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Findel appoints Stuart Caldwell as Chief Financial Officer

Findel, the online value retail and education business, is pleased to announce the appointment of Stuart Caldwell as Group Chief Financial Officer (CFO) with immediate effect.


Financial Results 2017

Findel, the online value retail and Education business, today announces its Full Year Results for the 53 week period ended 31 March 2017.


Appointment of Chief Executive

The Board of Findel plc is pleased to announce that it has appointed Phil Maudsley as Chief Executive with immediate effect. Ian Burke, executive Chairman, has moved to non-executive Chairman.


Post-close trading statement

Findel plc, the online value retailer and education resources business, today issues a trading statement having entered the close period for the 53 weeks ending 31st March 2017.


Findel Appoints New Chairman


Findel PLC, the online value retail and Education business, today announces the appointment of Ian Burke as Executive Chairman. He succeeds David Sugden, who announced his intention to stand down last February following 7 years as Chairman of the Group. Ian will take up his position on 12 January 2017. David will step down from the board on that date and leave the company at the end of January following a short handover period.

Ian has served in a number of high profile consumer-facing roles. He is currently Chairman of the FTSE 250 gaming company The Rank Group, having previously overseen the growth of that business as Chief Executive. Previously, Ian has served as Chief Executive of Thistle Hotels and has also held the position of Managing Director at both Holiday Inn Worldwide and Gala Clubs.

Eric Tracey, Senior Independent Director at Findel, said:

"Following a comprehensive search process we are pleased to welcome Ian to Findel. As the Group continues to target further growth, the Board is confident that Ian's experience will prove of significant value, especially given his recent role in overseeing the multichannel transformation of Rank."

"On behalf of the Board I would also like to take this opportunity to thank David Sugden for his substantial contribution to the Group over 7 years in which the group has been refinanced and focused on two core businesses which now have potential for growth. We wish him every success for the future."

Ian Burke commented:

"I am delighted to be joining Findel at what is a hugely exciting time for the Group. By maintaining a steadfast focus on the customer, I am confident that there are opportunities for growth in the years ahead."

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