Ted Baker PLC CFO Appointment (1841N)
18 May 2020 - 5:30PM
UK Regulatory
TIDMTED
RNS Number : 1841N
Ted Baker PLC
18 May 2020
18 May 2020
Ted Baker Plc
("Ted Baker" or the "Group")
Appointment of Chief Financial Officer
Ted Baker, the global lifestyle brand, today announces the
appointment of David Wolffe as Chief Financial Officer with
immediate effect.
David, who will join the Board immediately, has over twenty
years' experience in finance roles for both public and private
businesses, including the Group CFO role at HMV Group PLC where he
addressed a range of retail and financial challenges. He has held
senior financial and executive positions at leading global consumer
and media businesses, including the roles of Finance Director of
ITV Studios, CFO at AOL Europe, and Finance Director, BBC Magazines
and Consumer Publishing. Since 2018 he has been Interim CFO in a
series of private equity backed retail and technology
businesses.
David joined Ted Baker on 2(nd) January 2020 as Interim Chief
Financial Officer from GeniusSports. Since his arrival, he has been
instrumental to a number of the Group's financial initiatives,
including the agreed sale and leaseback of the Ugly Brown
Building.
Rachel Osborne, Chief Executive Officer, said:
"We are delighted to welcome David on board on a permanent
basis, following a thorough process, in addition to the capability
we have seen him display in recent months.
"I have thoroughly enjoyed working closely alongside him since
the start of the year and David has quickly gripped the issues
inside the business and developed solutions to put things right. I
look forward to his continued significant contribution to the
leadership team, as we work together to return Ted Baker to
profitable growth" .
David Wolffe, said:
"I was extremely pleased about joining Ted Baker back in
January, and my time with the business since then has revealed the
huge opportunities that lie ahead for this iconic British
brand.
"The business has faced into a number of challenges in the
months since I joined, and while we still have much to do, our
progress so far gives me confidence that we can deliver our
transformation plan and create value for all of our
stakeholders."
The Company confirms that there is no further information to be
disclosed under the requirements of Listing Rule 9.6.13R in
relation to the appointment.
- Ends -
For further information contact:
Ted Baker
Rachel Osborne, Chief Executive Officer
Helena Feltham, Senior Independent Director
and Chair of the Nomination Committee
Peter Hearsey-Zoubie, Company Secretary
Tulchan Communications Tel: +44 (0) 20
7353 4200
Jonathan Sibun/Michelle Clarke/Will Palfreyman
Enquiries and further information:
www.tedbaker.com
www.tedbakerplc.com
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END
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