16 December
2024
Cake Box Holdings
plc
("Cake
Box" or the "Company" or the "Group")
Directorate
Changes
Cake Box Holdings plc, UK's largest
retailer of fresh cream celebration cakes, today announces the
following updates in relation to its board of directors
("Board").
Board Appointments
The Company is pleased to announce
the following proposed two new Board appointments which, subject to
the satisfactory completion of the necessary regulatory due
diligence, are expected to take effect in early January
2025:
·
Catherine Nunn as a Non-Executive Director and as
Chair of the ESG Committee; and
·
Malar Velaigam as a Non-Executive Director and as
Chair of the Remuneration Committee.
Catherine Nunn
Catherine is a highly experienced
CEO and retailer, having served as the UK Retail Director for BP
between 2011 and 2016, where she held full P&L responsibility
for the company's convenience and forecourt retail network
including the partnership with Marks & Spencer. Prior to this
role, Catherine held a variety of leadership positions in BP's
European Retail operations over a 21 year career with the company.
Since 2016 Catherine has been
working with Lakeland Ltd and helping the family-owned retailer
develop and implement their strategic plans and vision.
Catherine is also Non-Executive
Director of AIM quoted company H&T Group plc and is a
Non-Executive Board Member at the International Exhibition
Co-operative Wine Society Limited (The Wine Society).
Malar Velaigam
Malar Velaigam brings over 15 years
of extensive experience in the capital markets. Malar
Velaigam is currently Director at Dowgate Capital. Before Dowgate,
she was Director at RBC Capital Markets from 2022 - 2024 helping to
build its small and mid-cap presence. Prior to this she worked at
Cavendish Financial from 2013-2022, joining the Management
Committee in her later years where she advised on strategy and
growth. Malar also serves as a Board Trustee and Secretary of the
Sea & Marine Cadets, an organisation regulated by the Ministry
of Defence.
Other Board Updates
Shaun Smith, independent
Non-Executive Director, has indicated that he would like to step
down from the Board and the Board has agreed that he will leave the
Board on 31 December 2024. As previously announced, Alison Green is
also stepping down from the Board and this will also take effect
from 31 December 2024.
The Board has instigated a search to
find a further new Non-Executive Director who can become the Chair
of the Audit Committee and until that search is completed Martin
Blair, Chair of the Board will be the Chair of the Audit
Committee.
Martin Blair, Non-Executive Chair of
Cake Box commented:
"I am delighted to warmly welcome
Catherine and Malar. They will bring a significant depth of talent
and vast experience as leaders in their field to Cake Box and I
know their insights will play a significant part in helping drive
our continued performance and taking Cake Box to the next level in
its growth trajectory."
"I would like to thank Alison and
Shaun for their hard work and valuable counsel and useful insights
and support. We wish them all the best."
For
further information, please contact:
Cake Box Holdings plc
+44 (0) 20 4582 3500
Martin Blair, Chair
Shore Capital (Broker and NOMAD)
+44 (0) 20 7408
4090
Stephane Auton
Patrick Castle
Rachel Goldstein
Fiona Conroy - Corporate
Broking
Gracechurch
Group
+44 (0) 20 4582 3500
Harry Chathli
cakebox@gracechurchpr.com
Alexis Gore