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:
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Portmeirion Group PLC:
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Mike Raybould, Chief Executive
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+44 (0) 1782 743 443
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mraybould@portmeiriongroup.com
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David Sproston, Group Finance Director
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+44 (0) 1782 743 443
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dsproston@portmeiriongroup.com
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Hudson Sandler:
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Dan de Belder
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+44 (0) 207 796 4133
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portmeirion@hudsonsandler.com
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Nick Moore
Emily Brooker
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Shore Capital:
(Nominated Adviser and Joint
Broker):
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+44 (0) 207 408 4090
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Patrick Castle
Lucy Bowden
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Corporate Advisory
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Malachy McEntyre
Isobel Jones
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Corporate Broking
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Singer Capital Markets
(Joint Broker):
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+44 (0) 207 496 3000
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Peter Steel
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Investment Banking
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Asha Chotai
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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:
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Building and growing international sales
markets
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Developing online sales channels in core
markets
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Designing and launching new product to widen
appeal and take market share
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Leveraging brands and extensive product
ranges