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Senior board appointments at CMOStores.com

CMOStores.com has announced two changes to its senior board, with Sue Packer appointed as Managing Director of the online construction products merchant. Dean Murray has also been appointed as Executive Chairman at the Plymouth-based e-commerce company, which recently announced impressive results for the first half of 2020.

Sue Packer becomes one of just a handful of female Managing Directors within the building merchant industry; an important step in a sector that has long signalled its intention to increase diversity. Sue previously served as CMOStores.com’s Chief Financial Officer for two years, after joining the company from RS Connect Group. Sue has held a number of CFO roles, including five years with Vodafone Automotive UK.

Dean Murray joined CMOStores.com as Chairman in 2017 after the company secured investment from Key Capital Partners (KCP). He had previously held the role of Chairman at Gear4Music, another KCP-backed enterprise, where he was instrumental in growing sales from £10 million to £55 million within the four years of his tenure.

The appointments underline CMOStores.com’s commitment to continuous growth and improvement. By consolidating its senior team, the company is setting a firm foundation for its future success – and with 2020 already proving to be a bumper year for sales across all six e-commerce ‘superstores’, the company is expecting to close the year with increased revenue and profits across the group.

Commenting on her new role, Sue Packer said: “When I first joined CMOStores.com two years ago, I was excited to be joining a high-performing business. Now, moving into a new role, I’m not only proud of what we have achieved in those two years, but hugely looking forward to continued growth and innovation as we look to realise our long-term strategic ambitions.

“We have a talented team of people who are always looking for new ways to offer our customers the products they need, at the right price, exactly when they need them, and I feel privileged to be leading the company at this time.”

Dean Murray added: “CMOStores.com has grown in scale and stature in the time that I have worked with the company, and I am very pleased to be taking on this new position and continuing to guide the company to even greater growth and prominence within the industry.

“As more people turn to digital retail platforms, partly thanks to an ongoing shift in consumer behaviour, but certainly compounded by global events this year, there is an enormous opportunity for CMOStores.com to consolidate our position within the building products market, and I’m confident that we can continue to increase our market share in 2021 and beyond.”

Posted in All, Portfolio on Oct 23, 2020