Annette Boréna Succeeds Current CFO of Stelrad George Letham

Stelrad (SRAD.L (LSE)) has appointed Annette Boréna as the new Chief Financial Officer. Annette will assume the role starting from November 1, 2023, and will become an Executive Director of the Board on November 22.

Borén most recently served as the CFO for Northern Europe at Hilti, a manufacturer of construction tools. Before that, she held the position of CFO at Doro, a Swedish consumer electronics company listed on the Nasdaq Stockholm.

She will be succeeding George Letham, who is retiring as the Chief Financial Officer and Executive Director of the company. Letham will step down from the board on November 22 following an orderly transition period. He will continue to serve as a strategic advisor to the Chief Executive on a part-time basis for a six-month period.

Bob Ellis, Chair of Stelrad, stated: “Following a rigorous recruitment process supported by an external search firm, I am pleased on behalf of the board to welcome Annette to the business. She brings a wealth of experience, which will enable her to make a significant contribution to the continued growth and success of the group. I would also like to reiterate the board’s appreciation for George’s contribution and commitment during his twenty years at Stelrad and wish him all the very best in his retirement.

Trevor Harvey, Chief Executive at Stelrad, commented: “I am delighted to announce Annette’s appointment as group chief financial officer and to welcome her to our team. Annette is a valuable addition to the business, and I look forward to working with her to continue to build on our market position and deliver our strategy.”

Annette Borén added: “Stelrad is a fantastic business with an unrivaled reputation in the markets where it operates, combined with a strong track record of delivery over many years. I am excited to be joining the business at this stage in its development, with significant opportunity ahead of it, and I am looking forward to working alongside Trevor and the team.”

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