Franchise Brands plc announced that Peter Molloy, CEO of the Water & Waste Services division, has been appointed as a Director on the Board of the Company with immediate effect. The Group has grown rapidly over the past two years with the acquisitions of Filta and Pirtek and now has annualised system sales of approximately £400m, with seven franchise brands across 10 countries in the UK, Europe and North America. The Board has been considering the optimum leadership structure and the development of corporate governance for a Group of this size as it continues to realise the Group's growth potential.

In his new role,Peter Molloy will be responsible for the day-to-day leadership of the Group across its four principal divisions and shared central functions, and will drive the implementation of the strategy, business performance and accelerate integration. Stephen Hemsley will remain Executive Chairman and focus on the strategic and corporate development of the Company, including Group finance and future acquisitions.