IG Design Group PLC Appointment of Chief Executive Officer (1281F)
03 Novembre 2022 - 8:00AM
UK Regulatory
TIDMIGR
RNS Number : 1281F
IG Design Group PLC
03 November 2022
3 November 2022
IG Design Group Plc
('Design Group' or the 'Group')
Appointment of Chief Executive Officer
IG Design Group plc, one of the world's leading designers,
innovators and manufacturers of Gift Packaging, Celebrations, Craft
& Creative Play, Stationery, Gifting and related product
categories, is pleased to announce the appointment of Paul Bal as
Chief Executive Officer, effective from 1 April 2023. Paul was
appointed as the Group's Chief Financial Officer in March 2022 and
joined the Board in May. Stewart Gilliland, currently Interim
Executive Chair will return to the position of Non-Executive Chair
on 1 April 2023. The search for a new Chief Financial Officer is
commencing and further updates will be issued as and when
appropriate.
Paul joined the Group from Stock Spirits, an international
alcoholic beverage business, where he was CFO from 2017. Paul was
instrumental in the turnaround of the then LSE-listed group,
leveraging his experience in the management of decentralised
businesses and a complex portfolio of over 70 brands selling across
50 markets.
Qualifying as a Chartered Accountant in England & Wales in
1993 and a Fellow since 2005, Paul has had an international career.
He held several global financial and management roles within
British American Tobacco and Rothmans International. From 2014,
Paul was Vice-President: CFO & Strategy - Europe, Africa &
Middle East at Tupperware Brands, listed on the New York Stock
Exchange.
Lance Burn has agreed to remain in role as Interim Chief
Operating Officer through to 31 October 2023 to continue to lead
the transformation of the USA business and assist Group
transition.
Stewart Gilliland, Non-Executive Chair, commented:
"Following a thorough internal and external search process, we
are delighted to appoint Paul as CEO. Having worked with Paul
closely over the past six months I have seen him show impressive
leadership and strategic vision for taking our business forward. I
am confident that Paul will bring great value to the Group in his
new role and look forward to working with him further alongside the
rest of the Board."
Paul Bal, CFO & CEO Designate, commented:
"I'm delighted to have been appointed as CEO. Since I joined the
Group earlier this year, it is clear that we have a fantastic team,
strong relationships with our customers and ongoing demand for our
great products, despite the challenges which we have faced. Looking
ahead, we are focused on maintaining our long-standing customer
relationships and market leading position, restoring profitable and
sustainable growth, and creating a more resilient business which
will provide a stronger base on which we can build for the
future."
For further information, please contact:
IG Design Group Plc Tel: +44 (0)1525 887310
Stewart Gilliland, Interim Executive
Chair
Paul Bal, CFO & CEO Designate
Canaccord Genuity Limited (Nomad Tel: +44 (0)20 7523
and Broker) 8000
Bobbie Hilliam
Gerel Bastin
Alma PR Tel: +44 (0)20 3405
Sam Modlin 0209
Josh Royston designgroup@almapr.co.uk
Pippa Crabtree
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END
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