REG - Zotefoams PLC - Group CFO succession

ZotefoamsAnnouncement

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RNS Number : 7107G  Zotefoams PLC  30 April 2025

Zotefoams plc

('Zotefoams', the 'Company' or 'Group')

 

Group CFO succession

30 April 2025 - Further to the announcement on 3 March 2025 regarding the
forthcoming retirement of Gary McGrath as Group Chief Financial Officer (CFO),
Zotefoams (LSE: ZTF) is pleased to announce the appointment of Nick Wright as
Group CFO.

 

Nick will join the Company no later than 27 October 2025 and will be appointed
to the Board as an Executive Director. Following stepping down from the board,
Gary will remain employed by the company until the end of February 2026 where
he will support a smooth transition as part of the managed succession process.

 

Nick is an ACA-qualified Chartered Accountant and experienced finance leader
with over 20 years of expertise in financial management, transformation, and
business leadership across a range of sectors. He began his career at KPMG,
where he spent 12 years in audit and advisory roles. He then moved into
industry, delivering significant improvements in financial performance and
operational efficiency. At e2v plc (later acquired by Teledyne) as Senior
Director of Finance and Control, Nick led major restructuring and integration
efforts, driving margin improvement, working capital reduction, and investor
communications. Following this, he played a key role as Group Financial
Controller in transforming the finance function at S4 Capital, a listed
digital advertising business, rebuilding its financial infrastructure and
controls.

 

Nick brings deep technical expertise, a sharp analytical mindset, and a
collaborative leadership style, positioning him strongly to help lead
Zotefoams through its next phase of growth. He holds a BA from St Anne's
College, Oxford.

 

Ronan Cox, Group CEO of Zotefoams, commented:

 

"On behalf of the Board, I am delighted to welcome Nick to Zotefoams.  His
blend of manufacturing sector experience and listed company transformation
expertise makes him exceptionally well-placed to support our strategic growth
ambitions.

 

"We would also like to express our sincere gratitude to Gary for his
significant contribution to the Company.  He has played a pivotal role in
supporting Zotefoams through a period of strong growth and we wish him all the
very best for his retirement."

 

This announcement includes the information required by UKLR 6.4.6, and there
is no information to report under UKLR 6.4.8R.

 

Enquiries:

 

 Zotefoams plc            +44 (0) 208 664 1600
 Ronan Cox, Group CEO
 Gary McGrath, Group CFO

 IFC Advisory             +44 (0) 203 934 6630
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in supercritical fluid foam
technology, delivering optimal material solutions for the benefit of society.
Utilising a variety of unique manufacturing processes, including
environmentally friendly nitrogen expansion for lightweight AZOTE® and
ZOTEK® high-performance foams, Zotefoams sells to diverse markets worldwide
across three market verticals, Consumer & Lifestyle, Transport & Smart
Technologies, and Construction & Other Industrial. Zotefoams uses its own
materials to manufacture T-FIT® advanced insulation for demanding industrial
markets.

 

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites
in Kentucky, USA and Brzeg, Poland (foam manufacture), and foam products
conversion in Oklahoma, USA and Jiangsu Province, China (T-FIT).

 

www.zotefoams.com

 

AZOTE®, ZOTEK® and T-FIT® are registered trademarks of Zotefoams plc.

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