9th Jan 2024 10:36
Lords Group Trading PLC - London-based building materials distributor - Chief Financial Officer & Chief Operating Officer Chris Day decides to leave the company to take up another opportunity. Following Day's recent transition to a partially operational role within the group, says a formal process to identify and appoint a new CFO has already begun and is now at an advanced stage. Day remains a director and will leave the group sometime in the first half of 2024, following the publication of Lords' 2023 results. Non-Executive Chair Gary O'Brien says: "Chris has made a significant contribution to Lords as a highly valued colleague and board member over the last seven years, during which time the group has delivered significant growth and diversification. He will be leaving Lords in [the first half of] 2024 with the thanks of the board and his colleagues for his contribution to the group. The board is well advanced in an active recruitment process to identify a successor to Chris and the intention is for the new CFO to be in place as soon as possible to ensure a smooth transition for the business." Says further announcements will be made "as appropriate, in due course".
Current stock price: 48.50 pence, down 2.0%
12-month change: down 49%
By Greg Rosenvinge, Alliance News senior reporter
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