Majestic Wine PLC Directorate Change (0357C)
13 June 2019 - 4:01PM
UK Regulatory
TIDMWINE
RNS Number : 0357C
Majestic Wine PLC
13 June 2019
Majestic Wine PLC
Directorate Changes
13 June 2019
Majestic Wine PLC announces that, due to an increase in other
professional commitments, Greg Hodder will step down as Chairman at
the conclusion of the AGM in August and will retire from the Board
six months later after a period of transition.
The Board is pleased to announce the appointment of John C.
Walden as Non-Executive Director and Chairman Designate. John has
been at the forefront of multi-channel, consumer-driven retailing
for more than 20 years, with a proven record of growth across a
diverse range of organisations, from start-ups to listed companies.
He has been successful in creating transformational results through
strategic insight, engaging leadership and ability to combine
entrepreneurialism with scale. John has specific expertise in
digital and multi-channel consumer businesses and in leading
reinvigoration, turnaround and organizational change in established
enterprises across the US and UK markets.
The Board is also pleased to announce the appointment of
Nicholas Devlin to the Board as an Executive Director in the new
position of Group Chief Operating Officer. Nick has been, and will
remain, the President of our US Naked Wines division and is based
in California. Nick has played a significant role in the
development of our current business worldwide and has a wealth of
experience in corporate strategy, specifically in analytical
problem solving and customer segmentation.
Both appointments will take effect from today.
Ian Harding, Senior Independent Director, commented:
"I am delighted to welcome John to our Board as Chairman
Designate. Following an extensive external selection process, it
was evident that John was uniquely qualified to become our next
Chairman. His experience of UK plc corporate governance, digital
and multi-channel consumer businesses and US markets will be an
invaluable asset to the Board as we enter our new growth phase.
"I am also delighted to welcome Nick to the Board. The Group has
ambitious growth plans and now is the time to strengthen the
leadership team with this newly created COO role to help
successfully deliver our full potential. It is a testament to the
quality and depth of the people in our business that we have been
able to make this an internal appointment.
"Lastly, on behalf of the Board, I would like to thank Greg for
his dedication, guidance and oversight of the Group's transition.
He will be missed and I thank him for agreeing to stay an extra six
months to ensure a smooth transition at this important time for the
business."
John C. Walden, Chairman Designate, commented:
"I am delighted to be joining the team at this pivotal time and
am looking forward to the opportunity to work together with them to
deliver on the new strategy in a way that will benefit all
concerned."
John Carl Walden (59) holds or has held the following
directorships in the past five years:
Current Directorships or Partnerships Previous Directorships or Partnerships
Inversion INC. LLC L1R HB Holdings Limited
---------------------------------------
Holland & Barrett International
LTD
---------------------------------------
FTD Companies INC
---------------------------------------
Home Retail Group Limited
---------------------------------------
Home Retail Group (UK) Limited
---------------------------------------
Argos Limited
---------------------------------------
HHGL Limited
---------------------------------------
Homebase Group Limited
---------------------------------------
Hampden Group Limited
---------------------------------------
John joined FTD Companies INC ("FTD") for a period from March
2017 to July 2018, the purpose of which was to assist FTD with a
turnaround plan. On 3 June 2019, FTD announced that it and
substantially all of its domestic subsidiaries had filed voluntary
petitions commencing cases under Chapter 11 in the U.S. Bankruptcy
Court for the District of Delaware to facilitate the completion of
strategic initiatives resulting from the FTD's previously announced
strategic review.
Mr. Walden holds no shares in the Group.
Nicholas James Devlin (34) holds or has held the following
directorships in the past five years:
Current Directorships or Partnerships Previous Directorships or Partnerships
www.nakedwines.com Inc. Nil
---------------------------------------
Mr. Devlin holds 15,349 shares in the Group in his personal
capacity and 4,532 shares through a related person (his spouse).
There are no other matters which are required to be disclosed in
accordance with Rule 17 and paragraph (g) of Schedule Two of the
AIM Rules for Companies.
For further information, please contact:
Majestic Wine PLC Tel: 01923 298 200
Rowan Gormley, Chief Executive Officer Investor.relations@majestic.co.uk
James Crawford, Chief Financial
Officer
Investec (NOMAD & Broker) Tel: 0207 597 5970
David Flin / Carlton Nelson / David
Anderson
Instinctif Partners (PR Agency) Tel: 0207 457 2020
Damian Reece
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END
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