Stanley Gibbons names Tom Pickford as CEO

Collectables retailer the Stanley Gibbons Group revealed on Friday the chief executive Graham Shircore will step down from the role on 12 September in order to return to work at Phoenix Asset Management Partners, the group's majority shareholder.

Stanley Gibbons said Tom Pickford will replace Shircore as chief executive at that time, stating the group's new CEO had "a wealth of experience" in delivering successful business growth and "a strong track record" in the digital world.

Chairman Harry Wilson said: "I am delighted that Tom has accepted the opportunity to lead the Group in the coming years as we continue to build on the progress made in recent times and accelerate the progress towards our ambitious longer-term goals."

"I would like to thank Graham for his hard work and achievements over the last four years during what has been one of the most challenging periods in retail history. I am pleased that the group will continue to benefit from his input as a non-executive director as we move into the next phase of our development."

As of 0900 BST, Stanley Gibbons shares were up 3.45% at 1.50p.

Reporting by Iain Gilbert at Sharecast.com