Nichols plc announced that Richard Newman will join the Board as a Director with effect from 29 January 2024 before becoming Chief Financial Officer (CFO) and Company Secretary in March 2024 following the publication of the Group's Preliminary Results for the year to 31 December 2023. David Taylor, who is currently acting as Interim CFO and Company Secretary, will step down from the Board at the same time in March following a smooth transition of responsibilities. Richard brings extensive and relevant UK public company financial experience having held a number of senior plc roles and most recently, between 2021 and 2023, as CFO at AIM-listed Accrol Group Holdings Plc.

Richard joined Cadbury plc in 1996 progressing to Finance and IT Director for Ireland and then Group Financial Controller. After 15 years with Cadbury, he took a new role as Divisional Finance Director at National Express Group plc before joining DS Smith plc in 2015 as UK Finance Director for Packaging. Richard is a member of the Institute of Chartered Accountants in England and Wales, having qualified with PwC in 1993.