Franchise Brands plc announced that Executive Directors Peter Molloy (Managing Director, B2B Division), Jason Sayers (Managing Director, Filta International), Tim Harris (Managing Director, B2C Division), Colin Rees (Chief Information Officer) and Julia Choudhury (Corporate Development Director) will step down from the PLC Board as directors and all join the Management Board David Poutney, independent Non-Executive Director, will also be retiring from the PLC Board as a director and as Chair of the Audit Committee, but will not be joining the Management Board. David has played an instrumental role in the Group's growth since IPO Andy Brattesani, independent Non-Executive Director, will take over as Chairman of the Audit Committee when David retires. Andy is an experienced banking professional with over 30 years' experience.
He was previously Head of Franchise atHSBC and prior to that held senior management roles at HBOS, RBS and Standard Chartered. The Group announced that Peter Kear will join the PLC Board on 2 October 2023 as Senior Independent Non-Executive Director and will Chair the Remuneration and AIM Compliance Committees. Peter is a highly experienced public company director with substantial experience in business building and management in the technology sector.
He co-founded D4t4 Solutions plc (originally IS Solutions plc) in 1985 and was responsible for sales and business development before being appointed CEO in 2016. During his tenure as CEO, D4t4 Solutions plc achieved substantial growth in revenue and profits, growing from a market capitalisation of c.£40m to c.£160m when he stood down in 2022. Peter has experience of both the London Stock Exchange's Main Market and AIM.
The Group announced that Rob Bellhouse, who has been an independent Non-Executive Director of the Group since 2016, will be appointed full-time Company Secretary and will therefore retire from being a Non-Executive Director of the Company. Rob is a highly experienced Company Secretary with experience gained through over 30 years in listed companies, including Lonmin, Greene King, Domino's Pizza (on an interim basis) and most recently, De La Rue. He was voted ICSA Company Secretary of the Year in 2014.
Rob's experience will be of great benefit in helping manage the increased complexity of a multi-jurisdictional business.