IN BRIEF: Victoria CEO Philippe Hamers set to retire next year

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Victoria PLC- Worcester, England-based designer, manufacturer, and distributor of flooring products - Chief Executive Officer Philippe Hamers, after almost nine years in the role, proposes to retire as CEO in the middle of 2026. Begins ‘considering options’ around future management, while Hamers ‘continues to drive the performance of the business.’ Adds that the company’s focus remains on delivering the self-help initiatives outlined at its full-year results.

‘Philippe’s leadership has seen Victoria transformed from a collection of high-quality flooring companies into an integrated flooring group that is Europe’s largest. He has been particularly responsible for the group’s winning strategy in the UK. As the Board considers its options for a successor, the objectives will be to maintain the focus on execution, and ensure the company delivers value for shareholders,’ says Chair Geoff Wilding.

Current stock price: 66.50 pence, down 0.8% on Wednesday afternoon in London

12-month change: down 51%

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