Franchise Brands PLC Senior management appointment (3117B)
April 03 2017 - 2:04AM
UK Regulatory
TIDMFRAN
RNS Number : 3117B
Franchise Brands PLC
03 April 2017
3 April 2017
FRANCHISE BRANDS PLC
("Franchise Brands" or the "Group" or the "Company")
Senior management appointment
Franchise Brands plc, a multi-brand international franchisor,
announces that Colin Rees has been appointed to the new position of
Chief Information Officer (a non-Board position), effective 1 April
2017.
Colin was until very recently Director of IT at Domino's Pizza
where he was responsible for the IT infrastructure of the business
from the point-of-sale system in over 1,000 stores, via the mobile
and Web ordering system, through to the recently launched ERP
infrastructure. He previously held a number of senior IT roles at
EasyJet including Head of Software Delivery. Colin started his
career at Argos plc and held a number of positions over a 10-year
period.
Commenting on the appointment Stephen Hemsley, Executive
Chairman, said:
"I am delighted Colin is joining Franchise Brands at such an
exciting time for the Group. Colin has over 25 years of IT
experience gained across a number of blue chip companies and for
the past 6 years I have greatly enjoyed working with him in his
role as Director of IT at Domino's Pizza. With the forthcoming
completion of the acquisition of Metro Rod Limited, Franchise
Brand's information and IT requirements will be of central
importance to the Group and Colin will become a key member of our
commercial team, helping to drive efficiency and synergies across
the enlarged Group through enhanced and common operating,
management information and workflow systems."
Options over 285,000 new ordinary shares of 0.5 pence each in
the Company, exercisable at a price of 87.5p per share, have been
issued to Colin under the Company's existing long term incentive
plan ("LTIP"). Subject to the rules of the LTIP, these options will
vest on or after the third anniversary of their issue. The exercise
price of the options represents the closing mid-market price of the
Company's shares on 31 March 2017.
- Ends -
For further information, please contact:
Franchise Brands plc + 44 (0) 800 012 6462
Stephen Hemsley, Executive Chairman
Julia Choudhury, Corporate Development Director
MHP Communications +44 (0) 20 3128 8100
(Financial PR) franchisebrands@mhpc.com
Katie Hunt / Hannah Winter
Allenby Capital Limited +44 (0) 20 3328 5656
(Nominated Adviser and Joint Broker)
Jeremy Porter/ James Thomas / Liz Kirchner
Dowgate Capital Stockbrokers +44 (0)1293 517744
(Joint Broker)
James Serjeant / Neil Badger
This information is provided by RNS
The company news service from the London Stock Exchange
END
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