Hornby Plc announced Oliver Raeburn, aged 52, has agreed to join the Group as CEO in early 2023. Oliver is CEO of Aspen Phoenix NewCo Limited, trading as Paperchase. Oliver has an extensive background in marketing, becoming Chief Marketing Officer of Paperchase in 2019, whilst it was in a Creditors' Voluntary Arrangement.

He was promoted to CEO in 2020 and he guided the company through an administration process during the Covid pandemic. This was followed by a turnaround process, refinancing and sale of the business.