Rob Parker, current Chief Financial Officer, will be appointed as Group CEO effective at the end of the month following the resignation of Matt Williams.

Williams will step down from the Board with effect from 29 November 2019 when Parker will take over. To ensure a smooth handover Matt will remain as an advisor to the business until the end of May 2020. The announcement follows the release of the 2019 full year results earlier that week.

Rob Parker, said: “I am delighted to be offered this opportunity to lead the organisation. Topps is an exceptional business in so many ways and I am very proud of the part I have played in our journey so far. I look forward to the future with energy and excitement as we continue to refine our market leading retail offer and to further our expansion into the commercial tile market.”

Williams, said: “It has been a really tough decision to leave Topps but I feel now is the right time for me to pursue a new challenge. Topps is, and will always remain, a very special company to both me and my family. It is a quality business with enormous strength in its specialism which it derives from its people and culture. It has been an honour and privilege to lead and work alongside everybody within the Topps family and I wish them all well for the future.”

Darren Shapland, Non-Executive Chairman, said: “Matt has made a tremendous contribution to the business over the last 20 years and in particular over the last 12 years as Chief Executive. During this time he has reshaped the retail business, completed a very successful re-branding and led the investment into the commercial tile market. On behalf of the Board I wish him every success for the future.

“I am delighted that Rob Parker, our CFO for the last 12 years, has accepted the role of Group CEO. Rob is very well known across the business and has established himself as a strong strategic thinker and leader of people across the organisation.”

The Nomination Committee has commenced a search for a new CFO and a further announcement will be made in due course.