LONDON (Alliance News) - Toilet tissue maker Accrol Group Holdings PLC said Monday it appointed James Townsley its new chief financial officer with immediate effect.
Townsley will replace interim finance head Martin Leitch. Leitch - who only joined Accrol's board in November - temporarily replaced former Chief Financial Officer James Flude in February after the latter announced his intention to stand down in late January.
Townsley joins Accrol from boiler installer Help-Link where he served as finance director. Prior to this, he served a number of finance roles across retail and distribution businesses including Dixons, Safeway and Exertis.
"I have seen Steve's expertise and tenacity in action and his experience will be a strong asset, as we continue the turnaround of the business," Accrol Chairman Dan Wright said. "His appointment strengthens Accrol's new management team further and will help ensure that the business is best placed to continue to grow and develop its leading position with retail customers."
Accrol Chief Executive Officer Gareth Jenkins added: "We are very pleased that someone of Steve's calibre has chosen to join us. The business will benefit considerably from his broad and relevant experience across a range of connected sectors and I welcome him to the team. The board thanks Martin for the valuable work he has completed in recent months, especially in the business turnaround plan which remains fully on schedule, and wishes him well in the future."
Shares in Accrol were 1.7% higher at 23.12 pence on Monday.
Accrol Gp (ACRL)