TIDMBOO

RNS Number : 5301A

boohoo group plc

23 January 2024

 
   23 January 2024

boohoo group plc

("boohoo" or the "Group")

Directorate Change: Appointment of CFO

boohoo (AIM: BOO), a leading online fashion retailer, announces the appointment of Stephen Morana to the Board as Chief Financial Officer, commencing on 19 February 2024.

Stephen is widely recognised for his e-commerce expertise and he has significant experience in a range of businesses. He spent a significant part of his executive career as CFO of two founder-led, digitally disruptive businesses, Betfair and Zoopla, both of which he led through IPO and helped to create significant shareholder value. Stephen has also been a Non-Executive director at Entain, the FTSE100 group, and here at boohoo (2014 -2017). He has also been a venture partner at Octopus Ventures. His most recent executive position was at Cazoo plc. He is a qualified chartered accountant and a member of the INSEAD alumni.

Mahmud Kamani, Group Executive Chairman, commented:

"Stephen is a highly regarded finance director who is well known to boohoo, having previously served on our Board in a Non-Executive capacity for four years. He supported us through the IPO process and in our early years as a PLC. While the business has grown significantly since then, Stephen has a wealth of experience with global digital businesses and is therefore very well placed to support the strategy in pursuit of our growth ambitions."

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.

Stephen Gavin Morana (aged 52) holds or has held the following directorships or partnerships in the past five years:

 
 Current Directorships or Partnerships   Previous Directorships or Partnerships 
 Smart Pension Limited                   Entain plc 
 Lampada Consultants Limited             Open Data Institute 
 Atticus Property Developments           Bigblu Broadband PLC 
  plc 
                                         KM Capital Limited 
                                         Cazoo Holdings Ltd 
                                         Cazoo Ltd 
                                         Imperial Cars of Swanwick Limited 
                                         Cazoo Properties Limited 
                                         Cazoo Subscription Services 
                                          Limited 
                                         Imperial Car Supermarkets Ltd 
                                         Cazoo Group Ltd 
                                         Carsa Holdings Ltd 
                                         Carsaz Limited 
                                         Capri Listco Limited 
                                         Fantastic Cars Limited

Stephen holds 129,097 shares in boohoo.

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.

 
 Enquiries 
 
 boohoo group plc 
 Pete Templeton, Group Finance Director      Tel: +44 (0)161 233 2050 
 Mike Cooper, Head of Investor Relations     Tel: +44 (0)161 233 2050 
  & Corporate Development 
 Mark Mochalski, Investor Relations          Tel: +44 (0)20 3239 6289 
 
 
 Zeus - Nominated adviser and joint broker 
 Andrew Jones / James Edis / Dan Bate        Tel: +44 (0)161 831 1512 
 Benjamin Robertson                          Tel: +44 (0)20 3829 5000 
 
 
 Jefferies - Joint broker 
 Ed Matthews / Harry Le May                  Tel: +44 (0)20 7029 8000 
 
 
 HSBC - Joint broker 
 Adam Miller / James Hopton                  Tel: +44 (0)20 7029 8000 
 
 Buchanan - Financial PR adviser             boohoo@buchanan.uk.com 
 Richard Oldworth / Toto Berger / Verity     Tel: +44 (0)20 7466 5000 
  Parker

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2023, the boohoo group had 17 million active customers across all its brands around the world.

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January 23, 2024 02:01 ET (07:01 GMT)

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