Halfords announces Andrew Findlay to step down as CFO
Halfords Group plc ("Halfords") announces that Andrew Findlay, Chief Financial Officer (CFO), has resigned to take up the position of CFO at easyJet plc. Andrew will remain as CFO of Halfords until the end of October 2015. A process to appoint his successor is underway.
Commenting on behalf of the Board, the Chairman Dennis Millard said: "We would like to thank Andrew for his outstanding contribution to the business. He has played an important role in the recent Halfords story. He will be leaving Halfords in a healthy financial position and with an award-winning Finance team. Halfords is a strong business with a clear strategy, is trading well and will continue to build on its leading positions in a number of large and attractive retail and service markets."
Andrew Findlay said: "I have greatly enjoyed my time with Halfords and I am exceptionally proud of the progress the business has made over the last few years. I am sad to be leaving, but the opportunity to join easyJet was too attractive to turn down. As a result, the time has come to let someone else take on the role of CFO in this fantastic business. I wish Halfords and the team every success."
Trading for the final quarter of the 2015 Financial Year was in line with management's expectations and, as originally planned, a trading update for the quarter and the full year's results for the 53 weeks ended 3rd April will be provided on 5th June 2015.
Dennis Millard, Chairman
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Adam Phillips, Head of Investor Relations
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Halfords is the UK's leading retailer of automotive, cycling and leisure products and, through Halfords Autocentres, also one of the UK's leading independent car servicing and repair operators. Halfords customers shop at 468 stores in the UK and Republic of Ireland, including four Halfords "Cycle Republic" shops , and at halfords.com for pick-up at their local store or direct home delivery. Halfords Autocentres operates over 300 sites nationally and offers motorists dealership-quality MOTs, repairs and car servicing at affordable prices.
The Halfords Group strategy is based on three pillars:
· Supporting Drivers Of Every Car
· Inspiring Cyclists Of Every Age
· Equipping Families For Their Leisure Time
The Getting Into Gear strategy for the Retail business is based on executing in five key areas in order to deliver a significantly-enhanced customer experience:
· Service Revolution
· The H Factor
· Stores Fit to Shop
· 21st Century Infrastructure
· Click with the Digital Future
Halfords employs approximately 11,000 colleagues and sells around 9,000 product lines in store, increasing to around 160,000 Retail products online. The Retail offering encompasses significant ranges in car parts, cycling products, in-car technology, child seats, roof boxes and camping equipment. Halfords' own cycling brands include Apollo, Carrera, Boardman and 13 cycles, augmented by a range of other brands of cycles and accessories, including Kona, Mongoose, Raleigh and Pinarello. In Auto, the Halfords Essentials and Halfords Advanced ranges are sold alongside brands such as Karcher, General Electric, Bosch, Garmin and TomTom. In Travel Solutions, Halfords sells a premium range of equipment including camping brands such as CampinGaz and Outwell. Halfords offers customers expert advice and a fitting service called 'wefit' for car parts, child seats, satellite navigation and in-car entertainment systems, and a 'werepair' service for cycles.