– UK, Stoke-on-Trent – Portmeirion Group PLC (LON: PMP), the designer, manufacturer and worldwide distributor of high-quality homewares, today announced that Lawrence Bryan, Director and Chief Executive, has after nearly 25 years in the business, decided to retire from his executive duties. He will stay on the Board of the Company as a Non-Executive Director and succeed by Mike Raybould, current Group Finance Director, who has worked closely with all parts of the business for the last two and a half years, effective on 2 September 2019.
Mike Raybould joined the Group as Finance Director and has made a significant impact on our strategy and business. The Board believe Mike is an excellent successor to Lawrence as Chief Executive as the Group continues on its path of growth and evolution into a diversified homewares company.
David Sproston, previously Group Financial Controller and Finance Director of Portmeirion Group UK Limited, the Group’s main trading subsidiary, becomes Group Finance Director. David joined the Group from Deloitte over ten years ago and has been Mike Raybould’s deputy for the past two and a half years.
Dick Steele, Chairman, said: “On behalf of the Board, the Company, our people and our shareholders, I thank Lawrence for his service and wish him and his wife Wendy a happy and well-earned retirement. I struggle to find words that are adequate to describe the huge contribution that Lawrence has made to the Group. Without his leadership, commercial expertise, commitment and perspicacity the Group would not be the force that it is in homewares today. I am delighted that he has agreed to continue to serve on the Board in a non-executive capacity. The Group and executive team will continue to benefit from Lawrence’s unparalleled sector knowledge, built up over more than forty years.”
Lawrence Bryan, outgoing Chief Executive, said: “After nearly 25 years with Portmeirion and nearly 20 of them as Chief Executive, it is with no small degree of sadness that I am stepping down from my Executive role with the Group. I leave in place a very strong team of Senior Management in whom I have supreme confidence. I am honoured to have been of service to the company in the past and delighted to be invited to continue to serve on the Board of Directors as a Non-Executive. The Group is now a well-diversified company with a bright future and I look forward to seeing it grow under the extremely capable and energetic guidance of Mike Raybould.”
For more information: http://www.portmeiriongroup.com
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