Marks Electrical Group plc

Chair Succession

Marks Electrical Group plc ("Marks Electrical", "the Company" or "the Group"), the online electrical retailer, announces that Marnie Millard, Chair, has informed the Board of her decision to step down from the Board on 31 December 2025. As part of the Group's ongoing succession planning, the Board is pleased to announce that Darren Bowkett has been appointed Marnie's successor and will assume the role of Chair and join the Board on 2 January 2026.

Marnie joined Marks Electrical as Chair in 2021 as part of the IPO and has been an integral part of the Board, helping support the transition from a successful family-owned business into a publicly traded company. 

Darren Bowkett has worked for Ibstock Group plc for over 40 years and during this time has developed significant operational and practical expertise. Darren is currently Strategic Projects Director at Ibstock Brick and over the last 12 years has had several Director roles in the Ibstock Group including responsibility for running some of its key businesses.

As announced on 12 November in the Company's interim results, the Company confirms that Alyson Fadil has now left the Board. 

Mark Smithson, CEO of Marks Electrical commented:

"Marnie joined the Board in 2021 as part of the IPO and has been an integral part of the team, helping the business to deliver on its strategic plans as we've expanded over recent years.  Marnie has been a great help guiding the Company, the other Directors and me over the last four years. We are all very grateful for her efforts throughout her tenure and wish her well for the future. 

We are excited to welcome Darren with his operational expertise and look forward to welcoming him to the team in the new year."

Marnie Millard, Chair of Marks Electrical commented:

"I have enjoyed working with Mark and the team since the listing on AIM in 2021, supporting the business as we transitioned from a successful family-owned business to a publicly traded company. After over four years in the role, it is now the right time for me to hand over the role to Darren, who will oversee the next phase of the business' progress."

Additional disclosures

As required by Schedule 2(g) of the AIM Rules for Companies, the Company confirms that Darren Bowkett (aged 57) is currently or has been a director of the following companies within the past five years: 

Enquiries:

Marks Electrical Group plc                                                    Via DGA Group:

Mark Smithson (CEO)                                                                            Tel: +44 (0)20 7664 5095

DGA Group (Financial PR)

Jonathon Brill / James Styles                                                                 Tel: +44 (0)20 7664 5095

[email protected]                                                                                                                                                                                                 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger                                                              Tel: +44 (0)20 7523 8000                                                    

About Marks Electrical

Marks Electrical is a technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth approximately £7 billion.

Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 4,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.

For further information, visit the Marks Electrical corporate website: https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/.