UK-based Tissue Converter Accrol's CFO Steve Townsley Steps Down

Accrol has announced that Steve Townsley has stepped down from the Board and his role as chief financial officer for health reasons.

Hannah Argo, who joined the Group on January 10, 2019, has been appointed as Interim CFO. Hannah has extensive experience in senior financial roles gained with a number of global blue chip FMCG and Pharma businesses, including Alliance Boots, Robert McBride and latterly Tulip UK.

Dan Wright, chairman of Accrol, said: "Hannah is a proven and dynamic CFO with excellent communication and motivational skills. She is a strategic thinker, who is equally at home with the operational details. Her all-round business knowledge and a strong commercial focus are well suited to the Group's current needs. I look forward to working with her and extend a warm welcome to the Group.

"On behalf of the Board, I thank Steve for the short but important role he has played in the turnaround of the Group. We wish him well."

The Board now comprises: Dan Wright (executive chairman), Gareth Jenkins (CEO), Euan Hamilton (non-executive), & Simon Allport (non-executive) and plans to commence a process to find a new permanent CFO in due course.

Accrol Group Holdings based in Lancashire, is a leading tissue converter and supplier of toilet rolls, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK.

Accrol operates from three sites:

• A manufacturing, storage and distribution facility in Blackburn;
• A facial tissue plant, also in Blackburn; and
• A manufacturing, storage and distribution facility in Leyland.

Back to Tissue360 Newsletter