TIDMMYSL
RNS Number : 9854N
MySale Group PLC
05 October 2021
5 October 2021
MySale Group plc
(the "Company", "MySale" or the "Group")
Appointment of CEO and Board Update
MySale (AIM: MYSL), a leading international online retailer, is
pleased to announce the appointment of Kalman Polak as Chief
Executive Officer, alongside further Board changes to prepare the
Group in advance of a potential listing on the Australian
Securities Exchange ("ASX").
Kalman has extensive experience in online retail, having spent
over a decade at Catch.com.au ("Catch Group"), one of the largest
digital marketplaces in Australia, which was acquired by ASX-listed
conglomerate, Wesfarmers Limited, in June 2019. During his time
with Catch Group, he held a number of roles, most recently as Head
of Marketplace. It was under Kalman's leadership that the Catch
Group's marketplace became one of the largest in Australia.
Further, since December 2020, Kalman has worked with the Group
as Chief Commercial Officer on a consultancy basis.
Board update
Following the appointment of Kalman, Carl Jackson, currently
Chief Executive Officer, will become Executive Chairman of the
Group. Carl will remain actively involved in the business, focused
on managing shareholder and other key stakeholder relationships and
supporting Kalman who will take over the running of all MySale's
day-to-day operations and the implementation of strategy.
This structure is intended to ensure a smooth and orderly
transition to Kalman of the day-to-day leadership of the business,
while maintaining clear lines of responsibility.
Carl has been CEO of MySale since 2009, leading the business for
12 years, more recently securing the successful recapitalisation,
restructuring and repositioning of MySale through the execution of
the 'ANZ First' strategy.
Charles Butler, currently Non-Executive Chairman, will remain on
the Board as a Senior Independent Director.
The Board is also considering a number of independent,
Non-Executive Director appointments to reflect MySale's core focus
on its next stage of growth in the ANZ region which includes
evaluating a listing on the ASX, which will be announced in due
course. These appointments will be subject to customary due
diligence processes and approval by the Company's Nominated
Adviser.
Charles Butler, Senior Independent Director of MySale,
commented:
"The Board is delighted that Kalman has joined us as CEO. His
extensive digital experience, having spent over a decade as an
executive with the Catch Group, will be transformational for
MySale. It was under Kalman's leadership that the Catch Group
became one of the largest marketplaces in Australia.
"We are very fortunate to gain someone with Kalman's experience,
talent and vision and we look forward to working with him in his
new role."
Carl Jackson, Executive Chairman of MySale, commented:
"It has been a pleasure to lead the MySale business as CEO for
the past 12 years. As we move into the next chapter of growth, I am
handing over the day-to-day operations to Kalman but will remain
actively involved, ensuring an orderly transition and supporting
with investor relations and the strategic stakeholder relations for
the Group as we continue our exciting journey. I would also like to
thank Charles for his support as Chairman over the last few years
and look forward to continuing to work with him on the Board.
"Over the last two years we have successfully recapitalised,
restructured and repositioned the business, executing the ANZ First
Strategy. Our focus is now on moving MySale forward at pace,
including evaluating the opportunity to list on ASX."
Kalman Polak, CEO of MySale, commented:
"I am absolutely delighted that the Board have placed their
confidence in me to lead the MySale business into the future. There
is a very clear opportunity to deliver rapid growth and to become
the pre-eminent off-price marketplace platform in ANZ."
The following information in relation to Kalman Polak is
disclosed in accordance with Schedule 2(g) of the AIM Rules for
Companies.
Full name: Kalman Polak
Age: 43
Ordinary Shares held: 0
Other Interests: 13,100,888 Loan Share awards, previously
awarded to Kalman as part of his consultancy role as Chief
Commercial Officer to the Group.
Directorships held in the past five years:
Current Past
* Game Changer Group Pty Ltd
* Game Changer (Aust) Pty Ltd
* On Trend Beauty Pty Ltd
* Carousale Pty Ltd
* Next Level Retail Pty Ltd
Save for the above, there are no further disclosures to be made
in accordance with Rule 17 and Schedule 2 paragraph (g) of the AIM
Rules for Companies.
Enquiries :
MySale Group plc
Carl Jackson, Executive Chairman +61 (0) 414 817 843
Mats Weiss, Chief Financial and Operating Officer +61 (0) 403 810 762
Singer Capital Markets (Nominated Adviser and Joint Broker) +44 (0) 20 7496 3000
Mark Taylor
Justin McKeegan
Zeus Capital (Joint Broker)
Daniel Harris/James Hornigold, Corporate Finance
John Goold, Corporate Broking +44 (0) 20 3829 5000
MHP Communications (Financial PR Adviser) +44 (0) 20 3128 8570
Simon Hockridge
Pete Lambie
About MySale:
MySale operates a group of leading proprietary ecommerce
platforms that offer unparalleled access to brands at great prices.
Launched in Australia in 2007, MySale continues to be the go-to
destination for hard-to-own fashion and lifestyle items ranging
across apparel, shoes, accessories, homewares and lifestyle,
beauty, kids and baby and at great prices. Brand partners get
unparalleled access to a unique shopping audience, leading
marketplace experience and channel for counter seasonal goods.
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END
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