Lords Group Trading PLC on Thursday named the successor to its chief financial officer, joining the company in early July.

The London-based building materials distributor said Stuart Kilpatrick will take over as finance chief, replacing Chris Day.

Lords Group said Kilpatrick joins from his role as CFO at managed IT networks provider Systal Technology Solutions Ltd. Prior to this, he was group finance director at marine, oil and gas industry services provider James Fisher & Sons PLC for 11 years.

‘The board is delighted to announce the appointment of Stuart Kilpatrick as CFO. We are pleased to be appointing a CFO with significant AIM market and [mergers and acquisitions] experience, who can be effectively integrated into the business. Working closely with the executive team, we believe he will contribute to the continued success of the company,’ said Non-Executive Chair Gary O’Brien.

‘Chris Day will step down as a director and leave the group shortly after the publication of the group’s [annual] results in May. In the interim period between Chris’ departure and Stuart’s arrival, the group is well supported by its strong, well established finance team who will ensure a smooth transition for the business.’

Shares in Lords Group were up 0.5% to 48.25 pence each in London on Thursday early afternoon.

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