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Portmeirion Group (LSE:PMP), a prominent homeware brand owner and retailer, announced the appointment of Jonathan Hill as its new Group Finance Director, effective 1 October. Hill, a qualified Chartered Accountant, brings over 20 years of finance and leadership experience spanning various sectors and international regions, including the UK, Europe, the US, and Asia.
Hill’s extensive background includes roles with notable consumer goods brands such as Umbro, a subsidiary of Nike, and manufacturing experience with Ideal Standard and Cormar Carpets. The firm stated that Hill’s appointment is pending the completion of regulatory checks, with additional updates to be provided as necessary.
This announcement follows the departure of David Sproston, who has served as Group Finance Director for the past five years and spent a total of 16 years with Portmeirion Group. Sproston played a crucial role in navigating the company through multiple acquisitions, managing the impacts of the Covid-19 pandemic, and overseeing a successful fundraising initiative.
Sproston will officially step down from the board on 30 September but will assist with the transition until 31 December to ensure a smooth handover process. Non-executive Chairman Dick Steele expressed gratitude for Sproston’s significant contributions, highlighting his role in the group’s progress and growth over the years.
Steele welcomed Hill to the company, noting the value of his extensive international experience, which aligns with Portmeirion’s long-term growth strategy. Hill’s background in diverse markets is anticipated to support the company’s expansion and development goals effectively.
At 1015 BST, Portmeirion Group's shares were down by 1.5% at 230p.
