Headline: Franchise Brands Appoints Peter Molloy as Group CEO

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Headline: Franchise Brands Appoints Peter Molloy as Group CEO

LONDON - Franchise Brands plc has announced the appointment of Peter Molloy as the new Group CEO and Director on the company’s Board. Previously the CEO of the Water and Wastewater Services division, Molloy’s appointment is effective immediately. This move comes as the company experiences significant growth, with annual system sales reaching approximately £400 million following the acquisitions of Filta and Pirtek.

Molloy, who has been with the company since 2017, will manage the daily operations of Franchise Brands' four main divisions and central shared services. This appointment is part of a strategic initiative to enhance corporate governance and leadership structure in line with the company’s ambitious expansion objectives.

Executive Chairman Stephen Hemsley will continue to steer the company’s strategic and corporate developments, focusing on finance and future acquisitions. Hemsley expressed confidence in Molloy’s business acumen and leadership skills, highlighting his key role in the growth of Metro Rod and the successful integration of the Water and Wastewater Services division.

Molloy, celebrating his promotion, emphasized the untapped potential of the company’s primary franchise brands and the importance of accelerating integration efforts. He stressed the goal of capitalizing on the small market share in large and fragmented industries to expand the range of services and geographic reach.

In light of the company’s scale and growth plans, the Board is considering a move from the AIM market to the Official List and Main Market of the London Stock Exchange. This strategic evaluation is still in early stages, and further announcements will be made as deemed appropriate.

Sixty-three-year-old Peter John Molloy brings extensive experience to his new role as Group CEO. The company stated that there are no additional details to disclose under AIM Rules. This leadership transition represents a significant step as Franchise Brands continues its growth trajectory.