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Safestore chief financial officer to retire once successor is found

28th Sep 2023 09:26

(Alliance News) - Safestore Holdings PLC on Thursday said its chief financial officer has notified the board of his intention to retire.

The Hertfordshire, England-based self-storage provider said Andy Jones will remain in his role until the transition to his successor is complete.

No precise timeline has been disclosed currently, but Safestore said it will be beginning an external search for the vacant CFO role.

Jones joined Safestore in 2013 and had been "instrumental in helping deliver the company's strategy", Safestore said, "significantly expanding its store portfolio and entering four additional geographies".

Safestore said that Jones oversaw "a period of sector leading growth and shareholder returns", with revenue, earnings per share and market capitalisation multiplying all multiplying.

"He has been an excellent and trusted support to me and instrumental in delivering the market leading progress of the business in that time," said Chief Executive Officer Frederic Vecchioli.

Outgoing Jones commented: "It has been a privilege to be part of Safestore's progress since 2013. Safestore is an outstanding company with a fantastic team and an exciting future ahead. I will be staying with the business until the transition to my successor is complete, and I look forward to watching the business continue to grow over the years ahead."

Shares in Safestore were up 0.1% to 735.95 pence each in London on Thursday morning.

By Greg Rosenvinge, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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