Loungers announced the appointment of Stephen Marshall as Chief Financial Officer ("CFO") and a director of Loungers. Stephen will join the Loungers Board with effect from 23 April 2024. Stephen has extensive experience as a CFO and in all aspects of finance, IT, procurement and project management.

Between July 2021 and November 2023, he was CFO of Pure Electric, a founder-led e-scooter company. Between December 2018 and July 2021, he was CFO of Nisbets. From 2013 to 2018, he held a number of senior roles at Dyson, the global technology brand, including UK Finance Director and interim CFO.

Stephen qualified as a Chartered Accountant with EY in 1995. Gregor Grant, the current CFO, will step down from the Board on 23 April 2024 but will remain with the Company to provide support and to assist with the efficient handover of responsibilities to Stephen until 31 July 2024.