Last checked at 11 May 2018 07:00
11 May 2018
Midwich Group Plc
("Midwich" or "the Group")
Appointment of Group Finance Director
The Board of Midwich, the leading specialist audio visual and document solutions distributor to the trade market, today announces that as part of a review of succession plans for the role of Group Finance Director, Anthony "Tony" Bailey will step down as Group FD and from the Board on 30 June 2018.
Tony requested that the role of Group Finance Director be considered as part of the Group's succession process and having helped steer the Group through its successful IPO in 2016, he now wishes to focus on other interests. The Board is pleased to announce that Stephen Lamb has been appointed to succeed Tony as Group FD and will join the Group's Board on 30 July 2018.
Stephen Lamb is a qualified Chartered Accountant and is currently Senior Vice President and Chief Financial Officer of the International division of Iron Mountain INC, a US-listed global business dedicated to storing, protecting and managing information and assets. Whilst at Iron Mountain, Stephen has had a strong commercial finance role supporting the profitable and cash generative development of the international business. He has led an international finance team, developed back office systems and processes and overseen a number of international acquisitions. Stephen has also held previous finance roles at Regus PLC and Experian PLC.
Stephen Fenby, Managing Director of Midwich Group Plc, said:
"On behalf of the Board, I would like to take this opportunity to thank Tony for the contribution he has made to Midwich's success over the last six years. Tony helped prepare the Group for its IPO in 2016 and its subsequent establishment as a public company. It has been a pleasure to work alongside Tony and I wish him well for the future.
"I am delighted that Stephen has agreed to join the Group and I am confident that his recent experience with growing and managing international businesses will be of great benefit to Midwich as we continue to expand our footprint across the globe."
Stephen Lamb (aged 44) holds or has held the following directorships or partnerships in the past five years:
Current Directorships or Partnerships | Previous Directorships or Partnerships |
None | Regus Finland Oy |
Bulevardi 7 Business Center Oy | |
Altio Business Centre Oy | |
HELSINKI Mannerheiminaukio Centre Oy | |
Regus Management (Finland) Oy | |
Alberga Business Centre Oy | |
Regus Innovation Tampere Oy | |
Regus Innovation Lappeenranta Oy | |
Regus Management (Sweden) AB | |
Petrasol Oy | |
Experian Asia-Pacific Holdings Pte. Ltd | |
Experian Hong Kong Holdings Limited | |
Experian Hong Kong Limited | |
Experian Credit Information Company of India Private Limited | |
Experian Singapore Pte. Ltd | |
Experian Information Technology (Beijing) Company Limited |
There are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.
For further information please contact:
Midwich Group Plc Stephen Fenby, Managing Director Anthony Bailey, Finance Director
| via FTI Consulting |
Investec Bank plc James Rudd / Carlton Nelson / Rob Baker
| Tel: +44 (0)20 7597 5970 |
FTI Consulting Alex Beagley / Fern Duncan / Sam Power
| Tel: +44 (0)20 3727 1000 |
Notes to Editors
Midwich Group is a specialist Audio Visual ('AV') and document solutions distributor to the trade markets, operating across the UK, Ireland, France, Australasia, Germany, Iberia and Benelux.
The Group's staff of around 750, who operate out of 16 offices, are dedicated to continually enhancing our technical expertise, building extensive product knowledge and delivering strong customer service.
We have a large and diverse base of approximately 13,000 customers and long-standing relationships with around 330 vendors, including blue chip organisations.
The Group supports a comprehensive product portfolio across major technology categories such as large format displays, projectors, technical and professional video, audio and digital signage.
For further information, please visit www.midwichgroupplc.com