Victoria has announced the appointment of Alec Pratt as its new chief financial officer (CFO).

Pratt will replace Brian Morgan after three years of service as Victoria’s CFO in June.

Victoria, a flooring manufacturer and carpet maker, confirmed that Pratt will first join as an executive director with Morgan remaining in his role as CFO until late June, to ensure a smooth transition.

Pratt, an experienced senior finance leader having spent 16 years in investment banking, will join the company from Deutsche Bank where he was most recently co-head of EMEA financial sponsor M&A.

He commented: “I am pleased to be joining the ambitious team at Victoria as they continue to build a diversified international flooring business. Victoria’s leading brands and differentiated service offering provide a compelling customer proposition that has delivered strong returns through-the-cycle.

“I am excited to be joining the business at this time to drive operating and capital efficiency to provide a strong platform for the company's next phase of growth.”

Victoria chairman, Geoff Wilding, added: “On behalf of the Board and all at Victoria, we are delighted to welcome Alec as our CFO-designate. Alec adds to the strong bench of management talent carefully built at Victoria over the last 12 years.

“He is uniquely qualified to take on this role and his considerable finance and capital markets experience will be extremely beneficial for Victoria’s continued growth and we look forward to updating shareholders on our progress.”

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