Business
Victoria Announces Board Changes
Victoria Announces Board Changes.
About this update from Victoria Plc
[{"type":"text","content":"\n\nFor Immediate Release \nVictoria PLC\n('Victoria' or the 'Group')\n \nVictoria Announces Board Changes\n \nVictoria PLC (LSE: VCP), the international designer, manufacturer and distributor of innovative flooring, announces that Zachary Sternberg is leaving Victoria's board today, after five years as a non-executive director in order to rebalance his time commitments.\n \nGeoff Wilding, Chairman, commented: \"During Zach's time at Victoria, the Group has grown from a mid-sized flooring manufacturer to a global flooring group with current annual revenues of nearly £1.5 billion and 6,750 employees. In line with this growth, we recognise our obligations under the QCA Corporate Governance Code to ensure our board has an appropriate number of independent and non-executive directors. To that end we are engaging in a formal search to strengthen the Board and ensure we have the necessary skills and knowledge to lead the Company in its next stage of growth.\n \n\"I've enjoyed working with Zach a great deal over the last five years and his participation in our board discussions has been invaluable. The Board, and myself personally, would like to sincerely thank Zach for his contribution.\"\n \nZach Sternberg, said: \"I have enjoyed my time working with the board at Victoria, and as I rebalance my own time commitments, I am happy to leave with such significant shareholders remaining on the board.\"\n \n\n\n\n\nFor more information contact:\n \n\n\n\n\nVictoria PLC\nGeoff Wilding, Executive Chairman\nPhilippe Hamers, Group Chief Executive\nBrian Morgan, Chief Financial Officer\n \n \n\n\nwww.victoriaplc.com/investors-welcome\nVia Walbrook PR\n\n\n\n\nSinger Capital Markets (Nominated Adviser and Joint Broker)\nRick Thompson, Phil Davies, James Fischer\n \n\n\...