Ashley (Laura) Hldgs PLC Directorate Change (4478K)
14 December 2018 - 3:34AM
UK Regulatory
TIDMALY
RNS Number : 4478K
Ashley (Laura) Hldgs PLC
13 December 2018
13 December 2018
Laura Ashley Holdings plc
Tan Sri Dr Khoo Kay Peng retires from Laura Ashley Holdings
Plc.
Laura Ashley Holdings Plc ("Laura Ashley" or "the Company")
today announces that its Non-Executive Chairman, Tan Sri Dr Khoo
Kay Peng, is retiring and has resigned with immediate effect from
his positions as Chairman and as Director of the Company. He has
been the Chairman of the Company since 1999.
Tan Sri Dr Khoo has also retired as the Executive Chairman of
Malayan United Industries Berhad (MUI), after four decades at its
helm. The MUI Group is a significant shareholder of the
Company.
Mr Andrew Khoo Boo Yeow, Non-Executive Director of the Company
and current Executive Chairman of MUI, has been appointed by the
Laura Ashley Board as their new Non-Executive Chairman, also with
immediate effect.
A prominent Malaysian businessman, Tan Sri Dr Khoo saw the
potential value of the Laura Ashley brand when he invested in the
Company more than two decades ago.
Mr Andrew Khoo said: "Tan Sri Dr Khoo leaves an important legacy
and retires having left Laura Ashley a stronger and much-loved
global brand as a result of his vision. I look up to what he has
achieved, draw inspiration from his remarkable accomplishments and
continue to follow the values he espouses."
Mr Ng, Chief Executive, Laura Ashley, said: "Laura Ashley has
greatly benefited from the leadership of Dr Khoo and we are very
grateful for his significant contribution to the company. We are
pleased to have Andrew Khoo as our new Non-Executive Chairman. He
has been on the Company Board for a number of years and has a
substantial knowledge of the business and a deep affection for the
Laura Ashley brand. His entrepreneurship will be a valuable asset
to the business and we look forward to a strong future under his
Chairmanship".
The Company makes this announcement in accordance with LR 9.6.11
of the Listing Rules.
Enquiries:
KC Ng / Seán Anglim Laura Ashley 020 7880 5100
Anita Scott / Helen Smith Brunswick 020 7404 5959
Rick Thompson / Catherine
Leftley Cantor Fitzgerald Europe 020 7894 7000
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END
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