Norcros plc, announced that after 30 years with the Company, Nick Kelsall, Chief Executive Officer, has notified the Board of his intention to retire. Nick will step down as CEO and from the Board with effect from 31 March 2023. Following a rigorous recruitment process, Thomas Willcocks, who is currently the Group's UK Business Director, will succeed Nick as CEO.

Nick was appointed CEO in April 2011 and over the last 12 years has transformed the Group through the successful execution of a focussed growth strategy into a highly profitable and resilient market-leading business with strong brands. The Group has delivered an enviable track record of sustained domestic and international growth during Nick's leadership, through his strategic vision and business acumen. Nick previously served as the Group's Chief Financial Officer from October 1996, having joined Norcros in 1993.

To ensure a smooth and effective handover, Nick will remain an employee for a period of twelve months from now. Thomas Willcocks will assume the role of Chief Executive Officer effective 1 April 2023, until then he will be CEO Designate. Since August 2021, Thomas has been a member of the Executive Team at Norcros as Business Director UK with operational responsibility for the Group's UK business segment.

Prior to his move to the UK, Thomas was, from 2009, Managing Director of Norcros South Africa where he led the transformation and profitable growth of the South African business.