Science in Sport PLC Appointment of Chief Financial Officer (8816L)

TIDMSIS

RNS Number : 8816L

Science in Sport PLC

11 September 2019

 
                                      11 September 2019 
 

SCIENCE IN SPORT PLC

("SiS", "Company" or "Group")

Appointment of Chief Financial Officer

Science in Sport plc (AIM: SIS), the premium performance nutrition company serving elite athletes, sports enthusiasts and the gym lifestyle community, is pleased to announce the appointment of James Simpson as Chief Financial Officer. James, an experienced finance executive with a track record in the e-commerce and consumer sectors, will join the Group, and Board, on 26 September 2019.

He joins Science in Sport from ASOS plc, the AIM-listed fashion e-tailer, where he held the title of Operational Finance Director. Prior to ASOS, James held senior financial roles at the consumer businesses Britvic plc and Tesco plc.

James qualified as an accountant with PwC in 1998. His early career was in audit at PwC after which he worked in finance roles at Cadbury Schweppes, L'Oreal and Royal Dutch Shell before joining Tesco.

In addition to his executive career, James has been a longstanding non-executive director at the arts charity Fevered Sleep.

James's appointment at Science in Sport follows the Company's announcement on 12 June 2019 stating that Elizabeth Lake, the Company's former Chief Financial Officer, would leave the Company on 10 September 2019.

John Clarke, Science in Sport's Non-Executive Chairman, commented:

"We are delighted to welcome James as Chief Financial Officer of Science in Sport at an exciting time in the Group's development. James brings a wealth of financial experience gained in the e-commerce and consumer sectors, particularly in the planning and management of international growth. We look forward to working with James as we continue to deliver our international growth strategy."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. James Lonsdale Simpson (44 years of age) has been a director or partner of the following companies during the five years preceding the date of this announcement:

 
 Current directorships   Past directorships 
 Fevered Sleep           None 
                        ------------------- 
 

There is no further information to be disclosed pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

For further information:

 
 Science in Sport plc 
  Stephen Moon, Chief Executive Officer    [phone] 
 Liberum 
  Nominated adviser and broker 
  Bidhi Bhoma 
  James Greenwood                          [phone] 
 Buchanan Communications                   [phone] 
  Financial PR                              [e-mail] 
  Mark Court 
  Vicky Hayns 
  Tilly Abraham 
 

Notes to Editors

About Science in Sport plc

Science in Sport plc is a leading sports nutrition business that develops, manufactures and markets innovative nutrition products for professional athletes, sports and fitness enthusiasts and the gym lifestyle community. The Company has two highly regarded brands: PhD Nutrition, a premium protein brand targeting gym lifestyle and sports enthusiasts, and SiS, a leading brand among elite athletes and professional sports teams.

The two brands are sold internationally through multiple retail channels, both traditional and online, including major supermarkets and high street chains, specialist sports retailers and e-commerce sites including Amazon and the brands' own websites. They enable the Company to address the full breadth of the performance nutrition market currently estimated at approximately GBP10 billion worldwide.

PhD is one of the UK's leading protein brands with a reputation for high quality and product innovation. The brand has grown rapidly, based on its core protein powders, since launch in 2005. The range now comprises powders, bars, flapjacks, drinks and other products including the high protein, low sugar range, PhD Smart. PhD is the exclusive sports nutrition supplier to David Lloyd Clubs and its brand ambassadors include rapper Bugzy Malone, WBA international champion Jordan Gill and Team GB Olympic sprinter Asha Philip.

SiS, founded in 1992, has a core range comprising gels, powders and bars focused on energy, hydration and endurance. SiS is the official sports nutrition supplier to many professional cycling teams and organisations including Team INEOS, British Cycling, Cycling Australia, USA Cycling and USA Triathlon. SiS supplies more than 80 professional football clubs in the UK and is an official partner to British Triathlon and the Rock 'n' Roll Marathon Series. SiS brand ambassadors include Olympians Sir Chris Hoy MBE, Mark Cavendish MBE and Adam Peaty MBE.

Science in Sport is headquartered in London. Its shares joined the AIM market of the London Stock Exchange in August 2013 and trade under the ticker symbol SIS.

For further information, please visit www.scienceinsport.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 11, 2019 02:01 ET (06:01 GMT)