Franchise Brands PLC Appointment of Chief Financial Officer (3313H)
27 July 2023 - 4:01PM
UK Regulatory
TIDMFRAN
RNS Number : 3313H
Franchise Brands PLC
27 July 2023
27 July 2023
FRANCHISE BRANDS PLC
("Franchise Brands", the "Group" or the "Company")
Appointment of Chief Financial Officer
Franchise Brands plc (AIM: FRAN), an international multi-brand
franchise business, is pleased to announce the appointment of Mark
Fryer to the Board as Chief Financial Officer ("CFO") with effect
from 2 August 2023.
Mark Fryer is an experienced CFO with 25 years of public company
and private equity experience as CFO in global manufacturing and
business service companies. He has been CFO of FTSE Small Cap and
FTSE 250 companies, as well as companies quoted on the AIM market.
Mark's experience includes extensive M&A, operational and
business improvement experience in complex international
environments across a wide range of sectors, including waste,
business services, industrial services, franchising, manufacturing
and electronics.
Mark's recent roles include Group CFO of Augean plc, Dialight
plc and Manganese Bronze Holdings plc, and he worked overseas in
several of these roles. Prior to that he spent 11 years in finance
and corporate finance roles with GKN plc and Cable and Wireless
plc. Mark began his career with EY and is a Member of the Institute
of Chartered Accountants of England and Wales.
With the appointment of Mark Fryer as CFO, Andrew Mallows will
step down from his role of Interim CFO and from the Board and will
be returning to his former role as Group Commercial Director
(non-Board).
Stephen Hemsley, Executive Chairman, commented:
"We are pleased to welcome Mark to the Group. His extensive
experience in senior finance positions within listed, international
and business services companies will be invaluable as we continue
to drive the Group's growth across ten countries following the
acquisitions of Pirtek and Filta. I would also like to thank Andrew
Mallows for his tremendous contribution as interim CFO."
Mark Fryer commented:
"I am delighted to be joining such an ambitious business at an
exciting time in its development, following the recent
acquisitions. I look forward to working with Stephen and the team
to build on the Group's expanded platform of market-leading
franchise businesses and driving shareholder value over the coming
years."
The following additional information is provided in accordance
with Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for
Companies:
Mark Rupert Maxwell Fryer is aged 56 and currently is, and
during the last five years has been, a director of the following
companies:
Current directorships Former directorships within
the last five years
Colwall Consulting Ltd Augean LFT Claims Co Limited
Hopkinson Waste Holdings Augean Incineration Limited
Ltd Augean Limited
Preformed Windings Ltd Augean North Sea Services
Limited
Augean Treatment Limited
R N A Investments Limited
Colt Industrial Services
Limited
Augean North Limited
Hitech Equipment Limited
Augean South Limited
Augean Property Limited
Anexo Group Plc
Colwall Consulting Ltd
Professional and Legal Services
Limited
IGCA 2013 Limited
Direct Accident Management
Limited
Enquiries:
+ 44 (0) 1625 507
Franchise Brands plc 910
Stephen Hemsley, Executive Chairman
Andrew Mallows, Interim Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser +44 (0) 20 3328
and Joint Broker) 5656
Jeremy Porter / George Payne (Corporate Finance)
Amrit Nahal / Joscelin Pinnington (Sales
& Corporate Broking)
+44 (0) 20 3903
Dowgate Capital Limited (Joint Broker) 7715
James Serjeant / Russell Cook / Nicholas
Chambers
+44 (0) 20 7710
Stifel Nicolaus Europe Limited (Joint Broker) 7699
Matthew Blawat / Francis North
+44 (0) 20 3128
MHP Group (Financial PR) 8100
Katie Hunt / Catherine Chapman +44 (0) 7884 494112
franchisebrands@mhpgroup.com
About Franchise Brands plc
Franchise Brands is an international, multi-brand franchisor
focused on building market-leading businesses primarily via a
franchise model. The Group has a combined network of 655
franchisees across seven franchise brands in ten countries covering
the UK, North America and Europe.
Franchise Brands' focus is on B2B van-based reactive and planned
services. The Company owns several market-leading brands with a
long trading history, including Metro Rod, Metro Plumb, Filta and
Pirtek in Europe, all of which benefit from the Group's central
support services, in particular technology, marketing, management
experience and other group resources. At the centre of Franchise
Brands' business building strategy is helping its franchisees grow
their businesses: "if they grow, we grow".
Franchise Brands employs some 715 people across the Group.
For further information, visit www.franchisebrands.co.uk
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