Marks Electrical Group plc
Board Change
Marks Electrical Group plc ("Marks Electrical" or "the Company" or "the Group"), the online electrical retailer, today announces that Tom Pallatt, Chief Financial Officer, has informed the Board of his decision to leave the Company. Marks Electrical is now commencing a process to appoint a successor. Tom, who remains a director of the Company, will continue to fulfil his current role, which will include supporting and facilitating a smooth transition. A further announcement will be made as appropriate.
Enquiries:
Marks Electrical Group plc Via DGA Group:
Mark Smithson (CEO) Tel: +44 (0)20 7664 5095
DGA Group (Financial PR)
Jonathon Brill / James Styles Tel: +44 (0)20 7664 5095
markselectrical@dgagroup.com
Canaccord Genuity (NOMAD and Broker)
Max Hartley / George Grainger Tel: +44 (0)20 7523 8000
About Marks Electrical
Marks Electrical is a technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth approximately £7 billion.
Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 4,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.
For further information, visit the Marks Electrical corporate website: https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/.
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