– UK, Eversholt – IG Design Group plc (LON: IGR), world-leading designers, innovators, and manufacturers of Gift Packaging, Celebrations, Craft & Creative Play, Stationery, and Gifting today announced the appointment of current CFO and Board member, Paul Bal as CEO, effective from 1 April 2023.
“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.” said Board Chair, Stewart Gilliland.
Stewart Gilliland, currently Interim Executive Chair will return to the position of Non-Executive Chair on 1 April 2023.
About Paul Bal
Paul was appointed as the Group CFO in March 2022 and joined the Board in May. Paul Bal joined the Group from Stock Spirits, an international alcoholic beverage business, where he was CFO in 2017. Paul was instrumental in the turnaround of the then LSE-listed group, leveraging his experience in the management of decentralized 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 VP: CFO & Strategy – Europe, Africa & Middle East at Tupperware Brands, listed on the New York Stock Exchange.
Paul Bal, said, “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 more information: https://www.thedesigngroup.com/
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