Board Changes

Victoria PLC

08 January 2026

 

Victoria PLC

('Victoria' or the 'Company')

Board Changes

Victoria PLC (LSE: VCP), the international designer, manufacturer and distributor of innovative flooring, announces the appointment of Steve Callaghan to the Board as a Non-Executive Director (NED) and the Senior Independent Director (SID), of Victoria PLC, together with the resignation of Andrew Harrison, who has been a director since 2012.

Steve Callaghan is a highly effective business leader with a 25-year career as a growth-oriented and turnaround CEO. He has consistently demonstrated growth and transformation success in role as Chairman, as SID/NED, in addition to operational roles as CEO.

He is currently Non-Executive Chairman of private equity owned Marston Holdings Limited having been first appointed in 2021 following some Covid-related challenges. Steve led a series of improvement initiatives on both cost and revenue, and Marston maintained the confidence of the company's lenders throughout. Following nine months as Executive Chairman, a new CEO/CFO combination was established with a new leadership team, some promoted from within to continue the recovery.

In the public domain he has previously served as CEO of Ceres Power Holdings Plc, CPP Plc and Card Clear Plc. At Ceres he was initially appointed as turnaround CEO, followed by undertaking the role of SID, with the market capitalisation growing from £3 million to over £2 billion in less than four years.

Steve Callaghan holds a BSc (Eng) Hons in Electronic and Electrical Engineering from Cranfield University and is a graduate of the Royal Military Academy, Sandhurst. He is an FCA approved person.

Geoff Wilding, Executive Chairman of Victoria PLC, said:

"Firstly, I would like to thank Andrew for his contribution and support over the last 13 years. His advice and encouragement have been invaluable.

"I am delighted to welcome Steve to the Board of Victoria. He is a highly experienced business leader who has successfully transformed a number of companies in his career with his relentless focus on execution. I am confident his practical operational experience will help accelerate Victoria's recovery."

Mr Callaghan commented:

"Victoria is a business with exciting prospects and well-positioned to perform strongly as markets recover. Victoria's brands have an excellent reputation in the market for quality and service, and the team have delivered a resilient performance to date with strict cost discipline and internal initiatives to improve earnings. I look forward to adding my experience and skill set to the Board, working with Geoff and the team at Victoria to deliver significantly increased EBITDA margins over time, and create value for all stakeholders."

Additional information in respect of the AIM Rules

Mr Callaghan, aged 65 years, is currently the chairman of Marston Holdings Ltd (Inflexion PE & ICG Plc owned) (June '21 to present).

The following additional information is provided with regards to the appointment of Stephen James Callaghan, aged 65, in accordance with Rule 17 and Schedule 2 (g) of the AIM Rules for Companies:

Current Directorships

Past Directorships

Cartshed Developments Limited Sandco1290 Freeflow TOPCO limited Steve Callaghan Services Limited

Activpayroll Group Limited APD Communications Limited APD Mobile Data Limited Apex Topco Limited Argon NPS (Holdings) Limited Argon NPS Limited Argon Topco Limited Blue 8 Systems Limited Blue 8 Technologies (UK) Limited Blue 8 Technologies Limited Braid Hill Holdings Limited Braid Hill Software Limited Business Computer Technology Limited C M E Software Systems Limited C.I.M. Systems Limited Ceres Power Holdings PLC Ceres Power Intermediate Holdings Limited Charter Systems Limited CME Systems Limited Collectica Limited Digital Healthcare Limited Engage EV Limited Field Services Investments Limited First Software Limited First Software UK Limited Free Flow Bidco Limited Free Flow Interco Limited Free Flow Parentco Limited Free Flow Pikco Limited Future Energy Metering Limited Garden Private Holdings Limited Gasworks UK Ltd Grosvenor Legal Services Limited Grosvenor Services Group Limited Health Information Systems (Holdings) Limited Health Information Systems (UK) Limited Holyoake Hall Management Limited I2N Ltd Ideal Technology Services Ltd Imasys Local Government Limited IOTICS Ltd Kendric Ash Limited Kendric Ash Trustees Limited Magenta Bidco Limited Magenta Interco Limited Magenta Pikco Limited Marston (Holdings) Limited Marston Corporate Limited Marston Group Limited Marston Resources Limited Marston Technologies Limited Marston Technology Investments Limited McDonnell Limited Medical Imaging UK Limited Micro Surveys Property Systems Limited Microcentre Limited MIDRSS Limited Moreton Smith Receivables Limited MVM Central Land Charges Company Limited MVM Cleveland Limited MVM Holdings Limited MVM Infrastructure Management Solutions Limited MVM Pickwick Limited NEC Software Solutions India Pvt Limited NEC Software Solutions UK Limited Northgate Public Services (Canada) Limited Northgate Public Services (UK) Limited Northgate Public Services Limited Northgate Public Services Pty Limited NPS (Holdings) Limited NPS (UK1) Limited NPS (UK10) Limited NPS (UK11) Limited NPS (UK12) Limited NPS (UK13) Limited NPS (UK2) Limited NPS (UK3) Limited NPS (UK4) Limited NPS (UK5) Limited NPS (UK6) Limited NPS (UK7) Limited NPS (UK8) Limited NPS (UK9) Limited NSL Limited PBSD Limited Project Centre Limited Prolog Business Solutions Limited Rave Technologies (UK) Limited Rave Technologies USA Inc Rossendales Collect Limited Rossendales Limited Sheridan Systems Limited Smartworks Metering Limited Swift Credit Services Limited SX3 Limited Task Enforcement Limited Techsas Limited Transform Systems & Solutions Limited Videalert Development Limited Videalert Limited Vortex IOT Limited We Are Snook Limited XBS Limited

Mr Callaghan does not hold any shares or options in the Company.

The Company confirms that there is no other information which is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

For more information contact:

Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Alec Pratt, Chief Financial Officer	www.victoriaplc.com/investors-welcome Via Edelman Smithfield PR
Singer Capital Markets (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, James Fischer	[phone]
Berenberg (Joint Broker) Ben Wright, Harry Nicholas, Tom Ballard	[phone]
Edelman Smithfield (Investor Relations)    Alex Simmons	[phone]

About Victoria PLC (www.victoriaplc.com)

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Company, which is headquartered in Worcester, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories.

Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia and employs more than 5,000 people across more than 30 sites. Victoria is Europe's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.

The Company's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings and cash flow per share via acquisitions and sustainable organic growth.

 

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