BusinessCompany NewsSafestore FD to leave after a decade in the role

Safestore FD to leave after a decade in the role

Richard Hodsden to step down in the summer, with Worldpay FD Andy Jones taking the reins

RICHARD HODSDEN is to step down after a decade as FD of Safestore Holdings.

Hodsden will remain with the self-storage operator until July. During this period, he will hand over to incoming CFO Andy Jones.

Currently director of group finance at Worldpay, Jones will bring experience of other big business operations as a former director of finance and investor relations at TUI Travel, and as North America CFO for Virgin Entertainment.

Safestore chairman Richard Grainger said: “The board would like to express its sincere gratitude to Richard for his valuable contribution to the success and development of the company, including its successful listing and subsequent growth. We wish Richard the very best in his future endeavours.

“The board welcomes Andy Jones, whose experience will add a further fresh perspective to Safestore, build on Richard’s significant contribution, and develop the business further.”

Safestore operates out of 135 stores and employs about 550 people. It has 5.24 million square feet of lettable space, of which 3.29 million is currently occupied.

Its share price climbed 3.75p in this morning’s trading, to 121.75p – valuing the company at £228.8m by market cap.

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