Directorate Change

RNS Number : 4095V

Reach PLC

23 July 2018

 

23 July 2018

Reach plc (the "Company")

Directorate Change

The Board of Reach plc is pleased to announce the appointment of Simon Fuller as Chief Financial Officer of the Company. His start date will be confirmed in due course.

Simon is currently the Chief Financial Officer at McColl's Retail Group plc ("McColl's"), a position he has held since April 2016. Simon joined McColl's in October 2015 as Deputy Chief Financial Officer. Prior to this, he worked for 7 years at Tesco in a range of UK Finance Director roles, covering logistics and supply chain, operations, online and trading. Earlier in his career Simon had senior finance roles at BT and COLT, having qualified as a Chartered Accountant with PricewaterhouseCoopers in 2001. Simon is a trustee of the Foundation Years Trust.

Simon Fox, Chief Executive of Reach plc, commented:

"I am delighted to welcome Simon to Reach plc. He brings a strong set of financial, operational and strategic skills to the Board and will play a key role in integrating the recently acquired Northern & Shell assets and continue Reach plc's transformational journey."

Simon Fuller commented:

"I am very excited to be joining Reach plc at such an interesting time, as the business continues to successfully evolve from its roots in print media to an increasingly digitally-focussed group. I very much look forward to working with Simon and the team to help deliver the Company's strategic plans."

Simon's appointment follows an extensive search conducted by external search consultants, which involved consideration of a wide field of candidates.

As previously announced, the Board anticipates that Vijay Vaghela will step down from the Board of Directors as Group Finance Director and Company Secretary when Simon joins Reach. Exact timings have yet to be agreed and will be disclosed at the appropriate time.

There are no further disclosures to be made pursuant to paragraph 9.6.13R of the Listing Rules.

Enquiries

Reach
Simon Fox, Chief Executive Vijay Vaghela, Group Finance Director and Company Secretary		020 7293 3553
Brunswick
Nick Cosgrove, Partner		020 7404 5959
Will Medvei, Director

 

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