Sosandar PLC Appointment of Finance Director (1315R)
26 June 2020 - 4:00PM
UK Regulatory
TIDMSOS
RNS Number : 1315R
Sosandar PLC
26 June 2020
Date: 26 June 2020
On behalf of: Sosandar plc ('Sosandar' or 'the Company')
Embargoed until: 0700hrs
Sosandar plc
Appointment of Finance Director
Sosandar PLC (AIM: SOS), the online women's fashion brand, is
delighted to announce the appointment of Stephen Dilks as Finance
Director. Stephen will take over from James Bowling, Head of
Finance, who has decided to step down to pursue other
opportunities.
Having spent the last 11 years with Regatta, the outdoor apparel
business , including for the last five years as Finance Director,
Stephen has supported its consistent double-digit growth across
multiple brands, countries and channels including wholesale, own
retail, concessions and online. Stephen has been the finance lead
for several key strategic projects including the Group's Brexit
planning and the implementation of group wide new IT systems.
Prior to his tenure at Regatta, Stephen held a number of roles
in retail and FMCG including Kraft Foods and The Co-Operative
Group.
The Board expects that Stephen will be appointed to the Board
once he has settled into his new role, subject to the satisfactory
completion of the necessary regulatory requirements.
Stephen will join Sosandar on 7 September 2020 and James will
remain in his role until 18 September 2020, to ensure an orderly
handover.
Ali Hall and Julie Lavington, Joint CEOs, commented:
"James has been an integral part of Sosandar's journey so far,
both in the early days, through our listing and our tremendous
growth and development since. We are incredibly grateful for all
the hard work he put into the business and take this opportunity to
wish him well in his future endeavours.
"We are very pleased to be welcoming Stephen to the Company, his
extensive knowledge of finance and operations in a growing retail
brand will be invaluable through our journey ahead. Notwithstanding
the current environment, the opportunity for Sosandar is
significant. With his experience across brands and markets, Stephen
is well placed to work alongside us to deliver continued growth and
shareholder value going forward."
Enquiries
Sosandar plc www.sosandar.com
Julie Lavington / Ali Hall, Joint c/o Alma PR
CEOs
Shore Capital
Patrick Castle / Mark Percy / James
Thomas +44 (0) 20 7408 4090
Alma PR Limited (Financial PR) +44 (0) 20 3405 0205
Rebecca Sanders-Hewett / Susie Hudson sosandar@almapr.co.uk
/ Sam Modlin
About Sosandar PLC
Sosandar is an online womenswear brand, specifically targeted at
a generation of women who have graduated from throwaway fashion and
are looking for quality, affordable clothing with a premium,
trend-led aesthetic. This is a section of the market that is
currently being underserved.
Sosandar was launched in September 2016. The Sosandar business
model is built around using trend-led, exclusive designs produced
in-house and then manufactured using a variety of global suppliers.
Sosandar caters for a growing market of fashion conscious women,
while utilising an outsourced logistics provider that can support
its planned growth over the coming years.
Sosandar's founders are Ali Hall and Julie Lavington, who
previously launched and ran high street fashion magazine Look, as
editor and publishing director respectively. They have a combined
experience of over 35 years in the fashion industry, including in
the design, manufacture and sale of fashion ranges for some of the
UK's high street retailers, including Debenhams, Office, Oasis and
JD Williams.
More information is available at www.sosandar-ir.com
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END
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