Halfords Group plc CFO Andrew Findlay resigned to take up the position of CFO at easyJet plc. Findley will remain as CFO of Halfords until the end of October 2015. A process to appoint his successor is underway.
“We would like to thank Andrew for his outstanding contribution to the business,” said Dennis Millard, chairman of Halfords board. “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.”
Findlay said he was 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,” he said. “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.
Halfords is the UK's leading retailer of automotive, cycling and leisure products. 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' 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 Travel Solutions, Halfords sells a premium range of car camping equipoment and roof racks including camping brands such as CampinGaz and Outwell.