Lords Group appoints new finance chief

4th Apr 2024 09:10

(Sharecast News) - Building materials distributor Lords Group announced the appointment of Stuart Kilpatrick as its new chief financial officer on Thursday, succeeding Chris Day.

The AIM-traded firm said Kilpatrick's appointment followed a rigorous formal search process, and would take effect in early July.

It said Kilpatrick would bring a wealth of experience to the role, describing him as a seasoned CFO with a track record in leading finance functions within various publicly-listed companies.

His last position was CFO at Systal Technology Solutions, a global provider of managed IT networks.

Prior to that role, Kilpatrick was group finance director for 11 years at James Fisher & Sons, a provider of services to the marine, oil and gas industries, among others.

His expertise also extended to his previous role as group finance director for Empresaria Group, an AIM-listed specialist staffing group, from 2008 to 2010.

"The board is delighted to announce the appointment of Stuart Kilpatrick as CFO," said non-executive chairman Gary O'Brien.

"We are pleased to be appointing a CFO with significant AIM market and merger and acquisition experience, who can be effectively integrated into the business.

"Working closely with the executive team, we believe he will contribute to the continued success of the company."

O'Brien said Chris Day would step down as a director and leave the group shortly after the publication of its 2023 results in May.

"In the interim period between Chris' departure and Stuart's arrival, the group is well supported by its strong, well established finance team who will ensure a smooth transition for the business."

At 1000 BST, shares in Lords Group Trading were up 1.93% at 48.92p.

Reporting by Josh White for Sharecast.com.