Business
CFO Retirement and Succession
CFO Retirement and Succession.
About this update from Johnson Service Group Plc
[{"type":"text","content":"\n\n\n24 March 2025\nAIM: JSG\nJohnson Service Group PLC\n(the \"Company\" or \"JSG\" or \"Group\")\nCFO Retirement and Succession\nJSG, a leading textile services provider in the United Kingdom and the Republic of Ireland, today announces that Yvonne Monaghan, Chief Financial Officer ('CFO'), has informed the Board of her intention to retire from her role as CFO and step down from the Board of JSG following more than 40 years with the Company, including 17 years as CFO.\nJSG also announces that, following a rigorous search and selection process, in conjunction with a leading executive search firm, Ryan Govender has been selected to succeed Yvonne as CFO. It is anticipated that Ryan will be appointed an Executive Director and CFO of the Company with effect from 1 October 2025. Yvonne will remain as CFO and a Director of the Company until the date of Ryan's appointment, at which point Yvonne will then step down as CFO and as a Director of the Company but shall remain employed by the Company until 28 February 2026 (the \"End Date\") to, initially, complete a handover process with Ryan and, thereafter, be available to support JSG. Yvonne will then end her employment with the Company and retire on the End Date.\nRyan brings extensive, listed, corporate finance and commercial expertise to the role at JSG, having worked for over 20 years in senior finance roles across global FMCG businesses, particularly in the food sector. His diverse experience includes strategy, FP&A, corporate structuring, M&A, large capital projects, investor relations and finance transformation. He is currently CFO at Treatt Plc, a natural extracts and ingredients manufacturer to the global beverage, flavour, fragrance and consumer goods industries with operations in the UK, the US and China. Prior to his appointment, in July 2022, as CFO at Treatt Plc, Ryan held several roles with Associated British Foods ('ABF'), the FTSE 100 international food, ingredient and retail group, most recently as CFO of SPI Pharma, a provider of innovative solutions to global pharmaceutical and nutritional customers. Before that, Ryan held finance and management roles within other ABF businesses, including Speedibake, Germains Seed Technology and Illovo Sugar. Ryan qualified as a Chartered Accountant at PwC in South Africa.\nSet out in the appendix below are the disclos...