Fuller's appoints Neil Smith as FD
11 June 2021
Fuller's has appointed Neil Smith as Finance Director. He will join the Company at a date to be confirmed, but no later than 1 December 2021.Smith will also be appointed to the Board as of the same date and the Board will update shareholders accordingly.
Smith is currently Chief Financial Officer of Domino's Pizza Group PLC. He is a highly regarded finance leader with over a decade's experience as a FTSE 250 Chief Financial Officer and comes with a wealth of experience in the pub sector having spent nine years as Chief Financial Officer of Ei Group plc (formerly Enterprise Inns plc), prior to joining Domino's. Neil qualified as a chartered accountant with PWC and has also held senior financial roles in the retail and telecoms sectors with consumer-facing companies including Compass Group plc, Virgin Media, Telewest Global Inc. and Somerfield plc.
Smith is a strategic thinker and his breadth of experience covers areas including investor relations, corporate finance, treasury and strategic transformation in both testing and buoyant economic environments. In addition, he has a strong track record of building successful teams both within finance and in collaboration with other areas of the business.
Smith said: "I am looking forward to joining the Fuller's team - it is a business I have long respected and admired. I am passionate about pubs and welcome the opportunity to bring my experience to bear with this great Company and play my part in the continued development of this iconic business and its future success."
Chairman, Michael Turner, added: "I am delighted to welcome Neil to our Company. He brings a wealth of experience, together with valuable industry expertise, and has a very good financial track record. Neil shares our values, will fit well with our culture, and will help our leadership team grow the business as our country emerges from the pandemic. He will be a great asset to Fuller's, and our Board looks forward to working closely with him in the future."
Domino's Board said in a separate RNS that it will now commence a search process to identify and appoint a successor. Neil will work with Dominic Paul, Chief Executive Officer, and the Board to ensure an orderly transition and is expected to leave on 26 November 2021 following completion of his notice period.
Dominic Paul, Chief Executive Officer of Domino's, said: "Neil has been a highly valued member of the management team and played a key role in refocusing the Group and bolstering our financial discipline through extraordinary operating conditions. We have a clear plan to deliver the future, underpinned by a robust capital allocation philosophy that Neil helped to establish. While I am sorry he is leaving, I understand his decision and look forward to working with him as we search for his successor. We all wish him well."
Neil Smith, Chief Financial Officer, said: "I feel privileged to have been part of the Domino's team through a period of significant transformation. While I was not looking to leave Domino's, I have been given an exceptional opportunity to return to an industry where I have spent much of my career. I have no doubt that Dominic and the team will successfully execute on the strategic plan to deliver long-term growth."
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