CFO departure and succession plan
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This announcement contains inside information
17 March 2026
SThree plc
Chief Financial Officer departure and succession plan
SThree plc (the "Company"), the global STEM workforce consultancy, announces that, after nearly five years with the Company, Andrew Beach, Chief Financial Officer (CFO), will be stepping down as CFO and from the Board at the conclusion of the Company's Annual General Meeting on 29 April 2026, but has agreed to continue within the business until the announcement of the Company's half year results on 21 July 2026, to support a smooth and orderly transition.
In line with the Nomination Committee's established succession approach, Damian Fehrenberg, currently Senior VP Finance USA, will become Interim CFO from 30 April 2026 whilst the process to identify a permanent successor is conducted by the Nomination Committee, with the support of external consultants. That process has begun and the Company will provide an update to the market in due course.
Timo Lehne, CEO commented:
"Andy has made a significant contribution to SThree since he joined us in 2021. He has played an important role in creating the strong foundations to drive efficiency and growth at SThree for many years to come, including through his contribution to the successful implementation of our Technology Improvement Programme. On behalf of SThree, I would like to thank Andy and wish him every success for the future."
Andrew Beach, outgoing CFO said:
"I have enjoyed my time at SThree and am proud of the achievements during my tenure, including strengthening the financial foundations of the business, delivering material operational efficiencies and successfully implementing the TIP programme on time and on budget. With stable performance being delivered, FY26 expectations reiterated and the TIP now successfully deployed, it feels like the right time for me to consider the next phase of my career. I would like to thank Timo, the Board and all my colleagues for their support. I believe the Company is well placed for the next stage of its development and I look forward to following its continued progress."
AGM Notice
As the Company's AGM Notice has already been issued, the Company confirms that the resolution to reappoint Andrew Beach as a Director of the Company (Resolution 7) is now withdrawn. The withdrawal of Resolution 7 does not otherwise affect the validity of the Notice of Meeting, or any proxy votes already submitted on other proposed resolutions. The numbering of all other proposed resolutions at the AGM will remain unchanged.
Remuneration
Information on remuneration is available on the Company's website in accordance with section 430(2B) of the Companies Act 2006.
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Enquiries:
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SThree plc |
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Timo Lehne, CEO Charlie Hildesley, Investor Relations Manager
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investorrelations@sthree.com |
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Alma Strategic Communications |
+44 20 3405 0205
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Rebecca Sanders-Hewett Hilary Buchanan Sam Modlin Rose Docherty |
SThree@almastrategic.com |
Notes to editors
SThree plc brings skilled people together to build the future. We are the global STEM workforce consultancy, placing highly skilled, STEM specialist workers in the industries where they are needed most. We advise businesses, build expert teams, and deliver project solutions for our clients. With 40 years of experience in pure-play STEM and a global team with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles.
We provide permanent and flexible contract talent to a diverse base of around 6,000 clients. By combining advanced technology with expertise, we push beyond traditional boundaries to deliver tailored solutions, leveraging data and insight from our world-class operating platform.
Outpace tomorrow, together
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