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LONDON - Zotefoams plc (LSE:ZTF), a leading manufacturer in cellular materials, announced the appointment of Nick Wright as the new Group Chief Financial Officer (CFO), succeeding Gary McGrath who will retire. Wright is set to join the company no later than October 27, 2025, and will also be appointed to the Board as an Executive Director.
Nick Wright, an ACA-qualified Chartered Accountant, brings over two decades of experience in financial management and business leadership. His career started at KPMG, followed by significant roles in the industry, including Senior Director of Finance and Control at e2v plc, and Group Financial Controller at S4 Capital. Wright’s expertise in restructuring, integration, and financial transformation is expected to support Zotefoams’ strategic growth.
Gary McGrath will step down from the board but remain employed until the end of February 2026 to ensure a smooth transition. McGrath’s tenure at Zotefoams has been marked by substantial growth for the company.
Ronan Cox, Group CEO of Zotefoams, expressed his delight in welcoming Wright to the team, noting his extensive experience as an asset for the company’s future endeavors. Cox also extended gratitude to McGrath for his significant contributions and wished him well for his retirement.
The announcement complies with UK Listing Rules, and there are no further details required to be reported under these regulations. This transition is part of Zotefoams’ managed succession planning, indicating a focus on continuity and strategic leadership to maintain the company’s growth trajectory.
The information for this report is based on a press release statement from Zotefoams plc.
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