Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now

Franchise Brands Announces Board Restructuring and Leadership Changes


Franchise Brands, a multi-brand franchise business, has made the decision to adjust its board structure to accommodate the significant growth experienced after the successful acquisition of Filta and Pirtek Europe.

Streamlined Board of Directors

Beginning October 2, Franchise Brands will implement a two-tier organization. This restructure will involve streamlining the board of directors to consist of five members. The board will now include two executive directors, Chair Stephen Hemsley and Chief Financial Officer Mark Fryer, as well as three non-executive directors and two independent non-executive directors.

Introduction of Management Board

To enhance operational efficiency, a separate management board will be formed below the board of directors. This management board will be responsible for the daily operational and financial management of the business. The divisional managing directors will comprise this new board.

Leadership Changes

Franchise Brands has also announced the departure of Alex McNutt, the current chief executive of Pirtek Europe, who has decided to step down to pursue other opportunities. The company will soon appoint a new chief executive for Pirtek Europe as a replacement.

Continued Expansion

With seven franchise brands spanning across ten countries, Franchise Brands continues to demonstrate its dedication to growth and success within the industry.

Stock Investors Turn to Latest Economic Data

Previous article

Zenith Energy Terminates Deal to Buy OMV Yemen Shares

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News