Next 15 Group Announces Leadership Changes as COO Steps Down
Next 15 Group plc has announced significant changes in its leadership. Jonathan Peachey, the Chief Operating Officer, will step down at the end of October. Meanwhile, the company's long-serving boss, Tim Dyson, retired in June, with Sam Knights taking over as the new CEO.
Peachey joined Next 15 in 2018 and quickly rose to become COO the following year. During his tenure, he played a crucial role in the group's growth, leading acquisitions and supporting its simplification process. However, his departure comes amidst the shutdown of Next 15's Silicon Valley venturing arm, Mach49, due to 'serious potential misconduct' within the subsidiary.
Peachey will remain with the business until January 2026 as a senior advisor to ensure a smooth handover of responsibilities. His successor as COO has not been announced yet. Meanwhile, Sam Knights, appointed in June 2025, will continue as the CEO. Next 15's share price currently stands at 300p with a market cap of £289.65m.
The changes in leadership at Next 15 Group plc come as the company navigates the closure of its Mach49 subsidiary. Jonathan Peachey's departure as COO and Tim Dyson's retirement mark the end of an era, with Sam Knights now at the helm. The company's share price and market capitalisation remain stable amidst these changes.
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