Wakefield headquartered Card Factory, has named former chief exec of Britvic as new chairman.
Mon 15 Oct 2018
Wakefield headquartered high street gift card retailer Card Factory, has named a former chief executive of Britvic as its new chairman.
Geoff Cooper, who has held the position since 2014, advised the Card Factory board in February 2018 that, for personal reasons related to his health, he was considering his role as chairman.
Following a search process led by senior independent non-executive director Octavia Morley, Paul Moody was identified as an ideal potential successor. He will be appointed to the board as chairman with effect from 19 October 2018.
Moody spent almost 20 years at Britvic, including eight years as chief executive. In this role, he led its IPO in 2005 and a number of significant acquisitions. He also developed a commercial franchise partnership with PepsiCo and established an international footprint for Britvic.
Karen Hubbard, Card Factory's chief executve, said: "Geoff has made a significant contribution to the group, having overseen the significant development seen since IPO in 2014, and I would like to thank him on behalf of the whole business for his contribution, leadership and understand his wish to concentrate on fewer commitments."
Geoff Cooper said: "It has been a pleasure to chair the Card Factory business over the four years since IPO. We have achieved a lot with a great business, returning £295.4m, representing c. 86.6 pence per share, to shareholders since our IPO in 2014. I am pleased to hand over to Paul as the group continues to implement its growth strategy and I wish the business every success for the future."
Paul Moody added: "I'm very excited to be joining Card Factory at this stage in its evolution. It is a company with an enviable market leading position, a unique business model and is presented with a number of opportunities to build further value under its current strategy and beyond."
Cooper is currently chairman of 4imprint Group and a non-executive director and chair of the remuneration committee at Pets at Home Group. He was chairman of Johnson Service Group until stepping down in August 2018.