ACRL.L Regulatory News (ACRL)

22 January 2019

Accrol Group Holdings plc

("Accrol" or the "Group")

BOARD CHANGE AND SENIOR MANAGEMENT APPOINTMENT

Accrol (AIM: ACRL) announces that Steve Townsley has today stepped down from the Board and his role as Chief Financial Officer for health reasons.

Hannah Argo, who joined the Group on 10 January 2019, has been appointed as Interim CFO. Hannah has extensive experience in senior financial roles gained with a number of global Blue Chip FMCG and Pharma businesses, including Alliance Boots, Robert McBride and latterly Tulip UK.

Dan Wright, Chairman of Accrol, said: "Hannah is a proven and dynamic CFO with excellent communication and motivational skills. She is a strategic thinker, who is equally at home with the operational details. Her all-round business knowledge and a strong commercial focus are well suited to the Group's current needs. I look forward to working with her and extend a warm welcome to the Group.

"On behalf of the Board, I thank Steve for the short but important role he has played in the turnaround of the Group. We wish him well."

The Board now comprises, Dan Wright (Executive Chairman), Gareth Jenkins (Chief Executive Officer), Euan Hamilton (Non-Executive), & Simon Allport (Non-Executive) and plans to commence a process to find a new permanent Chief Financial Officer in due course. 

Notes to Editors

Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet rolls, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK.

Accrol operates from three sites: