LONDON, UK: Franchise Brands plc, an international multi-brand franchise business, has announced the appointment of Mark Fryer as its new Chief Financial Officer (CFO), effective from 2 August 2023.

Mark Fryer is a seasoned CFO with 25 years of experience in public and private equity companies, spanning various sectors such as waste, business services, industrial services, franchising, manufacturing and electronics.

He has previously served as Group CFO of Augean plc, Dialight plc and Manganese Bronze Holdings plc, among others, and has a track record of delivering M&A, operational and business improvement in complex international environments.

He is a chartered accountant and started his career with EY.

Mark Fryer will replace Andrew Mallows, who has been acting as Interim CFO since November 2022 and will resume his role as Group Commercial Director.

Stephen Hemsley, Executive Chairman of Franchise Brands, said: “We are pleased to welcome Mark to the Group.  His extensive experience in senior finance positions within listed, international and business services companies will be invaluable as we continue to drive the Group’s growth across ten countries following the acquisitions of Pirtek and Filta.  I would also like to thank Andrew Mallows for his tremendous contribution as interim CFO.”

Mark Fryer said: “I am delighted to be joining such an ambitious business at an exciting time in its development, following the recent acquisitions.  I look forward to working with Stephen and the team to build on the Group’s expanded platform of market-leading franchise businesses and driving shareholder value over the coming years.”

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