TIDMSDG
RNS Number : 3490N
Sanderson Design Group PLC
29 September 2021
For immediate release 29 September 2021
SANDERSON DESIGN GROUP PLC
("Sanderson Design Group", the "Company" or the "Group")
Directorate Change
Sanderson Design Group PLC (AIM: SDG), the luxury interior
design and furnishings group, announces that Mike Woodcock, an
experienced finance director with a track record in brand-based
businesses, will join the Company early next month, becoming Chief
Financial Officer and a Board director on 1 November 2021. Michael
Williamson, the Company's current Chief Financial Officer, will
step down from the Company on 31 October 2021 to pursue new career
opportunities.
Mike Woodcock qualified as an accountant at KPMG and has
significant experience of international luxury and consumer brands
in the quoted and private sectors. From 2001 until 2015, Mike was
at Richemont Group, where his increasingly senior roles included
CFO of Alfred Dunhill and CFO of Montblanc. He then moved to
Belstaff as CFO until its sale in 2019. Most recently he was CFO of
Paperchase under its current private equity ownership.
Mike will join Sanderson Design Group on 4 October 2021 in the
role of Group Financial Officer, enabling a handover period prior
to his becoming Chief Financial Officer.
Dianne Thompson, Chairman of Sanderson Design Group, said:
"First, on behalf of the Board, I wish to express sincere thanks
to Michael Williamson for his significant contribution to the
Company, both as Interim CFO and as Chief Financial Officer.
Michael led the Group's finances through the challenging periods of
Covid and Brexit, playing a crucial role in substantially improving
the operating performance, strategic planning, financial control,
cash management and liquidity of the business. We wish him every
success with his new career opportunities.
"I would also like to welcome Mike Woodcock to the Company. His
breadth of experience of luxury consumer brands will be of great
value as we continue to deliver our strategy for the Company's
growth."
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies.
Michael John Woodcock ( 48 years of age) has been a director or
partner of the following companies during the five years preceding
the date of this announcement:
Current directorships and/or partnerships Past directorships and/or
partnerships
Paperchase Products Limited Belstaff Property Limited
Paperchase Designs Ireland Limited Belstaff International Limited
Murtrang Limited Castlegate 790 Limited
Murtranh Limited Castlegate 791 Limited
Paperchase Canada Retail Ltd
Paperchase Products Limited, a company of which Mike Woodcock
was appointed a director on 2 September 2019, was placed into
administration on 28 January 2021, the process of which is
ongoing.
Paperchase Canada Retail Ltd, a company of which Mike Woodcock
was a director of from 2 September 2019 until 2 September 2021, was
placed into bankruptcy on 2 September 2021.
Murtrang Limited, the holding company of Paperchase Products
Limited and a company of which Mike Woodcock was appointed a
director on 2 September 2019, was placed into voluntary creditors
liquidation on 10 June 2021, the process of which is ongoing.
Murtranh Limited, the holding company of Murtrang Limited and a
company of which Mike Woodcock was appointed a director on 2
September 2019, was placed into voluntary creditors liquidation on
10 June 2021, the process of which is ongoing.
There is no further information to be disclosed pursuant to Rule
17 or Schedule Two paragraph (g) of the AIM Rules for
Companies.
For further information:
Sanderson Design Group PLC c/o Buchanan +44 (0) 20
7466 5000
Lisa Montague, Chief Executive Officer
Michael Williamson, Chief Financial
Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser
and Broker) +44 (0) 20 7597 5970
David Anderson / Alex Wright / Ben
Farrow
Buchanan +44 (0) 20 7466 5000
Mark Court / Sophie Wills / Toto
Berger
SDG@buchanan.uk.com
Notes for editors:
About Sanderson Design Group
Sanderson Design Group PLC is a luxury interior furnishings
company that designs, manufactures and markets wallpapers, fabrics
and paints. In addition, the Company derives licensing income from
the use of its designs on a wide range of products such as bed and
bath collections, rugs, blinds and tableware.
Sanderson Design Group's brands include Zoffany, Sanderson,
Morris & Co., Harlequin, Scion, Clarke & Clarke and Archive
by Sanderson Design.
The Company has a strong UK manufacturing base comprising Anstey
wallpaper factory in Loughborough and Standfast & Barracks a
fabric printing factory, in Lancaster. Both sites manufacture for
the Company and for other wallpaper and fabric brands.
Sanderson Design Group employs approximately 600 people, and its
products are sold worldwide. It has showrooms in London, New York,
Chicago, Paris, Amsterdam, and Dubai.
Sanderson Design Group trades on the AIM market of the London
Stock Exchange under the ticker symbol SDG.
For further information please visit:
www.sandersondesigngroup.com
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