Accrol names Richard Newman as CFO-designate

Independent tissue converters company Accrol Group named Richard Newman as its next chief financial officer on Wednesday.

Accrol said Newman, who has over 30 years' experience in senior finance roles the likes of National Express and DS Smith, will join the group on 1 February 2021.

The AIM-listed group said Newman's leadership skills, knowledge and breadth of experience in mergers and acquisition, FX management and FMCG, would "significantly strengthen" its finance function and be "invaluable" in the delivery of the its "significant expansion plans".

Chief executive Gareth Jenkins said: "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.

"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."

As of 0905 GMT, Accrol shares were down 1.27% at 49.37p.