Accrol appoints DS Smith senior executive as chief financial officer

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Accrol Group Holdings PLC (LON:ACRL) has appointed Richard Newman as its new chief financial officer, starting on February 1, 2021.

Newman is currently regional finance director for North Europe at FTSE 100 packaging business DS Smith PLC (LON:SMDS), holding commercial, operational, and corporate finance responsibilities across the UK, Germany, Benelux and the Nordics.

READ: Accrol says pandemic toilet paper trends have unwound back to normal in recent months

He was previously divisional finance director at FTSE 250 bus company National Express Group PLC (LON:NEX) after spending 15 years at Cadbury in several senior roles.

“The building blocks for growth are now firmly in place at Accrol and the acquisition of Leicester Tissue Company in November, signalled our intentions for the group,” said the toilet paper firm’s chief executive Gareth Jenkins in a statement.

“Richard will be key to the delivery of our growth plans and, having worked with him at DS Smith, I know first-hand the valuable skill set he will bring to the group. He will help accelerate our significant expansion plans, building on the strong foundations put in place over the last three years, and the delivery of significant returns to our shareholders.”

Accrol shares dipped 2% to 49.1p early on Tuesday.

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