Directorate Changes

RNS Number : 0459V

boohoo group plc

03 April 2023

 

3 April 2023

boohoo group plc

("boohoo" or the "Group")

Directorate Changes

boohoo (AIM: BOO), a leading online fashion retailer, announces the appointment of Alistair McGeorge to the Board as an Independent Non-Executive Director, with effect from 31 March 2023. Alistair succeeds Brian Small as the Group's Deputy Chairman and will act as interim Chair of the Audit Committee until the search for an additional Non-Executive Director to fulfil the role is complete. Alistair is also a member of the Remuneration, Nomination, Risk and ESG committees. 

Alistair is currently the Non-Executive Chairman of East Imperial plc and The Original Factory Shop, as well as Chair of The Retail Trust, which provides support to retail employees. He has worked within the retail industry over the last 30 years and has been CEO and/or Chairman of multiple retail brands in the UK and internationally. Alistair is a qualified Chartered Accountant.

In addition, with effect from 31 March 2023, Neil Catto stepped down as Executive Director after nearly 12 years with the Group, the majority of which was spent as Chief Financial Officer.

Mahmud Kamani, Group Executive Chairman, commented:

"Alistair has extensive board-level experience with some great retail brands. We look forward to working with him and are confident that he will help us deliver our ambition to be the global fashion leader. Brian departs with my significant thanks for his positive contribution over the last four years on the Board, initially as Audit Chair and then as Deputy Chair from December 2019. Neil has been with the Group for 12 years and is held in the highest regard for his substantial contribution. He has been instrumental in building the Group from a one-brand-business and into a multi-brand platform. I, on behalf of the wider Board, management team and group, wish Neil and Brian the very best for the future."

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.

Alistair Kenneth McGeorge (aged 63) holds or has held the following directorships or partnerships in the past five years:

Current Directorships or Partnerships	Previous Directorships or Partnerships
Retail Trust	Top Gun Realisations 76 Limited
East Imperial plc	Top Gun Realisations Limited
OFS (DS) Holdings Limited	New Look Limited
H. Littlewood (Scotland) Limited	New Look Retailers Limited
Finesse Golf LLP	Top Gun Realisations 73 plc
	Top Gun Realisations 74 plc
	Top Gun Realisations 90 Limited
	Top Gun Realisations 203 plc
	Top Gun Realisations 101 Limited
	Top Gun Realisations 102 Limited
	Ellestone Apparel LLP

He was a Director of Top Gun Realisations 73 plc and Top Gun Realisations 74 plc when they entered creditors voluntary liquidations in August 2019. Both companies were dissolved in September 2020, with a shortfall to creditors of £184.6m and £308.9m respectively. He was also a Director of Top Gun Realisations Limited when it entered Administration in May 2019, and was dissolved in September 2020 with £580m owed to creditors via a guarantor arrangement.

Alistair was a Director of New Look Retailers Limited when it entered into a CVA in March 2018. This was completed and terminated in September 2020 with no payments to creditors. A second CVA, which remains ongoing, was launched in September 2020, which was within 12 months of Alistair's resignation as a Director.

Alistair holds no shares in boohoo.

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.

Enquiries
boohoo group plc
Shaun McCabe, Chief Financial Officer	Tel: [phone]
Alistair Davies, Investor Relations	Tel: [phone]
Clara Melia, Investor Relations	Tel: [phone]
Mark Mochalski, Investor Relations	Tel: [phone]
Zeus - Nominated adviser and joint broker
Andrew Jones / James Edis / Dan Bate	Tel: [phone]
Benjamin Robertson	Tel: [phone]
Jefferies - Joint broker
Ed Matthews	Tel: [phone]
Harry Le May	Tel: [phone]
Buchanan - Financial PR adviser	[e-mail]
Richard Oldworth / Toto Berger / Verity Parker	Tel: [phone]

About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2022, the boohoo group had 19 million active customers across all its brands around the world.

 

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