– UK, Manchester – Ultimate Products plc (LON: ULTP), the owner of several leading homeware brands including Salter and Beldray, today announced the appointment of current Independent Non-Executive Director Christine Adshead as Non-Executive Chair effective on 31 July 2024, to replace Jim McCarthy who will step down from the Board at that date.
About Christine Adshead
Christine Adshead is a former Partner at PwC, where she spent nearly 20 years providing transaction advisory services across a range of corporate activities and a variety of sectors, including retail and consumer goods. She was PwC’s London region private equity leader, as well as being a national leader for mid-tier private equity. Christine was also an elected member of the PwC Supervisory Board, the governance body for PwC in the UK, representing the interests of over 900 Partners and providing constructive challenges to PwC’s UK Executive Board. Christine Adshead is a Non-Executive Director and Board Member of Hill Dickinson LLP, an international commercial law firm headquartered in Liverpool.
Christine Adshead commneted: “I am thrilled to be taking over from Jim, who has done an outstanding job as Chair of Ultimate Products since joining the business in 2017. Everyone connected with Ultimate Products owes him a huge debt of gratitude for the leadership, counsel and expertise that he has provided to the Group during his tenure. I am looking forward to carrying on his excellent work at what is a hugely exciting time for Ultimate Products as it pursues its ambitious growth strategy to become the world’s best branded consumer goods business.”
About Ultimate Products
Ultimate Products is the owner of several leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating, and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.
Ultimate Products sells to over 300 retailers across 38 countries and specializes in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling. Other brands include Progress (cookware and bakeware), Kleeneze (laundry and floorcare), Petra (small domestic appliances) and Intempo (audio).
The Group’s products are sold to a broad cross-section of large national and international multi-channel retailers and smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers.
Founded in 1997, Ultimate Products employs over 370 staff, a significant number of whom have joined via the Group’s graduate development scheme, and is headquartered in Oldham, Greater Manchester, where it has design, sales, marketing, buying, quality assurance, support functions, and warehouse facilities across two sites. Manor Mill, the Group’s head office, includes a spectacular 20,000 sq ft showroom showcasing each brand. In addition, the Group has an office and showroom in Guangzhou, China, and in Paris, France.
Please note that Ultimate Products is not the owner of Russell Hobbs. The company currently has license agreements in place granting it an exclusive license to use the “Russell Hobbs” trademark for cookware and laundry (NB this does not include Russell Hobbs electrical appliances).
SOURCE: https://upplc.com/
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