Science in Sport PLC - London-based performance nutrition firm - Chief Executive Officer Stephen Moon steps down with immediate effect, remaining employed and on garden leave during his notice period. Chair Dan Wright has been appointed executive chair. Wright says: "We would like to thank Stephen for the role he has played with the company for over a decade. He has been instrumental in Science in Sport and PhD becoming leading sports nutrition brands, culminating in the completion of the world-class supply chain facility in Blackburn that is pivotal for the next phase of profitable growth."
Moon comments: "It has been a privilege to serve as chief executive for over the last ten years. Over my tenure, the business has grown from humble beginnings to a world-class manufacturing facility, with a global omnichannel presence underpinned by two market leading brands. This could not have been delivered without the hard work and dedication of a talented workforce that I have had the pleasure to lead over this period. The business is set up to leverage the investment made in the Blackburn facility, which I believe will deliver continued high levels of growth and profitability over the long term."
Current stock price: 11.75 pence, flat
12-month change: down 24%
By Greg Rosenvinge, Alliance News reporter
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