Card Factory plc announced that the Board and Kris Lee, Chief Financial Officer have agreed that Kris will leave the Company following a transition period. Kris has played a significant role in helping to guide the Company through the last few years, and particularly during the Covid impacted period. Recently he has also delivered an attractive financing package, providing the Company with a strong base for delivery of its future strategy.

Having helped provide the foundations for the successful delivery of the Company's 'Opening New Future' growth strategy and a steady recovery of the Group's finances following lockdown restrictions, the Board and Kris have agreed that now is the right time for change. The Company will commence a process to identify his successor. Kris will remain in role for the transition period, working with the Company to assist in this process and help ensure an orderly succession.