Leadership Change at Headlam Group

Headlam Group plc the UK's leading floor coverings distributor, announces that Chris Payne, Group Chief Executive Officer and Executive Director, has stepped down from the Board with immediate effect

Stephen Bird, Non-Executive Chairman, will assume the role of interim Executive Chairman, while the Board runs a formal CEO succession process.

He will return to his Non-Executive role once the new CEO is appointed.The Board is accelerating the execution of the turnaround strategy to restore profitability and strengthen the Group's market position.

Stephen Bird, interim Executive Chairman, commented:"This leadership change positions us to move forward with greater pace and focus. The Board is taking decisive action to deliver the transformation our business needs. I want to thank Chris and Toni for their contributions to Headlam and wish them well for the future. Our customers are the foundation of everything we do. I look forward to accelerating the change needed to ensure our partners have our complete focus and commitment."

Source: Headlam Group PR Team

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