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Construction Materials Online appoints new Chief Financial Officer

CMO, leading UK online building materials retailer has appointed a new finance chief.

In the latest key appointment for the company, Sue Packer joins the business from RS Connect Group.

Sue took up the post as interim CFO in July and her official appointment was announced this month. Prior to her previous role, she spent five years as Finance and Operations Director (UK) for Vodafone Automotive.

Chief Executive Officer at CMO, Andy Dunkley, said: “We are delighted Sue is joining our management board to take on the leadership of our finance team. She brings with her a wealth of experience and has a strong track record to help us deliver our future growth plans.”

Sue said: “I’m very happy to join this high-performance business and look forward to the next 12 months.”

CMO saw growth of almost 50% and achieved revenues of £27m in 2017 as e-commerce continues to win business in the sector, gaining market share from traditional builders’ merchants.

In October, CMO added doors to its range of specialist online stores which already supplies roofing, drainage and insulation. Its flagship store Roofing Superstore, a trailblazer in the industry, will celebrate its tenth anniversary in 2019.

Mike Fell, partner at KCP who joined the board at CMO following the private equity firm’s investment, adds: “CMO is a savvy, online ‘disruptor’ and is really shaking up the market. It has an extremely bright future ahead having pioneered e-commerce in the construction sector and succeeded in establishing a trusted brand in a growing market.”

Posted in All , Portfolio on Nov 13, 2018