TIDMVCP
Victoria PLC
15 May 2017
RNS Reach
For Immediate Release 15 May 2017
Victoria PLC
('Victoria' or the 'Group')
New Senior Management Appointment for Hard Flooring
Victoria PLC, (LSE: VCP) the international designers,
manufacturers and distributors of innovative flooring, is delighted
to announce the non-Board appointment of Jan Debrouwere as the
Group's Director of Business Development - Hard Flooring, with
immediate effect, reporting directly to the Group's CEO, Philippe
Hamers.
Jan brings with him 28 years' expertise in manufacturing,
selling and marketing of all kinds of hard flooring - a product
group which represents significant growth potential for
Victoria.
A focused entrepreneur, with a passion for product development,
design and innovation, Jan's appointment is an important step as
the Group seeks to secure customers, suppliers and acquisitions to
gain market share in the growing hard flooring market.
For the last four years, Jan headed the successful turnaround of
Beaulieu International Group's (BIG) worldwide hard flooring
business, a multi-product, multi-national division with a turnover
of EUR500m, overseeing multiple production sites and sales teams in
Russia, USA and Europe. In this role, he initiated and oversaw
multi-million Euro greenfield start-ups to produce LVT and sheet
vinyl both in Europe and the USA. He was also pivotal to the
acquisition and successful integration of one of Russia's largest
flooring distributors into BIG.
Prior to this role, Jan held senior management positions at IVC
(part of Mohawk Industries Inc.), Domo (acquired by Balta Group in
2010) and Tarkett. Jan has a law degree from the University of
Ghent, Belgium and is multi-lingual in Dutch, English, French and
German.
Geoff Wilding, Chairman of Victoria PLC, commented:
"Victoria is very determined to grow its existing successful
hard flooring business, which we believe represents a significant
opportunity for us. With almost three decades of flooring
experience in Europe, we are delighted to have secured such a
senior and experienced individual as Jan to run our hard flooring
division. As a very driven entrepreneur who is extremely well-known
in the industry, Jan will be a fabulous asset to us as we
materially develop our hard flooring business across the UK and
Europe."
For more information contact:
Victoria PLC
Geoff Wilding, Chairman
Michael Scott, Group Finance Director +44 (0) 1562 749 300
Cantor Fitzgerald Europe (Nominated Adviser and Broker)
Rick Thompson, Phil Davies, Michael Reynolds (Corporate Finance)
Mark Westcott, Caspar Shand-Kydd (Sales) +44 (0) 20 7894 7000
finnCap (Joint Broker)
Matt Goode, Carl Holmes +44 (0) 20 7220 0500
(Corporate Finance)
Tim Redfern
(Corporate Broking)
Buchanan Communications (Financial PR)
Charles Ryland, Victoria Hayns +44 (0) 20 7466 5000
About Victoria PLC
Established in 1895 and listed since 1963 and on AIM since 2013
(VCP.L), Victoria PLC, is an international manufacturer and
distributor of innovative flooring. The Group, which is
headquartered in Kidderminster, designs, manufactures and
distributes a range of carpet, underlay, artificial grass and
flooring accessories. In addition, it markets and distributes a
range of complementary LVT (luxury vinyl tile) and hardwood
flooring products produced by third-party manufacturers. Victoria
has operations in the UK, the Netherlands and Australia and employs
approximately 1,800 people across 17 sites. Victoria is the UK's
largest carpet manufacturer and the second largest in
Australia.
The Group's strategy is designed to create wealth for its
shareholders, focussed on constantly increasing earnings per share
via acquisitions and sustainable organic growth. Growth for the
Group is fundamentally driven by three aims:
-- achieving a leading position in UK, Europe and Australia;
-- continuing to seek and deliver cross-business synergies to
drive like-for-like margin improvement; and by
-- consolidating a fragmented market place with earning-enhancing acquisitions.
The Group's subsidiaries, as set out segmentally, include:
UK & Europe: Abingdon Flooring Ltd, Alliance Distribution
Ltd, Carpet Line Direct Ltd, Ezifloor
Limited, Gaskell Mackay Carpets Ltd,
Interfloor Group Ltd, Thomas Witter
Carpets Ltd, Victoria Carpets Ltd,
View Logistics Ltd, Westex (Carpets)
Ltd, Whitestone Weavers Ltd, Avalon
Grass BV, Grass Inc. BV.
Australia: Dunlop Flooring Pty Ltd, Quest Carpet
Manufacturers Pty Ltd, and The Victoria
Carpet Co. Pty Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
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