Victorian Plumbing Group plc CFO Succession (0791P)
February 07 2023 - 1:00AM
UK Regulatory
TIDMVIC
RNS Number : 0791P
Victorian Plumbing Group plc
07 February 2023
7 February 2023
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Group")
CFO Succession
Victorian Plumbing Group plc (AIM: VIC), the UK's leading online
specialist bathroom retailer, announces that Paul Meehan, the
Group's Chief Financial Officer ("CFO"), has advised the Board that
he wishes to step down from his role on 31 March 2023 in order to
pursue other opportunities. The Board is pleased to announce that
Daniel (Dan) Barton, currently the Group's Director of Finance, has
been chosen to replace Paul as CFO. As a result, Dan will be
appointed to the Board on 1 April 2023. Paul will remain with the
business during his notice period until 30 June 2023 to ensure an
orderly handover of his responsibilities. Dan has also recently
assumed the role of Company Secretary.
Dan joined Victorian Plumbing in August 2022 from DWF Group plc,
where he was Deputy CFO for three years. Prior to this, Dan was
Deputy CFO and Company Secretary at Wilmington Group plc, having
previously qualified as a Chartered Accountant at PwC LLP.
Mark Radcliffe, Founder & CEO of Victorian Plumbing,
commented:
"I would like to take this opportunity, on behalf of the Board,
to thank Paul for his significant contribution to Victorian
Plumbing since he joined the business in 2020. His work preparing
the finance function and the wider Group for its IPO in 2021 has
ensured that the business has the necessary systems and structures
in place to deliver its growth ambitions. We wish Paul all the best
with his future endeavours.
"I am delighted that Dan has agreed to take up the CFO position.
He has worked alongside Paul since last year and has already made a
significant contribution to the finance function and the wider
Group and the Board are confident that he is the right person to
succeed Paul as CFO."
-ENDS-
For further information, please contact:
Victorian Plumbing Group plc via FTI Consulting
Mark Radcliffe, Chief Executive Officer +44 20 3727 1000
Paul Meehan, Chief Financial Officer
Daniel Barton, Director of Finance
and Company Secretary
FTI Consulting (Financial PR) +44 20 3727 1000
Alex Beagley, Eleanor Purdon, Harriet VictorianPlumbing@fticonsulting.com
Jackson, Amy Goldup
Houlihan Lokey UK Ltd (Nominated Adviser)
Sam Fuller, Tim Richardson +44 20 7484 4040
Barclays Bank PLC (Joint Broker)
Nicola Tennent, Stuart Muress +44 20 7623 2323
Numis Securities Limited (Joint Broker)
Luke Bordewich, Tom Jacob, Oliver Steele +44 20 7260 1000
Additional information on Daniel Barton:
Daniel Barton, aged 36, holds or has held in the past five years
the following directorships and partnerships:
Current Past five years
None Mercia Group Limited (a trading
subsidiary of Wilmington Group
plc)
--------------------------------
As at 2 February 2023, Mr Barton has 208,334 restricted share
awards and 42,825 shares held.
Save as disclosed above, Mr Barton has confirmed that no further
information is required to be disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies.
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading online specialist
bathroom retailer, offering a wide range of over 32,000 products to
B2C and trade customers. Victorian Plumbing offers its customers a
one-stop shop solution for the entire bathroom with more than 125
own and third-party brands across a wide spectrum of price
points.
The Group's product design and supply chain strengths are
complemented by its creative and brand-focused marketing strategy,
which predominantly focuses on online channels to drive significant
and growing traffic to its website.
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END
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