Caroline York takes over from Marc Dench
Born-in-Leicester British brand Joules has appointed a new chief financial officer (CFO) following a thorough search process.
Caroline York will commence the role with Joules no later than September this year and joins from Moneysupermarket Group Plc, the FTSE250 price comparison business, where she is currently Finance Director.
Prior to Moneysupermarket, Caroline held finance leadership positions at Heathrow & BAA and, before that, held roles at Atos KPMG and PwC.
Marc Dench, the Joules Group’s outgoing chief financial officer will step down from his position on May 11. Following this date, he will remain available to the group in a consultancy capacity to ensure a smooth transition of responsibilities to Caroline.
Caroline York, incoming CFO of Joules, commented: “Joules is a brand I have long admired and I am delighted to be joining as the group’s new CFO.
"The business has a very exciting future with significant opportunities to expand the brand and continue to develop its first-class digital proposition. I am looking forward to joining the team and helping the business to continue create value for all stakeholders.”
In the period between Marc standing down from the board and Caroline joining, the group will appoint Jon Dargie, currently the group’s finance controller, as interim CFO. During this period, Jon will report directly into the Joules Board.
Ian Filby, Non-Executive Chairman of Joules, added: “Caroline’s extensive experience in senior finance roles at strong consumer brands and digital-led businesses made her the stand-out candidate for the role.
"I would like to reiterate our thanks to Marc for his significant contribution to Joules during his time with the Group and his commitment to ensure a smooth transition of responsibilities."
Nick Jones, Chief Executive Officer of Joules, said: “We are delighted that Caroline is going to be our next CFO and I am looking forward to working closely with her to deliver the next chapter of Joules’ long-term growth and development.
"I have no doubt that Caroline’s extensive understanding of digital and brand-led businesses will be of great value to Joules moving forward.”