9
August 2024
Hornby Plc
("Hornby" or the
"Group")
Appointment of Non-Executive
Chairman
Hornby Plc, the international models
and collectibles group, today announces Neil Sachdev MBE,
aged 65, has joined the Group as a Non-Executive Chairman with
immediate effect.
An experienced NED who also works
with a number of Public Service organisations, Neil is currently
Chair at HM Land Registry, EastWest Rail Company and Network Rail
Property Company, as well as being a Council Member at The
University of Warwick. During Neil's Exec career he served as
Stores Board Director at Tesco, responsible for property and
operations for the UK business, and Group Property Director at J
Sainsbury.
Olly Raeburn, Hornby CEO, commented: "We're delighted to have someone of Neil's calibre joining
us as Non-Exec Chairman. This is a pivotal time for Hornby and
Neil's retail and supply chain experience will add a valuable
perspective, and provide welcomed support, to the turnaround that's
already underway."
Neil Sachdev, Non-Executive Chairman,
added: "It is a real privilege to
join Hornby Plc and to work with such an enviable portfolio of
great heritage brands. This is an incredibly exciting time for
Hornby as it moves from a period of restructuring to stability, to
growth. I am looking forward to working with Olly and the rest of
the Board to support them as this iconic and enriching business
continues its journey to profitability."
The Board would like to thank John
Stansfield for stepping in as Interim Non-Exec Chairman as our
search continued for the right candidate. With Neil's appointment,
John remains on the Board as an Independent Non-Executive
Director.
The names of all companies and
partnerships of which Neil has been a director or partner at any
time in the previous five years are set out below:
|
Current directorships and/or
partnerships
|
Previous appointments in the
last 5 years
|
|
Friends
of Westonbirt Arboretum Enterprises Limited
|
Nuffield
Health
|
|
Friends
of Westonbirt Arboretum
|
Warwick
Business School
|
|
Exclusive
Contract Services Limited
|
Energy
Savings Trust
|
|
Brayborne
Facilities Services Limited
|
Restoration and Renewal Delivery Authority Ltd
|
|
The
Exclusive Services Group Limited
|
Cake Box
Holdings PLC
|
|
Querkus
Limited
|
EST
(Holdings) Limited
|
|
HM Land
Registry
|
Bonhill
Group PLC
|
|
East West
Railway Company Limited
|
|
|
London
& Continental Railways Limited
|
|
|
Network
Rail Property Limited
|
|
|
Defence
Infrastructure Organisation Board for the Ministry of
Defence
|
|
Neil holds no ordinary shares in
Hornby.
Save as set out in this
announcement, there are no further details to be disclosed under
Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect
of Neil.
Enquiries:
Hornby PLC
Oliver Raeburn,
CEO
01843 233 500
Kirstie Gould, CFO
Holly Barnett,
PR
Panmure Liberum Limited, Nominated Advisor and
Broker
Andrew
Godber
020 3100 2222
Edward Thomas
Anake Singh