Transition of Victoria's top finance management
June 1, 2022
Mike Scott will retire from flooring conglomerate Victoria plc later this year after six years in the role of chief financial officer. His replacement is Brian Morgan joins from outside the industry.
"During Mike's time at Victoria, the group has grown from a small U.K.-centric carpet manufacturer with revenues of c. £250 million in 2016 to a global flooring group with current annual revenues of c. £1.5 billion," said Victoria chairman Geoff Wilding.
"As you would expect from Mike, he leaves us in a thoughtful way, with a transparent and long-planned timeline, a robust succession plan, and a strong finance team. The board would like to thank Mike for his contribution."
Mr Scott (pictured top left) will stay in his role until August 22 and then remain as a non-executive director until the following AGM to assist with the transition.
Brian Morgan is joining Victoria from FTSE250 group, Synthomer plc, a chemical polymenrs manufacturer, where he has been Director of Group Finance since 2017 and he has a career operating across several multi-national companies.
Victoria's Board says it was attracted to the fact that, in addition to his responsibility for accounting, financial reporting, budgeting, treasury, and tax, Mr Morgan has a strong M&A background having previously been part of the Corporate Finance team at a Big-Four firm.
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