Parcels and logistics company DX Group has recruited Jonathan Kempster and Michael Russell to the board as non-executive directors, with immediate effect.
Kempster has been appointed as chair of the audit and risk committee and Russell has taken on the role of chair of the remuneration committee. Kempster brings over 30 years’ senior financial and commercial experience, which includes the role of group finance director of Wincanton.
Most recently, Kempster was finance director of retail giant Frasers Group, which he took on after leaving his role as group finance director of Wincanton in 2012.
He is currently holds a number of non-executive director roles at Redcentric, the IT managed services provider, Ted Baker, the fashion retailer, Bonhill Group, the B2B media business, Fireangel Safety Technology, the home safety products group, and Serinus Energy, the international oil and gas company. He is also a Trustee of the Delta plc pension plan.
Russell also brings experience of the logistics industry, having been a non-executive director of Clipper Group, for almost 10 years. During this time, he was chair of the audit and risk committee and the remuneration committee and a member of the nomination committee.
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Over the past 35 years Russell has also garnered extensive experience in leadership and financial roles with major companies, including as CEO of Prize Food Group, the food production group, group finance director of Nurdin and Peacock, the food wholesaler, and finance director of Asda Stores.
Ron Series, Chairman of DX (Group), said, “I am very pleased to welcome Jon and Mike to the board as independent non-executive directors. They bring many years of C-Suite experience at both a financial and commercial level and both have significant experience of the logistics industry. We look forward to working with them.”
The high profile appointments follow DX Group’s recent trading update which revealed turnover was expected to be £425m for the financial year, much of which was attributed toits DX Express division, where revenue grew by 7%.
However, DX is not yet out of the woods and has yet to publish its 2021 accounts. Its failure to do so led to its shares being temporarily suspended on the trading platform AIM in January.
DX has hired auditor PKF Littlejohn following the resignation of Grant Thornton and in its latest update, the company said management expected this audit to be completed by the end of September.