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RNS Number : 9478Y Zotefoams PLC 03 March 2025
Zotefoams plc
("Zotefoams", the "Company" or the "Group")
CFO Retirement
3 March 2025 - The Company today announces that, Gary McGrath, Group CFO, will
retire from his role during 2025. A search process for Gary's successor is
underway and the Board will provide an update once this has concluded. Gary
will remain in his existing role until 31(st) October 2025, or longer if
required, as part of a managed succession process.
Ronan Cox, Zotefoams plc CEO said: "On behalf of the Board, I would like to
thank Gary for his exceptional contribution to Zotefoams over the past nine
years, during which revenue has grown from £53.9m to £147.8m and underlying
profit before tax has grown three-fold. His financial leadership and strategic
vision, particularly during the volatile market conditions the industry has
experienced in recent years, has positioned the Company strongly for future
success and we wish him all the best in his retirement."
Gary McGrath, Group CFO added: "I am proud of what we have achieved at
Zotefoams during my tenure. The Company has evolved significantly, and I am
confident that it is well-positioned for continued success under Ronan's
strategic vision. While I look forward to my next chapter, I remain fully
committed to ensuring a smooth transition for my successor."
Enquiries:
Zotefoams plc +44 (0) 208 664 1600
Ronan Cox, Group CEO
Gary McGrath, Group CFO
IFC Advisory (Financial PR & IR) +44 (0) 203 934 6630
Graham Herring
Tim Metcalfe
Zach Cohen
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