Marks Electrical chief financial officer Josh Egan is stepping down from the company after more than four years.
Egan is set to take up a new role at Roadchef following a “smooth transition” and supporting the business through its preliminary results in June.
The specialist retailer said it has begun the recruitment process to appoint Egan’s successor and will update in due course.
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,” he said.
“Under [Egan’s] 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 added: “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.
“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.”
The company said it had experienced a year of “period of significant strategic change and progress” in its annual pre close trading update in April.
The retailer reported sales had edged up 2.6% to £117.2m for the 12 months to 31 March and it delivered an EBITDA of £4.2m for the period.
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