Superdry PLC Statement re Chief Executive Officer (6906P)
14 October 2019 - 5:00PM
UK Regulatory
TIDMSDRY
RNS Number : 6906P
Superdry PLC
14 October 2019
SuperdryPlc
("Superdry" or "the Company")
14 October 2019
Update on Chief Executive Officer
The Board of Superdry announces that Julian Dunkerton's contract
as Chief Executive Officer ('CEO') has been extended. Having served
as Interim CEO since 2 April 2019, Julian's title will now be Chief
Executive Officer and his contract will run until April 2021.
Julian has agreed to continue in the role to oversee the
delivery of his vision to restore the brand to its design-led roots
and lead the business to sustainable growth. Today's announcement
reflects the Board's unanimous view that he is the right person to
lead the business through this initial crucial phase of the
turnaround.
The terms of Julian's remuneration will remain as set out in the
2019 Annual Report. The Board's Nomination Committee will continue
the process to find a long-term CEO successor.
Peter Williams, Chairman of the Board of Superdry, said:
"The Board is delighted that Julian has agreed to continue in
the role as CEO through to April 2021. Julian has a clear vision
and his creativity, ambition and leadership will be crucial for the
turnaround of the business. As interim CEO, Julian has already been
working closely with the team to execute this plan and while much
remains to be done, the necessary foundations are being laid. I am
looking forward to working alongside Julian during this period as
we seek to identify his long-term successor."
Julian Dunkerton, Chief Executive Officer, said:
"I'm pleased that the Board has asked me to continue in the CEO
role for this important phase of the turnaround. Since I have
returned to the business full-time, I have been working with the
team to put in place the plan that will turn around Superdry, with
a focus on its design-led roots and strengthening the retail
basics. We are already seeing early signs of progress and while
this will take time, we are excited to realise the brand's full
potential. As CEO I am fully committed to working with the Board
and everyone in the business to deliver this change over the months
ahead."
For further information
Jefferies
Ed Matthews 44 (0) 20 7029 ematthews1@jefferies.com
8000
James Thomlinson 44 (0) 20 7029 jthomlinson@jefferies.com
8000
Numis 44 (0) 20 7260
Oliver Cox/Luke Bordewich 1000
Media enquiries
Brunswick
Imran Jina 44 (0) 207 404 superdry@brunswickgroup.com
5959
Superdry plc
Simon Callander 44 (0) 1242 586643 simon.callander@superdry.com
Company Secretary
Notes to Editors
The Superdry brand is obsessed with design, quality and fit and
committed to relentless innovation. We design affordable, premium
quality clothing, accessories and footwear which are sold around
the world. We have a unique purpose to help our consumers feel
amazing through wearing our clothes. We have a clear strategy for
delivering continued growth via a disruptive multi-channel approach
combining Ecommerce, Wholesale and physical stores. We operate in
63 countries, including our development markets of North America
and China, and have almost 5,000 colleagues globally.
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END
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