REG - Portmeirion Group - Appointment of Group Finance Director

PortmeirionAnnouncement

06/09/2024 07:00

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RNS Number : 1477D  Portmeirion Group PLC  06 September 2024

6 September 2024

 

PORTMEIRION GROUP PLC

('the Group')

 

Appointment of Group Finance Director

 

Portmeirion Group PLC, the owner, designer, manufacturer and omni-channel
retailer of leading homeware brands in global markets, announces the
appointment of a new Group Finance Director.

Jonathan Hill is joining the Group with immediate effect and has been
appointed as Group Finance Director with effect from 1 October 2024.  Subject
to the satisfactory completion of the required regulatory checks, Jonathan is
expected to join the Board as soon as practicable and a further update in this
regard will be provided in due course.

Jonathan is a qualified Chartered Accountant with over 20 years of finance and
leadership experience across multiple industry sectors having spent extensive
time living abroad heading up international finance teams and supporting sales
market development. He has driven business performance in diverse geographies
including the UK, Europe, USA and Asia and within multiple ownership models.
Jonathan has worked with major consumer goods brands such as Umbro (part of
Nike Inc) and has European and UK manufacturing experience at Ideal Standard
and Cormar Carpets.

Following sixteen years with the Group and five years on the Board, David
Sproston is stepping down from the Board and his role as Group Finance
Director to pursue new opportunities. During his time as Group Finance
Director, David has played a valuable role in leading the Finance function of
the Group through a number of acquisitions, navigating the business through
the challenges of Covid and a successful investor fundraising programme.
 David formally leaves the Board with effect from 30 September 2024 but will
be assisting the Group to ensure a smooth handover until 31 December 2024.

Dick Steele, Non-Executive Chairman, commented:

"We would like to thank David for his valuable contribution to the Group and
wish him well in the next stage of his career. He has played an important role
in the Group's significant progress and growth over the last 16 years. We
welcome Jonathan to our business and are excited about the wealth of
experience he brings from working across international markets - a key part of
our long term growth strategy."

 

ENQUIRIES:

 

 Portmeirion Group PLC:
 Mike Raybould, Chief Executive          +44 (0) 1782 743 443   mraybould@portmeiriongroup.com
 David Sproston, Group Finance Director  +44 (0) 1782 743 443   dsproston@portmeiriongroup.com

 Hudson Sandler:
 Dan de Belder                           +44 (0) 207 796 4133   portmeirion@hudsonsandler.com
 Nick Moore

 Emily Brooker

 Shore Capital:                          +44 (0) 207 408 4090

 (Nominated Adviser and Joint Broker):
 Patrick Castle                          Corporate Advisory

 Lucy Bowden
 Malachy McEntyre                        Corporate Broking

 Isobel Jones

 

 Singer Capital Markets

 (Joint Broker):         +44 (0) 207 496 3000
 Peter Steel             Investment Banking
 Asha Chotai

 

NOTES TO EDITOR:

Portmeirion Group PLC is a leading, omni-channel British ceramics manufacturer
and retailer of leading homeware brands.

 

Based in Stoke-on-Trent, United Kingdom, the Group owns six unrivalled
heritage and contemporary brands, with 750+ years of collective heritage;
Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé.

 

The Group serves markets across the world, with global demand driven by
diversified international markets including the key geographies of the US, UK
and South Korea.

 

Portmeirion Group has a proven capital-light, well developed and self-funded
growth strategy focused on building a wider customer base and growing the
sales footprint of its brands, through:

·    Building and growing international sales markets

·    Developing online sales channels in core markets

·    Designing and launching new product to widen appeal and take market
share

·    Leveraging brands and extensive product ranges

 

 

 

 

 

 

 

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