Midwich group FD steps down, replacement announced

Midwich group FD steps down, replacement announced
Distributor Midwich has appointed Stephen Lamb as group finance director to replace the outgoing Anthony “Tony” Bailey.

Bailey will step down from his role as group finance director as well as from the board of Midwich on June 30, 2018.

He requested that the role of group finance director be considered as part of the company’s succession process. Bailey had helped to steer the company through its successful IPO in 2016 and says he now wishes to focus on other interests. 

Bailey will be replaced by Lamb, a qualified chartered accountant and currently the senior vice president and chief financial officer of the international division of Iron Mountain, a US-listed global business focused on storing, protecting and managing information and assets. As part of this role he has led an international finance team, developed back office systems and processes and overseen a number of international acquisitions. Stephen has also held previous finance roles at Regus and Experian.

Stephen Fenby, managing director of Midwich Group, said: “On behalf of the board, I would like to take this opportunity to thank Tony for the contribution he has made to Midwich’s success over the last six years. Tony helped prepare the group for its IPO in 2016 and its subsequent establishment as a public company. It has been a pleasure to work alongside Tony and I wish him well for the future.

“I am delighted that Stephen has agreed to join the group and I am confident that his recent experience with growing and managing international businesses will be of great benefit to Midwich as we continue to expand our footprint across the globe.”