Luceco plc announced that Matt Webb has informed the Board of his decision to step down as Chief Financial Officer after five years in the role in order to pursue other opportunities. Matt will step down on31 March 2023 and will be succeeded as Chief Financial Officer by Will Hoy, who currently serves as Audit Committee Chair and Non-Executive Director of the Company. Will Hoy will assume an Executive Director position from 1 March 2023 before becoming Chief Financial Officer on 1 April 2023, in order to effect an orderly handover.

Will held a number of senior finance roles in a career with GKN that spanned over 20 years, including three years as Chief Financial Officer of GKN Aerospace and nine years as Head of Corporate Finance in which he oversaw GKN plc's M&A activities. Prior to joining GKN, Will qualified as a Chartered Accountant at KPMG LLP and worked in its Corporate Finance department.