TIDMSTAF
RNS Number : 5987H
Staffline Group PLC
19 August 2016
For Immediate Release 19 August 2016
STAFFLINE GROUP PLC
('Staffline' or 'the Group')
Appointment of Non-Executive Director
Staffline, the Staffing services, outsourcing, training and
Employability organisation, providing people and operational
expertise to industry is pleased to announce the appointment of
Tracy Lewis as Non-Executive Director with immediate effect.
Tracy brings with her a wealth of senior management experience
in retail and manufacturing. Most recently Tracy was CEO of Wacoal
Europe (formerly Eveden Group), a leading designer and manufacturer
of premium lingerie and swimwear brands. Tracy joined the business
in 2003, taking it from private to PE backed, and then oversaw a
trade sale to Japanese headquartered Wacoal Holdings Corp. in
2012.
During her tenure the company grew from a GBP30m turnover UK
centric business to achieve sales volume of almost GBP100m by 2015
with more than 60% of this coming from export markets, spanning
over 50 countries. The sale to the Wacoal Group valued the business
at GBP148m, generating a 3.8x return on investment for minority
shareholder Lloyds Development Capital, (LDC).
Tracy was the recipient of the EY Entrepreneur of the Year Award
for UK PE backed businesses in 2012 and was named CEO of the year
for the Midlands by the British Venture Capital Association in
2013.
Her previous executive roles included management positions
within Marks & Spencer Plc, Mothercare Plc and Next Plc. Tracy
was also a Non-Executive Director of LDC backed Original Additions
(Beauty) Ltd, a global distributor of beauty products, until March
2016, when the business was sold to US-based PDC Brands.
Tracy will chair the Nomination committee and be a member of
both the Audit and Remuneration committees.
Commenting on Tracy's appointment, Andy Hogarth, CEO of
Staffline, said,
"On behalf of the Board, I am delighted to welcome Tracy to
Staffline. She brings with her extensive experience in retail and
manufacturing from a range of different roles which will support
Staffline in our strategic aims as we continue to build on our
market-leading position and deliver shareholder value."
Tracy Lewis added,
"I am thrilled to be joining Staffline at such an exciting stage
in its development. I have been impressed with all I have seen to
date and am looking forward to working with the team to support the
Group's continued success."
Tracy Lewis, aged 51, has held the following directorships in
the past five years:
Wacoal Europe Ltd
Eveden Group Limited
Wacoal EMEA Ltd
Wacoal Europe SAS
Wacoal France SA
Wacoal Europe SAS
Wacoal Australia Pty Ltd
Wacoal Ventures Ltd
Adden Limited
Optionhunt Limited
Eveden Inc.
Eveden Canada Limited
Eveden Timex (Private) Limited
Eveden Huit SAS
Eveden GMBH
Eveden Israel Limited
Original Additions Limited
There are no further disclosures required pursuant to Schedule
2, paragraph (g) of the AIM Rules for Companies in respect of the
appointment.
For further information, please
contact:
Staffline Group plc
Andy Hogarth, CEO 07931 175775
Diane Martyn, Group MD 07771 944578
Chris Pullen, Group CFO 07786 265344
www.staffline.co.uk
Liberum
NOMAD & Broker
Steve Pearce / Steven Tredget
/ Richard Bootle
www.liberum.com 020 3100 2222
Berenberg
Joint Broker
Chris Bowman / Marie Stolberg
www.berenberg.com 020 3465 2722
Buchanan
Sophie McNulty / Jamie Hooper
/ Jane Glover 020 7466 5000
www.buchanan.uk.com
About Staffline
Staffline is a leading outsourcing organisation providing
Staffing services to industry, supplying up to 45,000 workers every
day to more than 1,400 clients. In the last five years the Group
has also grown to become a leading provider of services in to the
Government funded Employability (Welfare to Work), Justice and
Skills arena.
The business comprises two key areas:
Staffing Services
Specialising in providing complete labour solutions in
agriculture, food processing, manufacturing, e-retail, driving, and
the logistics sectors, the recruitment business operates from over
340 locations in the UK, Eire and Poland.
The Staffing brands include:
-- Staffline OnSite, based on clients' premises and providing
both blue and white collar, out-sourced, temporary workforces
-- Select Appointments, a high street branch-based operation
providing white collar office staff, operated entirely on a
franchised basis by independent business owners
-- Staffline Express, a high street branch based operation
-- Driving Plus, providing HGV drivers to the driving industry
-- Staffline Agriculture, providing workers to the UK farming and growing sectors
Employability
Comprising the PeoplePlus brand, Government contracts
include:
-- Work Programme, prime contractor in nine regions and
sub-contracts in five regions in England
-- Steps to Success, prime contractor in Northern Ireland
-- Youth Guarantee (MyGo Centre), supporting youth employment in the Ipswich area
-- Ministry of Justice Transforming Rehabilitation in
Warwickshire and West Mercia, helping to transform rehabilitation
and probation services
-- OLASS, delivery of training to prisoners in nine prisons in the East of England
-- Building Employment through Education, working in schools in Northern Ireland
Training services:
-- Elpis, a national training provider
-- Learning Plus, an e-learning platform
-- Skillspoint, a procurement consultancy specialising in
helping employers benefit from government-funded, work-based
training
Support services:
-- The Money Advice Service
-- Independent Living Services
-- Northern Ireland Prison Services, Visitor Centers
-- PeoplePlus Money
This information is provided by RNS
The company news service from the London Stock Exchange
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