23 Mar 2018 07:00
23 March 2018
Crawshaw Group Plc
("Crawshaw" or "the Group")
Directorate change and trading update
Crawshaw Group Plc, the UK's leading value butcher, announces the following intended changes to its Board of Directors.
Noel Collett, Chief Executive Officer, has informed the Board of his intention to step down to pursue other opportunities but will remain in his role until a replacement CEO is appointed to ensure an orderly hand over.
The Group also announces that Alan Richardson, Chief Financial Officer, has notified the Board of his intention to leave the business in early May to take up an opportunity outside the Group.
Trading for the year ended January 2018 remains unchanged and the full year results will be announced in April. Trading in the first 6 weeks of the new financial year has been challenging, exacerbated by the recent poor weather but the factory shop format continues to perform well.
Jim McCarthy, Chairman of Crawshaw Group, said:
"The Board of Crawshaw thanks Noel and Alan for their contribution and wishes them success in their future endeavours. We anticipate being in a position to announce a new CEO and CFO in the near term who will help drive the business forward."
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations.
Enquiries:
Crawshaw Group plc
Jim McCarthy 01709 369 600
Tulchan Communications LLP
Susanna Voyle, Will Smith 020 7353 4200
Peel Hunt LLP
Adrian Trimmings, George Sellar 020 7418 8900