Appointment of Chief Financial Officer

RNS Number : 7801E

Headlam Group PLC

11 May 2017

 

  11 May 2017

Headlam Group plc

('Headlam' or the 'Company')

Appointment of Chief Financial Officer

Headlam Group plc (LSE: HEAD), Europe's largest distributor of floorcoverings, is pleased to announce the appointment of Chris Payne as Chief Financial Officer and Executive Director of the Board. Chris will join the Company on or before 8 November 2017. A further announcement on the exact timing will be made in due course.

Chris, 44, is currently Group Commercial Finance Director at Biffa plc ('Biffa'), a leading UK integrated waste management company, where his responsibilities include overseeing all the operational finance teams and divisional Finance Directors.

Chris joined Biffa in July 2013 as Finance Director of the Industrial and Commercial Division, and was previously at Mitie Group plc, the facilities management and consultancy company, between January 2008 and July 2013 where he held two divisional Finance Director positions.

Chris is a qualified Chartered Accountant having trained with KPMG and is a fellow of the Institute of Chartered Accountants in England and Wales.

 Steve Wilson, Chief Executive, said:

"I am delighted that Chris is joining Headlam. He has over 20 years' experience within the service industry and a broad range of expertise, and will be a great addition as we implement our plans to further improve the operating performance of the Company going forward."

No further information is required to be disclosed pursuant to LR 9.6.13

Enquiries:

Headlam Group plc
Steve Wilson, Chief Executive Catherine Miles, Director of Communications		Tel: [phone] Tel: [phone]
Investec Bank plc (Joint Corporate Broker)		Tel: [phone]
Garry Levin / David Flin / Alex Wright
Arden Partners plc (Joint Corporate Broker)		Tel: [phone]
Jonathan Keeling / Steve Douglas
Buchanan (Financial PR and IR)		Tel: [phone]
Mark Court / Sophie Cowles / Catriona Flint

Notes for Editors:

Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.

Headlam provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.

The Company is engaged with suppliers across 16 countries whose products cover a significant proportion of the floorcoverings market (including carpet, residential vinyl, wood, laminate, luxury vinyl tile, underlay and commercial flooring). The Company's customers are within the residential and commercial sectors and comprise principally independent retailers and flooring contractors.

The Company currently comprises 61 wholly-owned businesses in the UK and Continental Europe each operating under their own trade brand and utilising their individual sales team which achieves a greater reach into the customer base.

Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe that comprises four distribution hubs, 18 distribution centres, 55 service centres and a corporate showroom.

 

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