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Finance director steps down from Pittards

Jill Williams, finance director at leather and leather goods producer Pittards, has announced her intention to step down from the role.

Williams joined Pittards 26 years ago and spent eight years in her current role at the company, which produces for Marks & Spencer, New Balance and UK glovemaker Dents.

She will remain in the position until a replacement is found and for a period afterwards to ensure a smooth transition, then will become a non-executive director.

“The board would like to express its appreciation to Jill for her valuable contribution to the group as finance director during the last eight years,” said chief executive Reg Hankey. “This was a pivotal time in the history of Pittards and we are delighted that we are able to retain her experience on the board as a non-executive director as we enter a new strategic phase. The search for her successor is now underway.”

The company sold and leased back its tannery in Yeovil, Somerset, in 2007, but last June it bought the premises back for £3.6m, with £2.1m funding from Lloyds Bank Commercial Banking. It also manufactures in Ethiopia.

In December last year, the company issued its second profit warning in three months, after international growth slowed.

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