Marks
Electrical Group plc
Directorate Change
Marks Electrical Group plc ("Marks
Electrical" or "the Group"), is pleased to announce the proposed
appointment of Warren Middleton as Non-Executive Director of the
Company.
Mr Middleton was previously with
KPMG for over 25 years, 17 of which have been as a technology
partner. He was KPMG's Manchester Office senior partner since 2019,
overseeing circa 1,500 employees and was heavily involved in the
build-out of KPMG's technology practice. It is intended that Mr
Middleton will also chair the Audit and Risk Committee. The
appointment is subject to confirmation from the Nominated Adviser
that due diligence checks have been completed to its satisfaction
as required under the AIM Rules and a further announcement will be
made in due course.
Furthermore, David Wilkinson has
resigned from the Board and as a Non-Executive Director of the
Company with immediate effect.
Commenting on Warren's appointment,
Marnie Millard, Chair of the Board said, "We are delighted to be
welcoming Warren to the Board and look forward to benefiting from
his valuable experience advising companies on advancements in their
technology agenda. Additionally, we thank David for his support and
expertise over the last three years, since IPO."
Enquiries:
Marks Electrical Group
plc Via
DGA Group:
Mark Smithson
(CEO) Tel:
+44 (0)20 7664 5095
Josh Egan
(CFO)
DGA Group (Financial PR)
Jonathon Brill / James Styles /
Nishad Sanzagiri
Tel:
+44 (0)20 7664 5095
markselectrical@dgagroup.com
Canaccord Genuity (NOMAD and
Broker)
Max Hartley / George Grainger
Tel: +44 (0)20 7523 8000
About Marks Electrical
Marks Electrical is a fast growing,
highly scalable, technology driven e-commerce electricals retailer
which sells, delivers, installs and recycles a wide range of
household electrical products. The Group was founded in Leicester
in 1987 by Mark Smithson and has scaled into a nationwide online
retailer with a compelling growth track record, thanks to its
vertically integrated, low-cost, high-quality operating model,
supported by the ongoing structural shift of consumers to purchase
online. The Group operates within the UK Major Domestic Appliances
(MDA) and Consumer Electronics (CE) market, estimated to be worth
approximately £7 billion.
Primarily through its simple, clear
and intuitive website - markselectrical.co.uk - the Group offers
over 4,500 products from over 50 leading brands across its main
product categories, which include Cooking, Refrigeration, Washers
& Dryers, Dishwashers and Audio-Visual. These products are
sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical
delivers direct to customers in its owned and branded vehicles,
operated by the Group's skilled team of delivery drivers, who are
also able to offer installation and recycling services.
For further information, visit the
Marks Electrical corporate website: https://group.markselectrical.co.uk and
its retail website: https://markselectrical.co.uk/.