TIDMVCP

RNS Number : 9472T

Victoria PLC

12 January 2017

12 January 2017

Victoria PLC

('Victoria' or the 'Company')

Appointment of Chief Executive Officer

Victoria PLC, (LSE: VCP) a manufacturer, supplier and distributor of design-led flooring, is pleased to announce that Philippe Hamers will join the Company as Chief Executive Officer, a new Board position, and an Executive Board Director from 20 March 2017.

Philippe, 53, has over 25 years experience in the flooring industry and headed Europe's largest carpet manufacturing operation at Balta Group, for the previous six and a half years. Prior to joining the Balta Group, Philippe was General Manager of the Tufted and Woven Division of Beaulieu International Group. This exposure has given him extensive experience in running very large, multi-site, multi-national, manufacturing and sales organisation. Core attributes include developing new business opportunities, effectively managing senior management teams, delivering cost saving and other organic growth initiatives in order to build market share. He holds a Master of Business Economics degree from the University of Antwerp and an Advanced Management degree from Vlerick Business School. Philippe is multi-lingual and speaks Dutch, English, French and German fluently.

Based at Victoria's UK operations, Philippe will be responsible for overseeing Group wide activities and he will work closely with both Executive Chairman, Geoff Wilding and Michael Scott, Group Finance Director.

Geoff Wilding, Executive Chairman of Victoria commented:

"We are delighted to have such a well-known and highly regarded industry figure enhance further our strong management team at Victoria. Philippe joins Victoria at an exciting time of its development as we continue to prosper both in the UK and Australia. His international expertise and industry contacts will prove beneficial as we execute our advanced plans to expand into the growing EUR5 billion European flooring market. "

"Phillippe will be involved in all aspects of the business and his experience will be invaluable as we continue to drive profit improvements across the Group whilst at the same time maintain our acquisition-led growth objectives in 2017 and beyond."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. Philippe Marie Denis Jean Hamers, aged 53 years, has been a director of the following companies during the five years preceding the date of this announcement:

Current directorships Past directorships

Belides BVBA Balta Industries NV

Hamers Philippe BVBA

Save as set out above there are no further disclosures pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

For more information contact:

 
 Victoria PLC 
  Geoff Wilding, Executive Chairman 
  Michael Scott, Group Finance             +44 (0) 15 
  Director                                  6274 9300 
  Cantor Fitzgerald Europe (Nominated 
   Adviser & Broker) 
   Rick Thompson, Phil Davies, 
   Michael Reynolds (Corporate 
   Finance)                                 +44 (0) 20 
   Mark Westcott, Caspar Shand-              7894 7000 
   Kydd ( Sales) 
   finnCap (Joint Broker) 
   Matt Goode, Grant Bergman (Corporate 
   Finance)                                  +44 (0) 20 
   Tim Redfern (Corporate Broking)           7220 0500 
 Buchanan Communications 
  Charles Ryland, Victoria Hayns, 
  Jane Glover                              +44 (0) 20 
  victoriaplc@buchanan.uk.com               7466 5000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 12, 2017 02:00 ET (07:00 GMT)

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