Joules Group plc Appointment of CFO (5920U)
April 07 2021 - 1:00AM
UK Regulatory
TIDMJOUL
RNS Number : 5920U
Joules Group plc
07 April 2021
Joules Group plc
("Joules" or the "Group")
Appointment of CFO
Joules, the premium British brand, is pleased to announce the
appointment of Caroline York as its new Chief Financial Officer
('CFO') following a thorough search process. Caroline will join
Joules no later than September 2021 from Moneysupermarket Group
Plc, the FTSE250 price comparison business, where she is currently
Finance Director. Prior to Moneysupermarket, Caroline held finance
leadership positions at Heathrow & BAA and, before that, held
roles at Atos KPMG and PwC.
As previously announced on 28 January 2021, Marc Dench, the
Group's outgoing CFO will step down from his position on the Board
on Tuesday 11 May 2021. Following this date, he will remain
available to the Group in a consultancy capacity to ensure a smooth
transition of responsibilities to Caroline.
In the period between Marc standing down from the Board and
Caroline joining the Board, the Group will appoint Jon Dargie,
currently the Group's Finance Controller, as Interim CFO. During
this period, Jon will report directly into the Joules Board.
Ian Filby, Non-Executive Chairman of Joules commented: "We are
delighted to announce Caroline's appointment as CFO and look
forward to welcoming her to the Group in the coming months.
Caroline's extensive experience in senior finance roles at strong
consumer brands and digital-led businesses made her the stand-out
candidate for the role.
I would like to reiterate our thanks to Marc for his significant
contribution to Joules during his time with the Group and his
commitment to ensure a smooth transition of responsibilities."
Nick Jones, Chief Executive Officer of Joules commented: "We are
delighted that Caroline is going to be our next CFO and I am
looking forward to working closely with her to deliver the next
chapter of Joules' long-term growth and development. I have no
doubt that Caroline's extensive understanding of digital and
brand-led businesses will be of great value to Joules moving
forward."
Caroline York, incoming CFO of Joules commented: "Joules is a
brand I have long admired and I am delighted to be joining as the
Group's new CFO. The business has a very exciting future with
significant opportunities to expand the brand and continue to
develop its first-class digital proposition. I am looking forward
to joining the team and helping the business to continue create
value for all stakeholders."
The following disclosures are required in accordance with Rule
17 and Schedule Two paragraph (g) of the AIM Rules for Companies
("AIM Rules"):
Caroline Jane York (maiden name Snashall), aged 47, has not held
any directorships or partnerships in the past five years.
There is no further information required to be disclosed under
Rule 17 or Schedule 2(g) of the AIM Rules for Companies.
Enquiries:
Joules Group plc Tel: +44 (0) 1858 435
255
Ian Filby, Non-Executive Chairman Or Via Hudson Sandler
Nick Jones, CEO
Marc Dench, CFO
Hudson Sandler (Financial PR) Tel: +44 (0) 20 7796
4133
Alex Brennan
Lucy Wollam
Peel Hunt LLP, Nominated Advisor Tel: +44 (0) 20 7418
and Joint Broker 8900
George Sellar
Andrew Clark
Liberum Capital Limited, Joint Broker Tel: +44 (0) 20 3100
2000
John Fishley
Edward Thomas
Joules - a premium lifestyle brand with an authentic British
heritage
Joules is a premium lifestyle brand with an authentic heritage.
The Joules brand is about family, fun and joy in the countryside.
Joules creates and curates exceptional products that brighten the
lives of its customer, delivered through a leading digital platform
that is supported by enticing experiences and stores that are
located in desirable locations relevant to the Joules customer's
lifestyle.
The Joules story began in 1989, when Tom Joule started selling
clothing on a stand at a country show in Leicestershire. Today, the
business designs and sells Joules branded clothing, footwear and
accessories for women, men and children ... with collections of
homeware, toiletries, lifestyle and pet product ranges that are
carefully designed and developed through selected licensing
partnerships
Joules' distinctive design-led products are complemented by an
increasingly broad customer offer provided through its digital
marketplace Friends of Joules, enabling third party brands to offer
curated, complementary products to the Joules customer base,
enhancing Joules' digital platform with thousands of products from
hundreds of creative businesses to give customers everything they
could ever need for a contemporary country lifestyle.
The Joules brand caters to its 1.5 million active customers
through its own digital platform, its retail stores in the UK and
at country shows and events. Joules extends its brand reach through
well-established 3(rd) party relationships - concessions, online
marketplaces and traditional wholesale - in the UK and
internationally.
Internationally, the brand has made good progress in its target
markets of the US and Germany, where the distinctive Joules brand
and products range resonate well with local customers.
International markets are served by wholesale partnerships and
dedicated Joules websites.
www.joules.com
www.joulesgroup.com
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