Hornby hires new FD

Nick Stone to bring experience from other sectors to the toy maker.
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Hornby’s board of directors has announced the appointment of Nick Stone as finance director.

He still start work on January 14th while current finance director Andrew Morris will leave Hornby during Q1 of 2013 after an agreed handover period.

Stone was previously the operations and finance director at software and consultancy group KBC Advanced Technologies, where he worked for 11 years. He has also held finance director posts at Accidentcare Group and Lambert Fenchurch Limited.

Frank Martin, Hornby Chief Executive, said: “The Board is delighted that Nick has agreed to join Hornby. We are pleased to have secured someone of his calibre and extensive PLC experience. He brings with him a thorough understanding of working at a strategic level within a number of quoted PLCs, particularly those with international operations. I am confident, as we move forward and the management team focuses on improving Hornby’s financial performance, that Nick has the skills and the fresh perspective to add significant value. We look forward to welcoming him to the company.

“I wish to take the opportunity on behalf of the Board and my colleagues to thank Andrew Morris once again for the hard work and contribution that he has made to Hornby. We wish him all the best for the future.”

In its most recent set of financials Hornby revealed a £0.54 million loss in the six months to September 30th 2012.

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