Victoria’s cfo is to leave the flooring manufacturer, after ‘transforming’ the group’s finace function.
Brian Morgan will leave at the end of June after three years in the role, being succeeded by Alec Pratt, who has spent 16 years in investment banking. Pratt has begun work at Victoria and Morgan will be available until the end of September.
‘Brian has made a valuable contribution to Victoria’s long history by helping to integrate the group’s largest acquisition whilst transforming the finance function across the group and head office. With the negotiated refinancing of Victoria’s debt now well advanced, Brian decided to seek a role outside Victoria and the board would like to thank him for his time at the company,’ says Geoff Wilding, Victoria executive chairman.
‘We are delighted to welcome Alec as our cfo-designate. Alec adds to the strong bench of management talent carefully built at Victoria over the last 12 years. He is uniquely qualified to take on this role and his considerable finance and capital markets experience will be extremely beneficial for Victoria’s continued growth and we look forward to updating shareholders on our progress.’
‘Victoria’s leading brands and differentiated service offering provide a compelling customer proposition that has delivered strong returns through-the-cycle. I am excited to be joining the business at this time to drive operating and capital efficiency to provide a strong platform for the company’s next phase of growth,’ says Pratt.
