Hotel Chocolat Group PLC Appointment of Chair and Board Changes (1911Y)
03 May 2023 - 4:00PM
UK Regulatory
TIDMHOTC
RNS Number : 1911Y
Hotel Chocolat Group PLC
03 May 2023
3 May 2023
HOTEL CHOCOLAT GROUP PLC
( " Hotel Chocolat ", the " Company" or the " Group ")
Appointment of Chair and Board Changes
Hotel Chocolat Group plc, a direct-to-consumer premium chocolate
brand, is pleased to announce the appointment of Stephen Alexander
as the Company's Non-Executive Chair, effective on 5 May 2023.
Stephen has held numerous Chair roles of public and private
equity-backed companies, predominantly in the consumer sector, for
more than 20 years, including Dairy Crest, Immediate Media, Rhubarb
Foods, EMI Group, Odeon Cinemas, AWAS Aircraft Leasing and Meridien
Hotels. Prior to this, Stephen was Chief Executive of Hillsdown
Holdings, before which he spent 17 years at Allied Domecq, where he
was Chief Executive of both the Food and Retailing Divisions
including 4,500 pubs and 9,000 fast food restaurants. He has also
chaired the charities Look Ahead and Employment Autism.
Stephen is currently an Operating Partner with private equity
group OpCapita LLP.
In accordance with Schedule 2(g) of the AIM Rules for Companies,
the names of all companies and partnerships of which Stephen Harold
Alexander, aged 67, is or has been a director or partner at any
time in the previous five years are set out below:
Current directorships and/or partnerships
Previous directorships and/or
partnerships (in the last five
years)
Employment Autism Trustee Limited Westwick Fruit Farms Limited
Stemin Investments Dairy Crest Group Limited
Immediate Investments La Sirena Alimentacion Congelada
SAU
Sebeto S.P.A.
Rosso Topco S.P.A.
Stephen does not currently hold any ordinary shares in Hotel
Chocolat.
Save as set out in this announcement, there are no further
details to be disclosed under Rule 17 or Schedule 2(g) of the AIM
Rules for Companies in respect of Stephen.
In addition, as previously announced, Andrew Gerrie will step
down as the Company's Chair and member of the Board with his
resignation effective from 4 May 2023.
T he Company also confirms that Jon Akehurst will join the
Company as Chief Financial Officer and an Executive Board Director
on 15 May 2023. Further to the announcement on 2 February 2023, Jon
is a Chartered Accountant, and his career includes management and
leadership roles with General Mills, Mars, Aggreko and most
recently at Terumo Corporation as CFO of their Aortic division. He
has extensive experience across branded goods, manufacturing and
international development.
Angus Thirlwell, Co-Founder and Chief Executive Officer of Hotel
Chocolat, said:
"Stephen's significant experience chairing companies in the food
manufacturing and retail space in the UK and overseas will be
invaluable as we take the business through its next chapter of
growth. With Jon joining our team too, we have materially boosted
the leadership and Board firepower. I am looking forward to working
closely with them both.
I would like to thank Andrew Gerrie, our outgoing Chair, for all
he has brought to Hotel Chocolat during his tenure as we scaled
from brand revenues of GBP80m to GBP200m."
Enquiries:
Hotel Chocolat Group PLC Tel: +44 (0) 1763 257 746
Angus Thirlwell, Co-Founder and
CEO
Peter Harris, Co-Founder, and
Interim CFO
Liberum (Nominated Adviser and Tel: +44 (0) 20 3100 2000
Sole Broker)
Clayton Bush
Edward Thomas
Miquela Bezuidenhoudt
Citigate Dewe Rogerson Tel: + 44 (0) 20 7638 9571
Angharad Couch
Ellen Wilton
Alex Winch
Notes to Editors:
Hotel Chocolat is a premium British chocolate maker with a
strong and distinctive D2C brand. The business was founded by Angus
Thirlwell and Peter Harris, who are still executives within the
business, and has traded under the Hotel Chocolat brand since 2003.
The Group is unusual in being a grower (organic cacao farm in Saint
Lucia), a manufacturer (Cambridgeshire) and owning its extensive
direct to consumer channels (branded stores, websites). The Group
was admitted to trading on AIM in 2016.
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