Photo-Me International PLC Appointment of Group Chief Financial Officer

TIDMPHTM

Photo-Me International PLC

26 February 2018

26 February 2018

Photo-Me International plc

("Photo-Me" or "the Group")

Appointment of Group Chief Financial Officer

Photo-Me announces that Mr Gabriel Pirona has informed the Board of his intention to step down from his role of "Group Finance Director" and leave Photo-Me to pursue a new opportunity in Continental Europe. The Board and Mr Pirona have agreed that this change will be effective from 1 April 2018.

Photo-Me is appointing Mr Stephane Gibon as Group Chief Financial Officer with effect from 1 April 2018.

Mr Gibon joined Photo-Me in 1997 and is currently Chief Financial Officer, Europe, and Group IT Manager, responsible for all finance operations across Continental Europe, the UK and Ireland, as well as the global IT support teams.

Before joining Photo-Me, Mr Gibon was Head of Financial Planning and Analysis at Philips Whirlpool (now Whirlpool) and previously Head of Internal Audit and Cost Accounting Controller at Giraudy. He also spent a number of years at SAATCHI AND SAATCHI France and FOX PATHE as Group Controller and IT Systems Manager.

In the coming weeks, Mr Pirona and Mr Gibon will work together closely to ensure a smooth transition of the role.

Commenting on the changes, Serge Crasnianski, Chief Executive Officer, said:

"I am delighted to announce Stephane's appointment. He has more than 20 years' experience working at Photo-Me and has a deep understanding of the business and our strategic priorities. The Board looks forward to working with him.

"On behalf of the Board, I would like to sincerely thank Gabriel for his contribution and dedication throughout his three years at Photo-Me, during a period of significant profit growth and diversification of the business. We wish him all the best in his new endeavours."

ENQUIRIES:

 
 Photo-Me International                [phone] 
    Del Mansi, Group General           [e-mail] 
     Counsel and Company Secretary 
 
 Hudson Sandler                        [phone] 
 Wendy Baker/Emily Dillon              [e-mail] 
 

NOTES TO EDITORS

Photo-Me International plc (LSE: PHTM) operates, sells and services a wide range of instant service vending equipment, primarily aimed at the consumer market.

The Group operates more than 47,300 vending units across 18 countries and its technological innovation is focused on three principal areas:

   --     Identification: photobooths and integrated biometric identification solutions 
   --     Laundry: unattended laundry services 
   --     Kiosks: high-quality digital printing 

In addition, the Group operates vending equipment such as children's rides, amusement machines and business service equipment.

The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors) and public transport venues. The equipment is maintained and serviced by an established network of 700 field engineers.

Photo-Me's shares have been fully-listed on the London Stock Exchange since 1962.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 26, 2018 02:01 ET (07:01 GMT)