No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Foams manufacturer Zotefoams revealed on Monday that chief financial officer Gary McGrath will retire from the group in 2025.
Zotefoams said a search process for McGrath's successor was already underway and that he will remain in his existing role until 31 October, or longer if required, as part of a managed succession process.
Chief executive Ronan Cox said: "I would like to thank Gary for his exceptional contribution to Zotefoams over the past nine years, during which revenue has grown from 53.9m to 147.8m and underlying profit before tax has grown three-fold.
"His financial leadership and strategic vision, particularly during the volatile market conditions the industry has experienced in recent years, has positioned the company strongly for future success and we wish him all the best in his retirement."
As of 1105 GMT, HSS shares were down 4.53% at 5.83p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.