TIDMBOO
RNS Number : 8767P
boohoo group plc
23 June 2022
23 June 2022
boohoo group plc
("boohoo" or the "Group")
Board Changes
boohoo (AIM: BOO), a leading online fashion group, today
announces the appointment of Shaun McCabe as Chief Financial
Officer ("CFO"). Shaun will succeed Neil Catto whose role will
transition to an Executive Director, remaining on the Group Board,
with responsibility for strategic projects. Shaun is expected to
take up his new role later this year. Neil will remain as CFO until
then to ensure an orderly handover, after which Neil will take up
his new position within the Group.
Shaun joined the Group's Board as a Non-Executive Director in
2020 and is the current Chair of the Audit and Risk Committees as
well as sitting on the Remuneration, ESG and Nomination Committees.
Following his new appointment, Brian Small will replace Shaun as
Chair of the Audit Committee, with Tim Morris taking on the
responsibility of chairing the Risk Committee. boohoo will commence
a process to replace Shaun and recruit one further Non-Executive
Director.
Shaun joins from Trainline plc, where he has been key to growing
the Company's operational and digital footprint as CFO. Shaun has
extensive digital and retail experience, having previously been the
International Director at Asos plc, as well as CFO for Amazon
Europe.
Mahmud Kamani, Group Executive Chairman commented:
"Neil has been key to the Group's success since it listed and I
would like to take this opportunity to extend my gratitude, and
that of the Board, for his contribution to the business. During his
tenure as CFO boohoo has grown significantly, we now have 20
million active customers and 13 different fashion destinations. We
are delighted that he will continue to support the senior
management team as an Executive Director and in his role overseeing
strategic projects.
"Equally, it has been a great pleasure to work with Shaun over
the last two years and we are delighted to have him onboard in his
new capacity later this year. His digital and sector experience at
Trainline, Asos and Amazon will be key to driving the Group's next
stage of growth."
Neil Catto, current Chief Financial Officer commented:
"It has been a privilege to have guided boohoo in my role as
CFO, throughout which the Group has seen tremendous growth. When I
joined, boohoo's revenue was GBP20m compared to almost GBP2bn
today. In this period, the Group has transformed from a small,
disruptive UK fashion brand to a stable of international brands
with global recognition. I look forward to transitioning to my
position as an Executive Director and continuing to work with the
Group on strategic projects. I would like to join Mahmud and the
Board in welcoming Shaun in his new role."
Shaun McCabe, Chief Financial Officer designate commented:
"I know the senior management team and the Group well after
serving on the Board. Neil has built a solid foundation for the
Group and I look forward to helping the management team execute
boohoo's growth strategy as CFO."
The following information is disclosed pursuant to Schedule 2(g)
of the AIM Rules for Companies.
As at 22 June 2022 Shaun Stephen McCabe (aged 53) held
beneficially 113,482 ordinary shares in the capital of the Company.
He has held the following directorships and partnerships in the
last five years:
Current Directorships or Partnerships Previous Directorships or Partnerships
Trainline PLC Victoria Manager SARL
---------------------------------------
Trainline Holdco Ltd Victoria Intermediate Topco
Ltd
---------------------------------------
Trainline.com Ltd Victoria Investments Newco Ltd
---------------------------------------
Railguard Ltd Trainline Investments Holdings
Limited
---------------------------------------
Trainline International Ltd Victoria Investments Pikco Limited
---------------------------------------
Qjump Ltd Trainline Group Investments
Limited
---------------------------------------
Victoria Investments Finco Ltd Trainline Junior Mezz Limited
---------------------------------------
Victoria Investments Intermediate Trainline Short Breaks Limited
Holdco Ltd
---------------------------------------
Trainline France SAS Trainline Holdings Limited
---------------------------------------
Trainline Italia Srl Victoria Investments Midco Limited
---------------------------------------
AO World plc Trainline Rail Enquiry Services
Limited
---------------------------------------
boohoo group plc Victoria Investments Bidco Limited
---------------------------------------
There is no further information required to be disclosed
pursuant to Schedule 2(g) of the AIM Rules for Companies
-ends-
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
Mark Mochalski, Investor Relations Tel: +44 (0)20 3239 6289
Zeus Capital - Nominated adviser and
joint broker
Nick Cowles / Andrew Jones Tel: +44 (0)161 831 1512
Benjamin Robertson Tel: +44 (0)20 3829 5000
Jefferies - Joint broker
Philip Noblet / Max Jones Tel: +44 (0)20 7029 8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth / Kim Looringh-van Tel: +44 (0)20 7466 5000
Beeck / Toto Berger / Verity 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 28 February 2022, the
boohoo group had 20 million active customers across all its brands
around the world.
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END
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