Next PLC Board Changes (4102O)

TIDMNXT

RNS Number : 4102O

Next PLC

02 October 2023

NEXT plc

2 October 2023

BOARD CHANGES

After 28 years of outstanding service, Amanda James, NEXT's Chief Financial Officer, has decided to retire from full time work, and will step down from the Board with effect from 26 July 2024. Amanda is planning to leave the Group on 26 September 2024 following our Interim results. Amanda has been planning this change for some time and it coincides with her husband's retirement.

Amanda has made a huge contribution to the Group in her 28 years with NEXT and has been an exceptional guardian of our finances. Our financial position today is testament to her diligence and hard work . The Board is extremely grateful to Amanda for her excellent service to the Group.

We are pleased to announce that Amanda's successor will be Jonathan Blanchard, currently CFO at Reiss. Jonathan will join NEXT in February 2024 and take over as CFO in July 2024 and also join the Board of Next plc at that time.

Jonathan is currently the CFO and Chief Operating Officer of the Reiss Group, having joined the Company as a Board Director in 2017. Jonathan qualified as a Certified Chartered Accountant in 1994 and has over thirty years of experience in finance. The last twenty five years of his career have been at Board level in private equity backed businesses, all of which were in the retail/consumer sectors. Jonathan has a wealth of experience implementing rigorous financial and capital controls; he has also managed several successful private equity transactions. Jonathan played a critical role at Reiss, not least negotiating and implementing the transition to Total Platform. We have worked closely with Jonathan for over three years and believe that his skills are well suited to NEXT's financial disciplines and its culture.

The Board confirms that no other disclosures need to be made under Listing Rule 9.6.13 in respect of this appointment.

 
 Contact:   Alistair Mackinnon-Musson   next@rowbellpr.com 
             Rowbell PR                  Tel: 020 7717 5239

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