Science in Sport PLC Appointment of Non Exec Chairman (9067N)
28 September 2023 - 8:00AM
UK Regulatory
TIDMSIS
RNS Number : 9067N
Science in Sport PLC
28 September 2023
28 September 2023
AIM: SIS
SCIENCE IN SPORT PLC
("Group" or "Company")
Appointment of Non-Executive Chairman
Science in Sport plc (AIM: SIS), the premium performance
nutrition company serving elite athletes, sports enthusiasts, and
the active lifestyle community, is pleased to announce the proposed
appointment of Dan Wright as Non-Executive Chairman, subject to the
satisfactory completion of due diligence by the Company's Nominated
Adviser, Liberum Capital Limited.
Dan has been the Executive Chairman of Accrol Group Holdings Plc
since early 2018 and has helped deliver a significant turnaround in
that business.
He is the Non-Executive Chairman of UInsure Limited and
Manchester & London Investment Trust plc.
He was previously the Chief Operating Officer, Head of Portfolio
and a Founder Partner at NorthEdge Capital, a mid-market private
equity house focused on Management Buyouts and Growth investments
with c.GBP800m under management. He was also Executive Chairman of
Vision Support Services Group Limited, a private company that he
founded and grew to become Europe's leading distributor of textiles
to the hospitality sector before its sale to Westpoint Inc., a
subsidiary of Icahn Enterprises.
He has also worked at Cable Partners LLC, Deutsche Morgan
Grenfell Private Equity and The Royal Bank of Scotland. He
qualified as a Chartered Accountant with Arthur Andersen in 1996
and secured an IDP-C from INSEAD in 2017.
Dan Wright commented: "I am delighted to be joining SiS at this
pivotal time for the business. The investment in the manufacturing
facility and associated product development has put the business in
a position to leverage the deep expertise of its people and the
power of its brands into profitable growth."
A further announcement will be made in due course.
Ends
Science in Sport plc T: 020 7400 3700
Stephen Moon, CEO
Dan Lampard, CFO
Liberum (Nominated adviser and T: 020 3100 2000
broker)
Richard Lindley
About Science in Sport plc
www.sisplc.com
Headquartered in London, Science in Sport plc is a leading
sports nutrition business that develops, manufactures, and markets
innovative nutrition products for professional athletes, sports and
fitness enthusiasts and the active lifestyle community. The Company
has two highly regarded brands, PhD Nutrition, a premium
active-nutrition brand targeting the active lifestyle community,
and SiS, a leading endurance nutrition brand among elite athletes
and professional sports teams.
The two brands sell through the Company's phd.com and
scienceinsport.com digital platforms, third-party online sites,
including Amazon and Tmall, and extensive retail distribution in
the UK and internationally, including major supermarkets, high
street chains and specialist sports retailers. This omnichannel
footprint enables the Company to address the full breadth of the
sports nutrition market, sports nutrition market worth $24.6bn in
2022 and forecast to grow CAGR 5.9% from 2022 to 2027.(1)
PhD is one of the UK's leading active nutrition brands with a
reputation for high quality and product innovation. The brand has
grown rapidly since its launch in 2005. The range now comprises
powders, bars, and supplements, including the high protein, low
sugar range, PhD Smart. PhD brand ambassadors include leading
endurance and strength athlete Ross Edgley and influencer Gabby
Allen.
SiS, a leading endurance nutrition business founded in 1992, has
a core range comprising gels, powders and bars
focused on energy, hydration, and recovery. SiS is an official
endurance nutrition supplier to over 320 professional teams,
organisations, and national teams worldwide. SiS supplies more than
150 professional football clubs in the UK, Europe, and the USA.
SiS is Performance Solutions partner to Ineos Grenadiers cycling
team, Tottenham Hotspur and CGC Nice football, and Official
Nutrition Partner to the Milwaukee Bucks, 2021 National Basketball
Association Champions.
For further information, please visit phd.com and
scienceinsport.com
(1) Euromonitor Passport Database Global Assessment (October
2022)
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