29
October 2024
Ultimate Products
plc
("Ultimate Products", the
"Company" or the "Group")
Confirmation of Board
Changes
Ultimate Products, the owner of a
number of leading homeware brands including Salter (the UK's oldest
houseware brand, est.1760) and Beldray (est.1872), confirms that,
following its announcement on 3 September 2024, Andrew Milne and
José Carlos González-Hurtado have now formally joined the Board as
Non-Executive Directors. Additionally, Jill Easterbrook has
formally stood down from the Board.
With immediate effect, Andrew has
been appointed Chair of the Remuneration Committee, while José
Carlos has been appointed Chair of the ESG Committee. In line with
our medium-term succession planning, Robbie Bell, Board member
since March 2017, has been appointed to the role of Senior
Independent Director. Alan Rigby remains on the Board and will
continue to serve on Audit & Risk, Remuneration and Nomination
committees. Robbie will retain his position as Chair of the Board's
Audit and Risk Committee and will continue as a member of the
Nomination and Remuneration committees.
For more information, please
contact:
Ultimate Products +44 (0) 161 627
1400
Andrew Gossage, CEO
Chris Dent, CFO
Shore Capital +44 (0) 20 7408
4090
Malachy McEntyre (Corporate
Broking)
Isobel Jones (Corporate
Broking)
Mark Percy (Corporate
Advisory)
David Coaten (Corporate
Advisory)
Harry Davies-Ball (Corporate Advisory)
Cavendish Capital Markets Limited +
44 (0)20 7220 0500
Carl Holmes (Corporate
Finance)
Matt Goode (Corporate
Finance)
Abigail Kelly (Corporate
Finance)
Charlie Combe (ECM)
Sodali & Co +44 (0) 207 250
1446
Rob Greening
Sam Austrums
Oliver Banks
Notes to Editors
Ultimate Products is the owner of a
number of leading homeware brands including Salter (the UK's oldest
houseware brand, established in 1760) and Beldray (a laundry, floor
care, heating and cooling brand that was established in 1872).
According to its market research, nearly 80% of UK households own
at least one of the Group's products.
Ultimate Products sells to over 300
retailers across 45 countries, and specialises in five product
categories: Small Domestic Appliances; Housewares; Laundry; Audio;
and Heating and Cooling. Other brands include Progress (cookware
and bakeware), Kleeneze (laundry and floorcare), Petra (small
domestic appliances) and Intempo (audio).
The Group's products are sold to a
broad cross-section of both large national and international
multi-channel retailers as well as smaller national retail chains,
incorporating discount retailers, supermarkets, general retailers
and online retailers.
Founded in 1997, Ultimate Products
employs over 370 staff, a significant number of whom have joined
via the Group's graduate development scheme, and is headquartered
in Oldham, Greater Manchester, where it has design, sales,
marketing, buying, quality assurance, support functions and
warehouse facilities across two sites. Manor Mill, the Group's head
office, includes a spectacular 20,000 sq ft showroom that showcases
each of its brands. In addition, the Group has an office and
showroom in Guangzhou, China and in Paris, France.
Please note that Ultimate Products
is not the owner of Russell Hobbs. The company currently has
licence agreements in place granting it an exclusive licence to use
the "Russell Hobbs" trademark for cookware and laundry (NB this
does not include Russell Hobbs electrical appliances).
For further information, please
visit www.upplc.com
.