Stanley Gibbons appoints chief executive from majority stakeholder Phoenix

Stamp dealer Stanley Gibbons Group announced on Monday that non-executive director Graham Elliott Shircore has been appointed as its chief executive.

Shircore joined the AIM traded collectibles firm in March as a result of financial restructuring, and will now be responsible for delivering the company's overall strategy and direction.

Harry Wilson, chairman of Stanley Gibbons, said: "I am delighted that Graham will be leading the group in the next phase of its development. His appointment and the recent changes in management have refreshed and strengthened the management team following on from the restructuring announced in March."

Shircore has previously worked as an equity analyst at Aviva Investors, where he also managed European funds, and joined as a senior equity analyst at Rothschild Wealth Management in 2013.

Furthermore, he joined Phoenix Asset Management Partners in January 2017 and was heavily involved in the process which led to Phoenix taking a 58% equity stake in The Stanley Gibbons Group.

"With the benefit of a strengthened balance sheet, a much-simplified structure and some of the most knowledgeable and experienced people in their respective markets, we are now able to focus on our long-term future. It is truly an exciting time for the Group," said Shircore.

As of 1629 BST, Stanley Gibbons Group’s shares were down 1.98% at 3.97p.