Franchise Brands has announced the appointments of a new chief financial officer (CFO) and group finance director.

Andrew Mallows has been appointed as CFO, having worked as interim CFO for the last six months. In his eight years at the firm, he has also served as commercial director.

Beth Peace has also been appointed to the newly created role of group finance director.

She has worked at Franchise Brands, which owns brands including Azura and Pirtek, since 2019 and has been promoted from the position of finance director in the water and waste services division.

The appointments come after the firm appointed Peter Molloy as its new chief executive officer (CEO) and Mark Boxall as chief operating officer (COO) in 2024.

Mallows said: "Since joining the Group eight years ago, I have been both CFO and commercial director. I now look forward to combining those two roles as CFO in the new structure that supports Molloy as CEO and working with Boxall as COO in executing the One Franchise Brands strategy.

"I am very pleased that we are continuing to develop talent from within the group with the appointment of Peace as group finance director and look forward to working closely with her in her new role."

Executive chairman at Franchise Brands, Stephen Hemsley, added: "I am delighted that Mallows has accepted the role of CFO on a permanent basis and with Peace's appointment as group finance director. Mallows and Peace are a proven team who have worked with Molloy for many years and supported each other through periods of rapid growth and the more challenging COVID years.

"I am, therefore, confident that they will provide the group with excellent financial leadership and that, in combination with Molloy and Boxall, we have a strong team to execute our near-term strategy of integrating the group into one business to enhance sales, increase operational efficiency and reduce debt."

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