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Hoover has appointed David Matthews as its new Business Director for its SDA product offering. A fl oorcare industry stalwart, Mr Matthews has worked in senior managerial positions for both Gtech and Shark, having previously been VP for sales during the time that Shark launched its fi rst vacuum range to the UK market. His remit is to grow Hoover’s


fl oorcare offering through new product development, with a particular focus on cordless and smart models. He will also oversee market opportunities for further growth of the Hoover brand. Speaking of his appointment, Mr Matthews commented: “Hoover is a trusted and iconic brand across the world, with a fantastic heritage in the UK. As such, retailers and customers expect a lot from us, and so they should, which means that we need to deliver time and time again. “In the new role, it is my

responsibility to drive forward the fl oorcare categories and bring to

market products which delight and add value to the user. I’m looking forward to delivering ambitious yet achievable growth plans that will align with the Group’s business objectives.”

Groupe SEB has announced that Will Yates is taking over as the new Managing Director of its UK and Ireland business from 1 September 2019.

It was only in June this year that the company announced Mr Yates as Commercial Director. He joined Groupe SEB in January 2016 as Sales Director. During his tenure the business has strengthened further through key initiatives and product launches resulting in strong sales growth.

He will succeed Richard Joaristi, who is moving to take up a new role within Groupe SEB as VP South East Asia.

Commenting on his new role,

Mr Yates said: “This is a fantastic opportunity in a amazing business, with great people, to further build on

David Matthews, Business Director, SDA

Gerhard Dambach, CFO, BSH Hausgeräte

the successes we have seen over recent years. We will continue to deliver market-leading innovation, category driving initiatives and best in class execution to further establish our leadership positions.”

Gerhard Dambach has become the new CFO and Labor Relations Director of BSH Hausgeräte, as well as the Board of Management member responsible for fi nance and the North America region. Mr Dambach has worked for the Bosch Group since 1993, holding various positions, including managerial positions, in fi nance and controlling. He was most recently the CEO of the Italian Bosch subsidiary with responsibility for the Italy and

Will Yates, Managing Director, Group SEB

Greece regions. He is also the current President of the German-Italian Chamber of Commerce.

New BSH CEO, Uwe Raschke, said: “Gerhard Dambach is a successful manager and seasoned businessman with many years of international experience and great expertise in commercial business management. I am very much looking forward to working with him on the Board of Management.”

Mr Dambach commented: “Being appointed to the Board of Management of BSH is both a challenge and a motivation for me. I am very much looking forward to the exciting task of helping to guide the destiny of this extraordinary company in a market that is undergoing radical changes.”

Drop in UK Consumer Confi dence this month

Consumer confi dence has waned in face of pre-Brexit nerves, according to GfK’s long-running Consumer Confi dence Index, which decreased to -14 in August. Joe Staton, Client Strategy Director at GfK, said: “Until Brexit leaves

Sevenoaks Sound and Vision to open new store

Sevenoaks Sound and Vision

has announced plans for a new store opening in Manchester in November. The retail chain has secured an outlet that belonged to SuperFi until the business recently fell into administration.

This new 1,500sq ft store with demonstration facilities follows the recent renovation and reopening of Sevenoaks’s Chelsea store in May.

“The space will benefi t from our new, blueprint Sevenoaks store design, with profi les from our key partners and suppliers,” said Rob Lawley, Sevenoaks Sound and Vision, Managing Director. “The opening of this new store continues our plan to expand our unique, specialist retail model, at a time when consumers are demanding a better retail experience and Sevenoaks is

perfectly placed to demand.” satisfy this

the front pages – whenever that will be – consumers can be forgiven for feeling nervous not just about the wider economy but also about their fi nancial situation. That’s an important distinction because a signifi cant development in August is the sudden drop in views on personal fi nances ‘over the next 12 months’ after the encouraging jump in this measure last month.

“For a long time, the downward momentum in the Overall Index

Score has been associated with our views on economy. But reduced confi dence is now affecting how we see our personal fi nances. “If there is a continuation of that dip in our feelings about our ‘future wallets’, we’d quickly see a headline score (the average of our fi ve sub- measures) crash to a level that approaches the worrying fi gures seen in the worst days of the 2008/2009 fi nancial crisis. We are not there yet, and we may not necessarily get there, but it’s a trend we need to watch carefully.”

September 2019

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