// Angling Direct welcomes Steven Crowe to the board as CFO
// Crowe will join office on January 2
// Ian Hunter will step down as interim finance director on January 31
Angling Direct has appointed Steven Crowe as chief financial officer after interim finance director Ian Hunter announced his departure.
Crowe will join office on January 2, while Hunter is due to step down on January 31 to set up his own consultancy firm that will support Angling Direct in future projects.
“The board would like to thank Ian for his significant contribution to the group, helping it through its IPO and establishing the company on AIM,” Angling Direct chief executive Darren Bailey said.
READ MORE: Angling Direct half-year sales smash £26m
Crowe said: “The prospect of working with the market leading fishing retailer is exciting and I am very much looking forward to working with Darren and the team to deliver the business growth strategies.”
Crowe joins Angling Direct at a fortunate period as earlier this month, the fishing equipment retailer reported a rise in interim sales and profits and now expects to meet its full-year expectations.
In the period to July 31, the fishing retailer saw a 15.7 per cent rise in adjusted EBITDA to £1.25 million on sales up 21 per cent to £26.5 million.
In-store revenue was up 41.1 per cent to £14 million, when UK online sales rose 16.8 per cent to £9.2 million and in Europe advanced 29 per cent to £2.7 million.