CEO's Q&A

The journey continues

In 2006 Premier Farnell began a journey to transform the business based on a clear and consistent strategy for profitable growth – a strategy that comes to life throughout this report.

As the Group concludes the second year of its three year transformation plan, the results continue to show real progress as suppliers, customers and employees respond positively to the enhanced proposition. Rigorous implementation of the strategy has continued throughout the past year and plans have been accelerated to respond to the market conditions and further drive the pace of the transformation. The strategy has proven resilient even in tougher market conditions, and has seen the Group outperform industry performance indicators. Through the positive, yet consistent action of driving the same strategy, at pace, Premier Farnell continues to see growth opportunity. Innovation in all aspects of the business continues to be a constant theme, much in evidence.

Harriet Green, CEO of Premier Farnell, and the architect and driver of the strategic plan talks here about a year of transformation and updates “the story so far”.