boohoo group plc Board Changes (9279B)
26 September 2018 - 4:01PM
UK Regulatory
TIDMBOO
RNS Number : 9279B
boohoo group plc
26 September 2018
For Immediate Release 26 September 2018
boohoo group plc
("boohoo" or the "Company" and together with its subsidiaries
the "Group" or "the boohoo group")
Board Changes
boohoo group plc announces that David Forbes has advised the
Board of his intention to step down as a non-executive director of
the Company with effect from 26 October 2018.
David is currently the Company's Senior Independent Director and
chairs the Audit Committee. The Board will commence a search
process for a replacement imminently. On David's departure, Sara
Murray, non-executive director, will step into the role of Senior
Independent Director.
Further announcements will be made on appointment of the
successful candidate.
Peter Williams, non-executive Chairman of boohoo group,
said:
"On behalf of the Board, I'd like to thank David for his
significant contribution to boohoo. David's counsel as Senior
Independent Director during the period following the Company
becoming public has been invaluable. The board has benefitted from
his considerable corporate and governance experience during this
time."
Mahmud Kamani and Carol Kane, Joint Chief Executives of boohoo
group, said:
"We would like to take this opportunity to extend our sincere
thanks to David for his service to boohoo over the past four years.
On behalf of everyone at boohoo we wish him all the best for the
future."
Enquiries
boohoo group plc
Neil Catto, Chief Financial Officer Tel: +44 (0)161 233 2050
Alistair Davies, Investor Relations Tel: +44 (0)161 233 2050
Clara Melia, Investor Relations Tel: +44 (0)20 3289 5520
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles/Andrew Jones (Corporate Tel: +44 (0)161 831 1512
Finance)
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20 3829 5000
Broking)
Jefferies Hoare Govett - Joint broker
Nick Adams/Max Jones Tel: +44 (0)20 7029 8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth/ Sophie Wills/ Maddie Tel: +44 (0)20 7466 5000
Seacombe/
Gemma Mostyn-Owen
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, the group started life as
boohoo.com, an inclusive and innovative brand targeting young,
value-orientated customers. For over 10 years, boohoo has been
pushing boundaries to bring its customers up-to-date and
inspirational fashion, 24/7. boohoo has grown rapidly in the UK and
internationally, expanding its offering with range extensions into
menswear through boohooMAN.
In early 2017 the group extended its customer offering through
the acquisitions of the vibrant fashion brand PrettyLittleThing,
and free-thinking brand Nasty Gal. United by a shared customer
value proposition, our brands design, source, market and sell great
quality clothes, shoes and accessories at unbeatable prices. This
investment proposition has helped us grow from a single brand, into
a major multi-brand online retailer, leading the fashion eCommerce
market for 16 to 30-year-olds around the world. Today the boohoo
group sells to over 9.8 million customer accounts across all its
brands in almost every country in the world.
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END
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