REG - Victorian Plumbing - CEO Succession

Victorian PlumbingAnnouncement

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RNS Number : 2487U  Victorian Plumbing Group PLC  25 February 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

25 February 2026

 

Victorian Plumbing Group plc

("Victorian Plumbing" or the "Group")

 

CEO Succession

 

 

Victorian Plumbing (AIM: VIC), the UK's leading bathroom retailer, today
announces that Mark Radcliffe, the Group's Founder and current Chief Executive
Officer ("CEO") has decided he will relinquish his role as CEO with effect
from 31 March 2026 but will remain on the Board as a non-executive Founder
Director.

 

Following a thorough review of succession options, the Nomination Committee
concluded that Stephnie Judge, currently the Group's Managing Director ("Group
MD"), was the natural choice to succeed Mark. The Board is therefore pleased
to confirm that Stephnie has been appointed to the Board to succeed Mark as
CEO with effect from 1 April 2026. Mark and Stephnie will continue to work
closely together to ensure a smooth transition into their new roles.

 

Stephnie joined Victorian Plumbing in 2013 and, following a number of
promotions, was appointed Group MD in 2020. She has worked closely with Mark
on all operational and commercial aspects of the business and has played a key
role in the successful development and execution of the Group's strategy. Her
leadership has been instrumental in driving the Group's growth and delivering
key strategic initiatives, including: the recent warehouse transformation, the
acquisitions of Victoria Plum and Sovereign Transport Services, numerous
technology and customer proposition improvements, and the Group's entry into
the homewares market through the reimagined MFI brand. The Board is confident
that her extensive operational experience and intimate knowledge of the
business mean Stephnie is ideally placed to lead the Group.

 

Mark founded Victorian Plumbing in 2000 and has grown the business into the
UK's leading bathroom retailer. As a non-executive Founder Director, Mark will
remain actively engaged with the Group and its strategic direction, and will
continue to work closely with Stephnie and the wider team. Mark also remains a
substantial and committed shareholder in Victorian Plumbing.

 

In conjunction with the CEO succession plan, the Remuneration Committee of the
Board is currently reviewing the Executive Directors' reward and the long term
incentivisation of Victorian Plumbing's executive leadership team with a view
to ensuring that it remains optimised. The Board will provide an update to
shareholders in due course.

 

Philip Bowcock, Chair of Victorian Plumbing Group plc, commented:

"I am delighted that Stephnie has agreed to step up as CEO of Victorian
Plumbing. Her diligent approach to the delivery of the Group's strategic
initiatives stands us in very good stead as we look to the next phase of
growth. I have worked closely with Stephnie since becoming Chair and I share
Mark's confidence in her excellent leadership credentials. I have no doubt
that she is the right person to lead Victorian Plumbing through the next
chapter and beyond.

 

"The Board and the Group will continue to benefit from Mark's deep knowledge
of the company he has built, the marketing and technology that drives it and
the wider retail environment in his Founder Director role. I look forward to
working with him and Stephnie in their new roles."

 

Mark Radcliffe, CEO, commented:

"Victorian Plumbing has been on an amazing journey in the 25 years since I
founded it and I feel that now is the right time to hand over the reins.
Stephnie is the right person to guide Victorian Plumbing through the next
phase of growth and take advantage of the significant opportunities that lie
ahead.

 

"I have every confidence that Victorian Plumbing will continue to go from
strength to strength and I look forward to my new Founder Director role."

 

Stephnie Judge, CEO designate, said:

"I am honoured and excited to take over from Mark as CEO of Victorian
Plumbing, a company that he started from his parents' garden shed over two and
a half decades ago. I am confident that the strategy we have put in place
together is the right one, and I look forward to working with the executive
leadership team and Mark in his new Founder Director role as we continue to
win market share while delivering excellent value and choice for our
customers."

 

The information communicated within this announcement is deemed to constitute
inside information under the Market Abuse Regulation (EU) No. 596/2014 (as
amended) which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018.  The person responsible for arranging the release of this
announcement on behalf of the Company is Alex Singer, Company Secretary.

 

-ENDS-

 

 Victorian Plumbing Group plc                                              via FTI Consulting

 Mark Radcliffe, Chief Executive Officer                                   +44 20 3727 1000

 Daniel Barton, Chief Financial Officer

 FTI Consulting (Financial PR)                                             +44 20 3727 1000

 Alex Beagley, Harriet Jackson, Amy Goldup, Harleena Chana                 VictorianPlumbing@fticonsulting.com

                                                                         (mailto:VictorianPlumbing@fticonsulting.com)

 Houlihan Lokey UK Ltd (Nominated Adviser)                                 +44 20 7839 3355

 Sam Fuller, Tim Richardson

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

 Nicola Tennent, Stuart Muress

 Canaccord Genuity Limited (Joint Broker)  +44 20 7597 5970

 Bobbie Hilliam, Elizabeth Halley-Stott

 

 

About Victorian Plumbing

Victorian Plumbing is the UK's leading bathroom retailer, offering an
unrivalled high-quality product range and excellent stock availability to B2C
and trade customers.

 

Victorian Plumbing offers its customers a one-stop shop solution for the
entire bathroom with own and third party brands across a wide spectrum of
price points. Victorian Plumbing product design and supply chain strengths are
complemented by its creative and brand-focused marketing strategy to drive
significant and growing traffic to its platforms.

 

Launched in 2025, the Group also includes MFI, an online-only UK retailer,
offering a growing range of stylish homewares and furniture.

 

Headquartered in the North West, Victorian Plumbing and MFI employ staff
across several locations in the UK.

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