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Last checked at 
19 Jan 2023 07:00
19 January 2023
LUCECO PLC
Directorate changes
Luceco plc ("Luceco", "the Company" or "the Group") announces that Matt Webb has informed the Board of his decision to step down as Chief Financial Officer after five years in the role in order to pursue other opportunities. Matt will step down on 31 March 2023 and will be succeeded as Chief Financial Officer by Will Hoy, who currently serves as Audit Committee Chair and Non-Executive Director of the Company. Will Hoy will assume an Executive Director position from 1 March 2023 before becoming Chief Financial Officer on 1 April 2023, in order to effect an orderly handover.
Will held a number of senior finance roles in a career with GKN that spanned over 20 years, including three years as Chief Financial Officer of GKN Aerospace and nine years as Head of Corporate Finance in which he oversaw GKN plc's M&A activities. Prior to joining GKN, Will qualified as a Chartered Accountant at KPMG LLP and worked in its Corporate Finance department.
Will Hoy will step down from the Audit Committee and will be succeeded as the Committee's Chair by Non-Executive Director Tim Surridge, effective immediately. Tim is a Chartered Accountant with prior experience as a Chief Financial Officer of large businesses and as a partner of KPMG LLP.
Giles Brand, Chairman of Luceco, said:
"On behalf of the Board, I would like to thank Matt for his outstanding contribution to Luceco's progress over the last five years, a period in which the Group has evolved into a strategically focused, highly profitable and well capitalised business. As reported in today's trading update for 2022, he leaves the business in good shape and we wish him every success in his future career.
We are delighted that Will has agreed to be our next Chief Financial Officer. His strong track record of delivery in world class manufacturing environments and knowledge of the Group make him an ideal addition to the Executive team."
- ENDS-
For further information, please contact:
Luceco plc | Contact |
John Hornby, Chief Executive Officer | 020 3128 8990 (Via MHP Communications) |
Matt Webb, Chief Financial Officer | 020 3128 8990 (Via MHP Communications) |
MHP Communications | Contact |
Tim Rowntree | 020 3128 8990 |
Ollie Hoare | 020 3128 8276 |
Note to Editors
Luceco plc - Bringing Power To Life
Luceco plc (LSE:LUCE) is a supplier of high quality and innovative wiring accessories, EV chargers, LED lighting and portable power products for a global customer base.
For more information, please visit www.lucecoplc.com.
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