Tandem Group PLC - Solihull, England-based sports product distributor - Appoints Peter Kimberley as chief executive officer with immediate effect, replacing Jim Shears after two years in the role.
Kimberley first joined Tandem as non-executive director in November 2021, with his most recent executive role being CEO of e-bikes and e-scooters omichannel retailer Pure Electric Ltd for two years since June 2020.
"We are very pleased that Peter has decided to become CEO. Having been a non-executive director for six months, he already has a strong understanding of the business and will be able to add real value, utilising his wide and varied experience in senior leadership roles will serve to drive the group's strategic direction and maximise shareholder value," said Executive Chair Steve Grant.
Grant will remain as executive chair until the company's annual general meeting on June 23, where he will return to a non-executive basis.
Current stock price: 346.00 pence, up 6.5% on Thursday
12-month change: down 45%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Tandem Group (TND)