Card Factory PLC Directorate Change (0353E)
15 October 2018 - 8:00PM
UK Regulatory
TIDMCARD
RNS Number : 0353E
Card Factory PLC
15 October 2018
15 October 2018
Card Factory plc
("Card Factory" or the "Group")
Appointment of new Chairman following retirement of Geoff
Cooper
Card Factory, the UK's leading specialist retailer of greeting
cards, dressings and gifts, today announces that Geoff Cooper will
be retiring as Chairman, and from the Board, following the next
scheduled Board meeting on 18 October 2018.
Geoff advised the board in February 2018 that, for personal
reasons related to his health, he was considering his role as
Chairman of the Group and invited the board to seek a successor.
Following this, an extensive search process was initiated, led by
Card Factory's Senior Independent Non-Executive Director, Octavia
Morley, which identified Paul Moody as an ideal potential
successor. It has been agreed that Paul will be appointed to the
Board as Chairman with effect from 19 October 2018.
Paul has extensive experience in leadership roles, particularly
in the consumer sector. He spent almost 20 years at Britvic plc,
one of the leading branded soft drinks businesses in Europe,
including 8 years as CEO. In this role, he led its IPO in 2005 and
a number of significant acquisitions. He developed a strong and
enduring commercial franchise partnership with PepsiCo and
established an international footprint for Britvic.
Paul is Chairman of 4imprint Group plc, the leading direct
marketer of promotional products in the US, Canada and UK, and is
Non-Executive Director and Chair of the Remuneration Committee at
Pets at Home Group plc, the leading pet care company in the UK. He
was also previously Chairman of Johnson Service Group plc until
stepping down in August 2018.
Paul has also been appointed as the Chair of the Nomination
Committee and a member of the Remuneration Committee. In addition,
Roger Whiteside has been appointed a member of the Nomination
Committee.
Karen Hubbard, Card Factory's CEO commented:
"Geoff has made a significant contribution to the Group, having
overseen the significant development seen since IPO in 2014, and I
would like to thank him on behalf of the whole business for his
contribution, leadership and understand his wish to concentrate on
fewer commitments."
Geoff Cooper commented:
"It has been a pleasure to chair the Card Factory business over
the four years since IPO. We have achieved a lot with a great
business, returning GBP295.4 million, representing c86.6 pence per
share, to shareholders since our IPO in 2014. I am pleased to hand
over to Paul as the Group continues to implement its growth
strategy and I wish the business every success for the future."
Paul Moody added:
"I'm very excited to be joining Card Factory at this stage in
its evolution. It is a company with an enviable market leading
position, a unique business model and is presented with a number of
opportunities to build further value under its current strategy and
beyond."
There is no further information which would require disclosure
under 9.6.13R of the Listing Rules of the UK Listing Authority.
ENDS
Enquiries
Card Factory plc +44 (0) 1924 839150
Shiv Sibal, Company Secretary
MHP Communications +44 (0) 203 128 8100
Simon Hockridge cardfactory@mhpc.com
Tim Rowntree
Giles Robinson
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END
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