Midwich Group PLC Appointment of Group Finance Director (7256N)
11 May 2018 - 4:31PM
UK Regulatory
TIDMMIDW
RNS Number : 7256N
Midwich Group PLC
11 May 2018
11 May 2018
Midwich Group Plc
("Midwich" or "the Group")
Appointment of Group Finance Director
The Board of Midwich, the leading specialist audio visual and
document solutions distributor to the trade market, today announces
that as part of a review of succession plans for the role of Group
Finance Director, Anthony "Tony" Bailey will step down as Group FD
and from the Board on 30 June 2018.
Tony requested that the role of Group Finance Director be
considered as part of the Group's succession process and having
helped steer the Group through its successful IPO in 2016, he now
wishes to focus on other interests. The Board is pleased to
announce that Stephen Lamb has been appointed to succeed Tony as
Group FD and will join the Group's Board on 30 July 2018.
Stephen Lamb is a qualified Chartered Accountant and is
currently Senior Vice President and Chief Financial Officer of the
International division of Iron Mountain INC, a US-listed global
business dedicated to storing, protecting and managing information
and assets. Whilst at Iron Mountain, Stephen has had a strong
commercial finance role supporting the profitable and cash
generative development of the international business. He has led an
international finance team, developed back office systems and
processes and overseen a number of international acquisitions.
Stephen has also held previous finance roles at Regus PLC and
Experian PLC.
Stephen Fenby, Managing Director of Midwich Group Plc, said:
"On behalf of the Board, I would like to take this opportunity
to thank Tony for the contribution he has made to Midwich's success
over the last six years. Tony helped prepare the Group for its IPO
in 2016 and its subsequent establishment as a public company. It
has been a pleasure to work alongside Tony and I wish him well for
the future.
"I am delighted that Stephen has agreed to join the Group and I
am confident that his recent experience with growing and managing
international businesses will be of great benefit to Midwich as we
continue to expand our footprint across the globe."
Stephen Lamb (aged 44) holds or has held the following
directorships or partnerships in the past five years:
Current Directorships Previous Directorships or
or Partnerships Partnerships
None Regus Finland Oy
--------------------------------
Bulevardi 7 Business Center
Oy
--------------------------------
Altio Business Centre Oy
--------------------------------
HELSINKI Mannerheiminaukio
Centre Oy
--------------------------------
Regus Management (Finland)
Oy
--------------------------------
Alberga Business Centre Oy
--------------------------------
Regus Innovation Tampere
Oy
--------------------------------
Regus Innovation Lappeenranta
Oy
--------------------------------
Regus Management (Sweden)
AB
--------------------------------
Petrasol Oy
--------------------------------
Experian Asia-Pacific Holdings
Pte. Ltd
--------------------------------
Experian Hong Kong Holdings
Limited
--------------------------------
Experian Hong Kong Limited
--------------------------------
Experian Credit Information
Company of India Private
Limited
--------------------------------
Experian Singapore Pte. Ltd
--------------------------------
Experian Information Technology
(Beijing) Company Limited
--------------------------------
There are no other matters which are required to be disclosed in
accordance with Rule 17 and paragraph (g) of Schedule Two of the
AIM Rules for Companies.
For further information please contact:
Midwich Group Plc via FTI Consulting
Stephen Fenby, Managing Director
Anthony Bailey, Finance Director
Investec Bank plc Tel: +44 (0)20 7597 5970
James Rudd / Carlton Nelson
/ Rob Baker
FTI Consulting Tel: +44 (0)20 3727 1000
Alex Beagley / Fern Duncan
/ Sam Power
Notes to Editors
Midwich Group is a specialist Audio Visual ('AV') and document
solutions distributor to the trade markets, operating across the
UK, Ireland, France, Australasia, Germany, Iberia and Benelux.
The Group's staff of around 750, who operate out of 16 offices,
are dedicated to continually enhancing our technical expertise,
building extensive product knowledge and delivering strong customer
service.
We have a large and diverse base of approximately 13,000
customers and long-standing relationships with around 330 vendors,
including blue chip organisations.
The Group supports a comprehensive product portfolio across
major technology categories such as large format displays,
projectors, technical and professional video, audio and digital
signage.
For further information, please visit
www.midwichgroupplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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