Appointment of Chief Financial Officer

ScS Group PLC

04 July 2023

 

ScS Group plc

("ScS", or the "Group")

Appointment of Chief Financial Officer

ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce the appointment of Mark Fleetwood as Chief Financial Officer (CFO). He will join the Board of the Group and take up his role as CFO on 4 September 2023.

Mark has significant retail and PLC experience. He most recently served a five-year term as CFO of END. (endclothing.com), the digital-led global fashion retailer based in the North East, where he supported the high-growth ambitions with revenue more than doubling to circa £220m. Prior to this, he was Corporate Finance Director at Grainger plc, the UK's largest listed residential landlord. Before Grainger, he held senior roles at N+1 Singer and Brewin Dolphin. Mark is a chartered accountant (FCA) having qualified with KPMG in 2005.

Chris Muir, the Group's incumbent CFO who notified the Board of his intention to step down in December 2022, will remain actively involved with the business as Executive Director to ensure an orderly transition and to oversee publication of the Group's Preliminary Results in October. Chris will remain available until late 2023, when he will step down from the Board and depart having served his 12-month notice.

Steve Carson, CEO of ScS, commented:

"Mark is a fantastic addition to our business and brings significant digital, retail and PLC experience to the Board. He has a growth mind-set and strong track record of delivery, which will support us as we continue to progress our strategy. Mark will play a key part in the continued development of our growth plans and ambitions for the future, and we look forward to welcoming him. I would like to take this opportunity to thank Chris for his exceptional contribution to ScS in his seven years with the business. He is staying with us to oversee results and ensure an orderly transition. We will miss him when he leaves and we all wish him well for the future."

Mark Fleetwood, incoming CFO, commented:

"I have been impressed by the team at ScS and their desire to move the business forward. I'm very much looking forward to getting to know the Group and its people, and to working with Steve, the wider team, and the Board, to help develop and deliver the strategy, and to continue to build value for stakeholders."

No information pursuant to LR 9.6.13 R is required to be disclosed.

Mark is a currently a Director of North Alignment Limited. He currently holds no shares in ScS.

Enquires:

ScS Group PLC Steve Carson, Chief Executive Officer	c/o Buchanan [phone]
Buchanan Richard Oldworth Toto Berger Verity Parker	Tel: [phone] [e-mail]
Shore Capital Patrick Castle James Thomas	Tel: [phone]

 

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