Franchise Brands plc announces that Mark Fryer, who joined the Group on 2 August 2023, is stepping down from his role as a director of the Company with immediate effect. The Company's search for a permanent Chief Financial Officer will commence shortly and the Company will update the market in due course. Andrew Mallows has been appointed as a Director of the Company with immediate effect.

Andrew originally joined Franchise Brands in 2016 as Finance Director, and since 2017, has been the Group's Commercial Director over which time he has made a significant contribution to the development of the business. He served as Interim Chief Financial Officer of the Group between 26 July 2022 and 2 August 2023. Andrew was Finance Director of Domino's Pizza UK & IRL plc from 2001 to 2004 before being appointed as its Business Development Director.

The Company announced that Mark Boxall has been appointed as Chief Operating Officer, a newly created position on the Group's Management Board. Mark was Chief Operating Officer at D4t4 Solutions plc (now Celebrus Technologies plc), a software and data platform provider, between 2015 and 2022, with responsibility for business operations in the UK and internationally. Mark has proven experience in operations, strategy implementation, acquisition integration, business development, financial planning and analysis, systems, business process engineering and programme management across a wide range of sectors.

Prior to joining D4t4 Solutions plc, he held a senior sales role at EMC Computer Systems Ltd. and was Managing Director of a corporate finance boutique. Between 2003 and 2010, he was Chief Operating Officer of Chapter 26 Ltd, a specialist solution provider that he co-founded and sold to D4t4 Solutions plc. Mark will join the Group's Management Board but is not being appointed as a Director of the Company.

Andrew John Mallows, aged 54, is currently serving as a director of several companies. His directorships include Azura Business Solutions Limited, Azura Design Studio Limited, Azura Group Ltd, Barking Mad Limited, ChipsAway International Ltd, DentsAway Limited, Edwin Investments Limited, Environmental Biotech Limited, FB Holdings Limited, Filta Group Holdings Limited, Filta Refrigeration Limited, FiltaFry Limited, Franchise Brands plc (from 30 September 2022 to 2 August 2023, reappointed on 19 June 2024), Grease Management Limited, Hydraulic Authority I Limited (from 21 April 2023 to 27 September 2023, reappointed on 19 June 2024), Hydraulic Authority II Limited (from 21 April 2023 to 27 September 2023, reappointed on 19 June 2024), Hydraulic Authority III Limited (from 21 April 2023 to 27 September 2023, reappointed on 19 June 2024), Kemac Services Limited, M & M Asset Maintenance Limited, Metro Plumb Limited, Metro Rod Limited, MRB Drainage Limited, MRE Drainage Limited, Oven Clean (Ontario) Limited, Oven Clean Domestic Limited, Pirtek Europe Limited, The Filta Group Limited, The Handyman Van Limited, Watbio Holdings Limited, Watbio Limited, Watling Hope (Installations) Limited, Willow Drainage Limited, Willow Pumps Limited, and WPL Group Holdings Limited. Apart from these roles, he has not held any other directorships or partnerships in the past five years.