Stelrad Appoints New Chief Financial Officer

Stelrad Group plc announces today [27th September] the appointment of Annette Borén as Chief Financial Officer, with effect from 1 November 2023. She will be appointed as an Executive Director of the Board on 22 November 2023. 

Annette will succeed George Letham, who as announced on 22 May 2023, will retire from his position as Chief Financial Officer and Executive Director of the Company and will step down from the Board on 22 November 2023 following an orderly transition period. Post this, George will be retained in the capacity of Strategic Advisor to the CEO, on a part-time basis for a 6 month period. 

Annette is a highly experienced CFO and brings with her a proven track record in delivering financial leadership, operational excellence, and strategic growth, across different geographies and sectors. 

Most recently, she was CFO for Northern Europe at Hilti, a world leader in the manufacture of construction tools. Prior to this Annette was CFO for Doro, a Swedish consumer electronics company listed on the Nasdaq Stockholm. 

Bob Ellis, Chair of Stelrad, said:

"Following a rigorous recruitment process supported by an external search firm, I am pleased on behalf of the Board to welcome Annette to the business. She brings a wealth of experience which will enable her to make a significant contribution to the continued growth and success of the Group.  I would also like to reiterate the Board's appreciation for George's contribution and commitment during his twenty years at Stelrad and wish him all the very best in his retirement."

Trevor Harvey, CEO of Stelrad, said:

"I am delighted to announce Annette's appointment as Group Chief Financial Officer and to welcome her to our team. Annette is a valuable addition to the business and I look forward to working with her to continue to build on our market position and deliver our strategy ."

Annette Borén added:

"Stelrad is a fantastic business with an unrivalled reputation in the markets where it operates combined with a strong track record of delivery over many years.  I am excited to be joining the business at this stage in its development, with significant opportunity ahead of it, and am looking forward to working alongside Trevor and the team."

Source : Stelrad Group plc

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