Royal Mint appoints two non-executive directors

The Royal Mint has appointed former Net-a-Porter managing director Matthew Woolsey and Lisa Montague, CEO of Sanderson Design Group as non-executive directors.

The Royal Mint has enjoyed success with its consumer-facing divisions with significant growth coming from the US market. It has established divisions which complement its core skills including a bullion division as well as 886, a jewellery and homewares brand. It posted a pre-tax profit of £18m for the year to 31 March 2022.

The business is working on new ways to recover precious metals from electronic waste and is set to open a new factory for this in 2023.

Ann Jessopp, chief executive of The Royal Mint commented: “We are delighted to welcome Matthew and Lisa to the Board. We have ambitious international growth plans as the home of precious metals, building on the success we’ve secured in the last year, and we feel their expertise will help us further accelerate our overseas growth.

“Our vision is to be a leader in sustainable precious metals, and we have a number of initiatives already in motion as we strive towards this ambition, but having the expertise of both Matthew and Lisa supporting us will be invaluable and I look forward to working closely with them moving forwards.”