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Accrol Group Holdings plc

Accrol Group Holdings plc Appoint New CFO Steven Townsley

Accrol Group Holdings plc (LON:ACRL), the leading independent tissue converter in the UK, has today announced that Steven James Townsley, aged 50, has been appointed as Chief Financial Officer with effect from today, 11 June 2018.

Steve joins Accrol after concluding his role as Finance Director of Help-Link, the UK’s leading independent boiler installer, where he played an integral role in the successful turnaround and sale of the business. Prior to this, he gained 18 years’ experience in finance roles at a number of retail and distribution businesses, including Safeway, Exertis and Dixons, where he helped drive significant profitable growth, both organically and by acquisition, whilst maintaining a strong balance sheet.

Steve replaces Martin Leitch, who joined the Company as Interim Chief Financial Officer on 5 February 2018 to support the turnaround of the business, whilst the Board secured a permanent new Chief Financial Officer. Martin will remain with the business in the short term to effect an orderly handover.

Dan Wright, Chairman of Accrol Group Holdings plc, said: “I have seen Steve’s expertise and tenacity in action and his experience will be a strong asset, as we continue the turnaround of the business. His appointment strengthens Accrol’s new management team further and will help ensure that the business is best placed to continue to grow and develop its leading position with retail customers.”

Gareth Jenkins, CEO of Accrol, added: “We are very pleased that someone of Steve’s calibre has chosen to join us. The business will benefit considerably from his broad and relevant experience across a range of connected sectors and I welcome him to the team.”

“The Board thanks Martin for the valuable work he has completed in recent months, especially in the business turnaround plan which remains fully on schedule, and wishes him well in the future.”