Franchise Brands PLC (AIM:FRAN) said Andrew Mallows, who was appointed as the company’s interim chief financial officer in July, is joining the company’s board as a director.
Mallows first joined Franchise Brands in 2016 as finance director and was the commercial director of international multi-brand franchise company from 2017 before being named interim CFO on 26 July this year.
He has significant experience in franchising and business development and was finance director of Domino's Pizza UK from 2001 to 2004 before being appointed business development director, the company noted.
"I am delighted Andrew is joining the board as interim chief financial officer,” commented Franchise Brands executive chairmn Stephen Hemsley.
“He has been a key part of the Franchise Brands team for a number of years, driving the commercial, operational and strategic focus of the group. His extensive knowledge of the business and strong relationships with the team will be invaluable at this time".
Mallows added : "I am pleased to be joining the Franchise Brands board. I look forward to working with the team to continue to capitalise on the opportunities the recent transformational acquisition of Filta presents and drive growth across our business in the UK, North America and Europe."
The company also said it has approved the grant to Mallows of 120,000 unapproved share options with an exercise price of 151.5p per share.
The options are exercisable from 30 September 2025 to 29 September 2032 subject to a number of performance criteria being met.