Business
CFO Appointment and Board Succession Update
CFO Appointment and Board Succession Update.
About this update from Angling Direct Plc
[{"type":"text","content":"\n\n16 May 2023\n \nAngling Direct plc\n(\"Angling Direct\", the \"Company\" or the \"Group\")\n \nCFO Appointment and Board Succession Update\n \nAngling Direct plc (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, is pleased to announce the appointment of Sam Copeman as Group Chief Financial Officer (\"CFO\"). Sam will join Angling Direct on 5 June 2023 and will join the Board on conclusion of the Company's Annual General Meeting on 22 June 2023. Simultaneously, Angling Direct's Board Succession Plan will be enacted, encompassing the following changes:\n \n· Andy Torrance will step down from his role as Chief Executive Officer (\"CEO\") and move to Non-executive Chairman;\n· Steve Crowe, Angling Direct's current CFO, will replace Andy and be appointed CEO; and\n· Martyn Page, will step down from his role as Non-executive Chairman and will remain on the Board as a Non-executive Director.\n \nSam is an experienced CFO and most recently led the trade sale of Esportif, the global sports consultancy with a presence in the UK, France, South Africa, Japan, Australia and New Zealand, to Wasserman, the global sports, music, and entertainment agency. Prior to this, Sam held senior finance roles across a variety of industries within private equity and privately owned businesses and has a track record of creating shareholder value through the development and execution of ambitious strategic plans, delivering growth and leading successful shareholder exits.\n \nAndy Torrance, CEO of Angling Direct commented:\n\"It's exciting to announce the appointment of Sam to the role of CFO as we execute on the Board Succession Plan we outlined earlier this year. I believe that Steve and Sam are the right team to lead Angling Direct on its growth journey and I look forward to working with in my new Chair role.\"\n \nSteve Crowe, CEO designate of Angling Direct commented:\n\"I am pleased that Sam is joining Angling Direct to take over from me as CFO as I make the transition to CEO. I am confident that having met a number of high profile candidates, Sam is the right person for the job and that his experience across a variety of senior finance roles will be complementary as we work together with Andy and the Board to deliver the ne...