Online value retailer Findel appoints new chief financial officer

Findel, the owner of online value retailer Studio and Ace which sell fashion and homeware items at affordable prices, has appointed Stuart Caldwell as its new chief financial officer with immediate effect.


Ace.co.uk

Caldwell has been Acting CFO since April 2017, prior to which he held the position of group financial controller. He joined Findel in 2010 after serving in a number of roles at Provident Financial.

Ian Burke, chairman of Findel, said about Caldwell: "His knowledge and experience marked him out during the search process, and since joining Findel as chairman I have been impressed with the positive actions he has undertaken to reinforce the group finance function.

“Stuart's appointment further strengthens the new management team as we focus on the delivery of our medium-term growth plans."

Caldwell will join the Findel board and oversee all financial activities of the group, which also owns an educational resources supplier.

Meanwhile, the group’s Express Gifts division comprising Studio.co.uk and Ace.co.uk provides a personal shopping service to around 1.5 million customers each year with a product selection across garden & outdoor, homewares, men & women’s fashion, electricals, toys & games and health & beauty.

In FY16, the Express Gifts unit increased sales by 2.3% to £224.9m, driven by the expansion of the businesses’ clothing ranges.

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