Directorate Change

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 [phone]
Lisa Montague, Chief Executive Officer
Michael Williamson, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser and Broker)	[phone]
David Anderson / Alex Wright / Ben Farrow
Buchanan	[phone]
Mark Court / Sophie Wills / Toto Berger

[e-mail]

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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