Marks Electrical’s chief financial officer is set to leave after four years with the business.
The electricals retailer has started the search for a successor to Josh Egan, who helped launch its successful float on the AIM in 2021.
Egan is set to take up his new role, chief financial officer of Roadchef, following a “smooth transition” and supporting the business through its preliminary results in June.
Marks Electrical chief executive Mark Smithson said: “Josh has made a great contribution to the transformation of Marks Electrical, bringing professionalism and rigour to the finance function and through wider support across the business. Our financial controls, reporting and financial discipline are in a far stronger place than when he arrived.
“Under his guidance, we have improved our financial and operational capabilities, creating a strong platform for our future success. He has been a great colleague, and we thank him for his efforts at Marks Electrical and wish him well in his new role.”
Egan said: “It’s been a pleasure to work with Mark and the team, as we transitioned from a successful family-owned business to a publicly traded company.
“It’s never an easy decision to leave a great business, especially with the progress we have made over the last few years. However, the opportunity has arisen for me to take on an exciting new challenge.
“I leave Marks Electrical in a good position and have every confidence that the business will continue to flourish, as it executes on its strategy of driving profitable market share gains to become the UK’s leading premium electrical retailer.”
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