2012 results for Kerry London Group show a return to profit for subsidiary Kerry London Limited with an EBITDA of £0.5m. Sister company Trade Direct Insurance continues to go from strength to strength achieving its most profitable year on record, reporting 14% growth versus 2011. Both Kerry London Ltd and Trade Direct Insurance have enjoyed significant new client wins including McNicholas Construction and Kingfisher Group UK & Ireland, respectively.
Joe Kelliher, founder and Chairman of Kerry London Group, returns to an externally focussed and newly created business role as Lifetime President, announcing a new management model which delivers a cohesive leadership structure across all Group companies. Group wide capabilities, synergies and contacts will be leveraged, driving competitive advantage and providing a spring board for further growth in 2013.
The Kerry London Group board is strengthened by the addition of a panel of Executive Board Directors, responsible for determining the strategic direction of the Group. Mike Coulbert is appointed as Chairman of the board and Imogen Coggan as Group Chief Operating Officer. Mike and Imogen are both Executive Directors of Kerry London Ltd and their appointment to these newly created roles at Group level consolidates the Group board. Senior Non-Executive, Colin Calder is joined by Roger Donegan as Non-Executive Director and together they will oversee the Group’s strong corporate governance practices.
Mike, Imogen and Colin will also be providing board level consistency across Group subsidiaries: Mike as Executive Director and Chairman of both Kerry London Ltd and Trade Direct Insurance; Imogen as Executive Director and Colin as Senior Non-Executive Director to both subsidiaries. Lindsey Visconti, Group HR Director, also joins both subsidiary boards as Executive Director.
Joe Kelliher comments: “I look forward to my renewed external focus in the knowledge that Kerry London Group has regained its competitive edge. We have a strong Board to drive forward organisational growth and a robust executive team implementing our alignment strategy and operational delivery. The recently established Group Operating Committee is focussed on leveraging all elements of the Group from direct, retail and wholesale. The committee is sharing expertise, information and capabilities to deliver a blue print for a truly customer centric and highly efficient operating model. At the same time we are investing in our people with training and mentoring programmes and our IT infrastructure with e-commerce facilities, ensuring that we are bringing innovative thinking and exceptional service to every client and every prospect. We have a powerful team and a winning strategy for 2013.”
