Card Factory PLC Appointment of Chief Financial Officer (6004M)
13 Gennaio 2023 - 8:00AM
UK Regulatory
TIDMCARD
RNS Number : 6004M
Card Factory PLC
13 January 2023
13 January 2023
Card Factory plc
("Card Factory" or the "Company")
Appointment of Chief Financial Officer
Card Factory, the UK's leading specialist retailer of greeting
cards, gifts, wrap and gift bags, is pleased to announce, after an
extensive search process, the appointment of Matthias Seeger as
Chief Financial Officer.
Matthias has been CFO of Ambassador Cruise Line Limited since
February 2022, having previously been CFO of Costcutter
Supermarkets Group from September 2015 to September 2021. Previous
roles throughout his 31 year career include senior finance roles
with Procter & Gamble, in Germany, the UK, Belgium and
Switzerland, between 1991 and 2013. Matthias has a Master's Degree
in Engineering and an MBA from the University of Texas.
Matthias is expected to join the Company on 22 May 2023.
The Company has now agreed that Kris Lee will leave the Company
on 31 January 2023, at which time he will step down from the
Company's board.
Pending Matthias joining Card Factory, Simon Comer, currently
Group Financial Controller, will be appointed as Interim Chief
Financial Officer, but will not be appointed as a director of the
Company. Simon has been Group Financial Controller since June 2021,
having held previous senior finance roles, including CFO roles, in
private equity and listed companies.
Darcy Willson-Rymer, Chief Executive Officer, commented:
"I am delighted to announce that Matthias is joining Card
Factory as our CFO. Matthias has extensive financial experience and
I look forward to working with him again, confident that his
expertise and values will support Card Factory's strategic projects
and significant change programme over the next few years.
I am grateful to Kris for his tireless work over the years,
including successful management of liquidity, steering the business
through a series of refinancing through covid lockdowns and
supporting our "Opening our new future" growth strategy. We offer
Kris our very best wishes for the future."
No further details are required to be disclosed in respect of
the appointment under LR 9.6.13 of the Listing Rules of the
Financial Conduct Authority.
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of the Company is Ciaran Stone, General Counsel &
Company Secretary.
Enquiries
Card Factory plc via Tulchan Communications (below)
Darcy Willson-Rymer, Chief Executive Officer
Tulchan Communications +44 (0) 207 353 4200
James Macey White / Toby Zeal cardfactory@tulchangroup.com
Notes:
Matthias will receive an annual salary of GBP345,000, employer
pension contributions of 3% of salary above the lower earnings
limit (currently GBP6,240 per annum), subject to making a 5%
employee contribution, which is aligned with the pension allowance
for the workforce. Matthias will participate in the annual bonus
scheme up to a maximum participation of 100% of salary and will be
entitled to restricted share awards under the Company's Long Term
Incentive Plan with an annual award of up to a maximum of 75% of
salary. All other terms are in accordance with the Card Factory
Remuneration Policy.
Card Factory plc LEI: 213800TTSOPFVCKPFQ11
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END
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