Search for new Hornby Chief Executive underway

Shares of Hornby, best known for its model train sets and Scalextric racing kits, came under pressure after it warned that the retail environment in the UK and Europe remains challenging and as it embarks on its search for a new Chief Executive.

Shares of Hornby, best known for its model train sets and Scalextric racing kits, came under pressure after it warned that the retail environment in the UK and Europe remains challenging and as it embarks on its search for a new Chief Executive.

As previously announced, Frank Martin will retire from his role as Chief Executive at the end of June this year. Martin has presided over a string of profit warnings and a near 40% drop in share price in the last year. Chairman, Roger Canham, will move to an executive role and appoint a new CEO.

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