IG Design Group PLC Directorate Change (1967C)
21 Febrero 2022 - 1:00AM
UK Regulatory
TIDMIGR
RNS Number : 1967C
IG Design Group PLC
21 February 2022
21 February 2022
IG Design Group plc
("Design Group", the "Company" or the "Group")
Directorate Change
IG Design Group plc today announces that after 17 years with the
Group, and 14 years as Group CEO, Paul Fineman will, for personal
reasons, be stepping down as Group Chief Executive Officer as of 1
March 2022. A search is commencing for a successor.
Executive Board Director Lance Burn who has been with the Group
for over 10 years will take on the role of interim Group Chief
Operating Officer, leading the business on a day-to-day basis. This
follows his previous role as CEO of the Group's International
Division. Stewart Gilliland, Non-Executive Chairman will also be
taking a more active role with the support of the wider team.
The Board is at the final stages of the appointment of the
Group's new CFO and has agreed that Giles Willits will remain with
the Group until June 2022.
The Group's trading in January was in line with the Company's
latest forecasts, with the business continuing to successfully
build its orderbook for the new financial year. In the USA, Lance
in his role as interim Group COO is now leading the review of the
Design Group Americas business, following the exit of Gideon
Schlessinger, DGA Chief Executive Officer.
Stewart Gilliland, Non-Executive Chairman, commented:
" There is no doubt that Paul's contribution to the Group has
been significant; diversifying the business and strengthening our
omni-channel customer relationships. Paul led the transformation
from International Greetings to the global, diversified business
that Design Group is today, with revenues now approaching $1bn.
We would like to thank Paul whole-heartedly for his committed
service across many years and we wish him well for the future."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU No. 596/2014) which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
For further information, please contact:
IG Design Group plc Via Alma PR
Stewart Gilliland, Non-Executive Chairman
Giles Willits, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser Tel: 0207 523
and Broker) 8000
Bobbie Hilliam, NOMAD
Alex Aylen, Sales
Alma PR Tel: 0203 405
0205
Rebecca Sanders-Hewett
Susie Hudson
Sam Modlin
About IG Design Group plc
IG Design Group plc, the largest consumer gift packaging
business in the world, is a designer, innovator and manufacturer of
products that help people celebrate life's special occasions.
Design Group works with more than 11,000 customers in over 80
countries throughout the UK, Europe, Australia and the USA.
Its products are found in over 210,000 retail outlets, including
several of the world's biggest retailers, for example Walmart,
Target, Amazon, Costco, Lidl and Aldi. Its brand, Tom Smith, also
holds the Royal Warrant for the supply of Christmas crackers and
Christmas wrapping paper to the Royal family. Design Group is a
diverse business operating across multiple regions, categories,
seasons and brands.
Its five major product categories are: Celebrations, Gifting,
Craft & creative play, Stationery and 'Not-for-resale'
consumables. It offers customers a full end-to-end service from
design through to distribution, offering both branded and bespoke
products from the value-focused through to the higher-margin ends
of the market.
The Company was admitted to the Alternative Investment Market of
the London Stock Exchange in 1995 under the name 'International
Greetings plc' and rebranded to IG Design Group plc in 2016. For
further information please visit www.thedesigngroup.com.
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END
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