Delivery service company Yodel has appointed Stuart Caldwell as its chief financial officer (CFO).
Caldwell will succeed Ben Mitchell, who is taking on a new role with the company as chief strategy and planning officer. Caldwell has spent nearly 30 years working in finance, particularly in the retail and consumer finance space. He joins from online retail group Studio Retail Group, where he was group CFO and spent his earlier career in senior financial roles at Provident Financial bank after qualifying as a chartered accountant with accounting company Arthur Andersen.
The appointment follows Yodel’s busy peak period between November and December 2022, with an overall increase in volumes of 17% compared with the same period in 2021. Mike Hancox, CEO of Yodel, commented, “Yodel has experienced a substantial increase in parcel volumes throughout the last two years, and it has no signs of slowing down with the recent success of our Yodel Direct Service as a result of a spike in consumer-to-consumer parcel volumes. We are continuing to invest heavily in new technology, innovations and colleagues to handle our increased demand. Stuart brings a wealth of experience to the role, while Ben will continue to drive business momentum in his new position as chief strategy and planning officer, reinforcing our commitment to investing in people that will help take the business to the next level.”
Caldwell said, “It is an exciting time to be joining the Yodel team, helping the business maintain the momentum gained in recent years. I am hugely optimistic about Yodel’s future prospects and I look forward to finding new opportunities to build the financial support the organization needs.”