EXECUTIVE CHANGES: Mulberry finance chief exits; new Portmeirion chair

Tue, 21st Jan 2025 12:19

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and Tuesday and not separately reported by Alliance News:

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Mulberry Group PLC - Somerset, England-based luxury handbag maker - Finance Director Charles Anderson resigns, leaving the board on January 31 but continuing to assist Mulberry until August 1. Mulberry says it has started to look for a new finance director.

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Portmeirion Group PLC - Stoke On Trent, England-based designer, manufacturer and retailer of homeware brands such as Spode, Royal Worcester and Wax Lyrical, as well as company's namesake - Hires Peter Tracey to be non-executive chair, starting February 1. Tracey is managing director of Blackdown Partners Ltd, an independent investment bank. He also is a non-executive director of AIM-listed Inspired PLC. Tracey replaces Dick Steele, who will leave the board on January 31. Back in December, Portmeirion said pretax profit will be GBP1.0 million on GBP90 million in revenue in 2024, both below market expectations due to supply disruptions and destocking in South Korea. This will be down from headline pretax profit of GBP3.0 million on GBP102.7 million in revenue in 2023.

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AFC Energy PLC - Surrey, England-based hydrogen power generation technologies - Karl Bostock joins AFC as chief financial officer on Monday, completing the company's new leadership team. Earlier this month, John Wilson joined as chief executive officer, allowing Gary Bullard to revert to non-executive chair. The management changes had been first announced in September and December last year.

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Argo Blockchain PLC - cryptocurrency mining from facility in Quebec, Canada - CEO Thomas Chippas will leave the company on February 28. CFO Jim MacCallum will be interim CEO while Argo looks for a new CEO.

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By Tom Waite, Alliance News editor

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