Safestore Holdings plc CFO Retirement (9062N)
September 28 2023 - 2:00AM
UK Regulatory
TIDMSAFE
RNS Number : 9062N
Safestore Holdings plc
28 September 2023
28 September 2023
Safestore Holdings plc
("Safestore" or the "Company")
Directorate change
CFO Retirement
Safestore Holdings today announces that Andy Jones has notified
the Board of his intention to retire from his role as Chief
Financial Officer and as a director of the Company. Andy will
continue in his role until the transition to his successor is
complete.
The Company will be commencing an external search for Andy's
replacement.
Andy joined Safestore in May 2013. For over ten years, he has
been instrumental in helping deliver the Company's strategy,
significantly expanding its store portfolio and entering four
additional geographies. During his career with Safestore, he has
overseen a period of sector leading growth and shareholder returns,
with revenue increasing by 120%, EPS by 330% and market
capitalization by 575%.
Frederic Vecchioli, Safestore's Chief Executive Officer,
said:
"I and the Board of Safestore would like to sincerely thank Andy
for his exceptional contribution and commitment to Safestore over
the last ten years. He has been an excellent and trusted support to
me and instrumental in delivering the market leading progress of
the business in that time. I wish him well in his retirement."
Andy Jones, Chief Financial Officer added:
"It has been a privilege to be part of Safestore's progress
since 2013. Safestore is an outstanding Company with a fantastic
team and an exciting future ahead. I will be staying with the
business until the transition to my successor is complete, and I
look forward to watching the business continue to grow over the
years ahead."
Enquiries
Safestore Holdings PLC via Instinctif Partners
Frederic Vecchioli, Chief Executive
Officer
Andy Jones, Chief Financial
Officer
www.safestore.com
Instinctif Partners
Guy Scarborough/ Bryn Woodward 07917 178920 / 07739 342009
Notes to Editors
-- Safestore is the UK's largest self-storage group with 187
stores on 31 July 2023, comprising 132 wholly owned stores in the
UK (including 72 in London and the South East with the remainder in
key metropolitan areas such as Manchester, Birmingham, Glasgow,
Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29
wholly owned stores in the Paris region, 10 stores in Spain, 10
stores in the Netherlands and 6 stores in Belgium. In addition, the
Group operates 7 stores in Germany under a Joint Venture agreement
with Carlyle.
-- Safestore operates more self-storage sites inside the M25 and
in central Paris than any competitor providing more proximity to
customers in the wealthiest and more densely populated UK and
French markets.
-- Safestore was founded in the UK in 1998. It acquired the
French business "Une Pièce en Plus" ("UPP") in 2004 which was
founded in 1998 by the current Safestore Group CEO Frederic
Vecchioli.
-- Safestore has been listed on the London Stock Exchange since
2007. It entered the FTSE 250 index in October 2015.
-- The Group provides storage to around 90,000 personal and business customers.
-- As of 31 July 2023, Safestore had a maximum lettable area
("MLA") of 8.080 million sq ft (excluding the expansion pipeline
stores) of which 6.389 million sq ft was occupied.
-- Safestore employs around 750 people in the UK, Paris, Spain, the Netherlands, and Belgium.
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END
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