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IN BRIEF: Ultimate Products announces promotions as CCO made president

ALN

Ultimate Products PLC - Oldham, England-based owner of homeware brands Salter and Beldray - Announces several senior management promotions from its operating board to ‘C-suite roles’. Trading Director Duncan Singleton, who currently oversees the Small Domestic Appliances division, will be promoted to chief commercial officer. Current Chief Commercial Officer & Founder Simon Showman, transitions to the role of president & founder with effect from September 1. He replaces Barry Franks who will remain a ‘major shareholder’. Showman remains Ultimate Products’ biggest shareholder and will stay on the board. Supply Chain Director David Bloomfield will be promoted to chief supply chain officer and Trading Director Katie Maxwell, who currently leads the Housewares division, will be the new chief product officer. Brand Director Tracy Carroll, who assumed the then-newly created role in 2022 and led Salter and Beldray’s ‘successful rebrands’, is promoted to chief marketing officer. Finally, Operations & HR Director Craig Holden is promoted to chief operating officer.

Chief Executive Andrew Gossage comments: ‘I am very pleased to be promoting this exceptional group of individuals to C-suite roles...I am also delighted that [Showman] will continue to play an important role in the business, with a particular focus on realising the exciting opportunities that we see for this business in Europe.’

Current stock price: 64.37 pence

12-month change: down 56%

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