19 Apr 2023 07:00
For Immediate Release | 19 April 2023 |
ScS Group plc
("ScS", or the "Group")
Appointment of Non-Executive Director
ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce that Swarupa Pathakji has agreed to join the board as Non-Executive Director with effect from 2 May 2023.
When Swarupa joins, she will also be appointed as a member of each of the Audit, Remuneration and Nomination Committees.
Swarupa is a Director of Kings Yard Arms VCT plc, where she is Chair of the Nomination and Remuneration Committees and a member of the Audit and Risk Committee. She is also a non-executive director of value retailer OFS (DS) Holdings Ltd where she is Chair of the Audit Committee. Swarupa has extensive experience across multiple sectors, having worked at both Merrill Lynch and more recently at Duke Street, a mid-market Private Equity firm, where she served as a non-executive director on the boards of a number of companies.
Alan Smith, Non-Executive Chairman of ScS Commented:
"I am delighted to welcome Swarupa to the ScS Board. Her varied financial experience and widespread knowledge of customer facing businesses will be invaluable to the Group."
Commenting on her appointment, Swarupa Pathakji said:
"I am pleased to be joining SCS at an exciting time for the business. I have been impressed with the strength of the Board and the management team and I look forward to working with them to achieve their plans for the future."
Pursuant to LR 9.6.13R in respect of Swarupa Pathakji; Swarupa holds the role of Non-Executive Director of FTSE listed Kings Yard Arms VCT plc. As at the date of this announcement, Swarupa Pathakji has no beneficial interests in the ordinary shares of the Group.
Enquiries:
ScS Group PLC Steve Carson, Chief Executive Officer Chris Muir, Chief Financial Officer | c/o Buchanan +44 (0)20 7466 5000 |
Buchanan Richard Oldworth Toto Berger Verity Parker | Tel: +44 (0)20 7466 5000 scs@buchanan.uk.com |
Shore Capital Patrick Castle James Thomas | Tel: +44 (0)207 408 4050 |
Notes to Editors
ScS is one of the UK's largest retailers of sofas, flooring and furniture. We trade as two separate brands- the core ScS brand and the newly acquired Snug brand.
The ScS brand seeks to offer value and choice through a wide range of sofas, flooring and furniture products. The product range is designed to appeal to a broad customer base with a mid-market priced offering and is currently traded from 100 stores. The brand specialises primarily in fabric and leather sofas and chairs, selling a range of branded products which are not sold under registered trademarks and a range of branded products which are sold under registered trademarks owned by ScS (such as Endurance, Inspire and SiSi Italia). It also offers a range of third party brands (which include La-Z-Boy, Ideal Home and G Plan). The flooring business includes carpets, rugs, wood, laminate and luxury vinyl tiling.
Snug is an innovative digital-first sofa and sofa-bed business specialising in modular and re-configurable sofas, with quick delivery and excellent quality and customer service. Although predominantly online, Snug also operates from one store in Leeds and ten concessions throughout England.