shop solution for the
entire bathroom with more than 125 own and third-party brands across a wide
spectrum of price points.

 

The Group's product design and supply chain strengths are complemented by its
creative and brand-focused marketing strategy, which predominantly focuses on
online channels to drive significant and growing traffic to its website.

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