The chief operating officer of Gloucestershire-headquartered kitchenware brand Procook is stepping down from the board after seven years. Steve Sanders is planning to retire, the listed company announced on Monday (September 26).
During his time at Procook, the company has grown from a £15m-revenue business to nearly £70m, with 56 stores, in 2022.
He will retire in spring 2023 following his notice period, allowing for a "smooth handover" of his responsibilities to the group's executive team, which has recently been expanded, Procook said.
Daniel O'Neill, chief executive and founder, said: "On behalf of the board and all of the team at ProCook, I would like to thank Steve for his substantial contribution to the group over the last seven years.
"He has been instrumental in establishing the group's strong operational platform to support the continued scaling up of the business. The executive team look forward to working with him over the coming months to assume his responsibilities, before wishing him well for his retirement."
In July, bosses at ProCook said the brand was in a strong financial position to weather a contracting kitchenware market, with consumer confidence hitting lows “not seen for many years”.
In a set of preliminary results for the 2022 financial year, the firm, which listed on the London Stock Exchange last year, reported gross profit had increased to £45m - up from £35.9m - with underlying profit before tax at £9.5m, compared to £8.3m a year earlier.
The family-run retailer, which sells its products through its website and a portfolio of stores across the UK, said it had outperformed the UK market, attracting 723,000 new customers with growth driven by the reopening of its branches following Covid restrictions.
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