Eurocell CFO To Retire; CFO Designate Appointed

Eurocell plc, the leading UK manufacturer and distributor of door and window products to the trade, today announces that Michael Scott, who has served as Chief Financial Officer (CFO) since 2016, has notified the Board of his intention to retire in the spring. He will be succeeded by Will Truman, currently a Non-executive Director at Eurocell, who has been appointed CFO Designate and will join the business full time during November.

To ensure a smooth transition, Michael will remain with the Group until the conclusion of the FY 2025 financial reporting process in the spring. Following a planned handover, it is intended that Will assumes the role of CFO in the new year.

Will was Chief Executive at Imagesound Ltd for 9 years up to April 2023, having served as CFO for 7 years prior to that. Previously, he was an Associate Director within Transaction Services at KPMG LLP, having previously been a member of the Corporate Finance and Audit teams, and is a Fellow of the Institute of Chartered Accountants in England and Wales.

Derek Mapp, Chair of Eurocell, said:

"As CFO for the past 9 years, Michael has been instrumental in Eurocell's development, initially as a new plc through a period of very strong growth, and subsequently navigating exceptional challenges such as the COVID pandemic and shaping our response to changing market conditions. More recently, he was influential in the design of our current strategy and in delivering the Alunet acquisition. We are extremely grateful to Michael for his immense contribution to the Group and his commitment to ensure a smooth transition. On behalf of the Board, I thank him for his significant achievements, and we wish him all the very best for the future. 

We are delighted that Will has agreed to step into this role. Having served on our Board as a Non-executive Director since 2023, he has a deep understanding of the Group, its culture, and its strategic objectives. The Board is confident Will's appointment will bring valuable stability as we continue to progress our strategy." 

Michael Scott said:

"It has been a privilege to be Eurocell's CFO through an exciting period of change and growth. I would like to thank all my colleagues throughout the business for their very strong support. The Group is now well placed to deliver its strategic priorities."

Source : Eurocell

Image : Eurocell

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