TIDMPETS
RNS Number : 8134A
Pets At Home Group Plc
07 February 2022
FOR IMMEDIATE RELEASE, 7 FEBRUARY 2022
Pets at Home Group Plc: Appointment of CEO
Pets at Home Group Plc, the UK's leading pet care business, is
pleased to announce the appointment of Lyssa McGowan as Group Chief
Executive Officer with effect from 1 June 2022.
Lyssa will succeed Peter Pritchard, who announced his intention
last November to step down from his role in Summer 2022 and will
remain with the business until 31 May 2022 to ensure a seamless
transition. Lyssa will be appointed to the Board as CEO Designate
on 25 April 2022 prior to her appointment as CEO on 1 June
2022.
Lyssa is the outgoing Chief Consumer Officer at Sky UK Limited,
with responsibility for the Consumer business serving more than 10
million customers and achieving over $10bn of revenue. Over the
last 11 years, Lyssa has led numerous business units to growth
within Sky, both organically and through M&A. She has broad
experience of managing product, service and subscription-led
businesses, leveraging deep capabilities in new product and service
innovation, omnichannel development, marketing and customer
experience excellence, and data and digital transformation.
Lyssa was a non-executive director of the Board of Wm Morrison
Supermarkets plc until its recent sale to CD&R.
Ian Burke, Chairman of Pets at Home, commented:
"On behalf of the Board, I am delighted to announce the
appointment of Lyssa as CEO of Pets at Home Group Plc. Lyssa brings
strong corporate, strategic and operational expertise across a
range of consumer-facing businesses, and a proven track record of
growth at Sky, with significant experience in customer and
digital-first initiatives across multiple channels and sites."
"Following an extensive search process across internal and
external candidates, the Board believes that Lyssa has the
requisite skills and capabilities to lead Pets at Home as it
executes its future growth strategy. Lyssa's commercial and
strategic experience will undoubtedly be of great benefit to Pets
at Home and I very much look forward to working with her."
Lyssa McGowan commented:
"I am thrilled to be joining Pets at Home as CEO. It is a
fantastic business with a unique, integrated business model, and a
strong purpose-led culture fuelled by the shared passion of over
15,000 colleagues and Partners to care for pets, and the people who
love them. I am excited to work with the Board and Executive
Management Team to lead Pets at Home on its journey to being the
best pet care business in the world."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulations (Regulation (EU)
No.596/2014). For the purposes of MAR and Article 2 of Commission
Implementing Regulation (EU) 2016/1055, this announcement is being
made on behalf of the Company by Roger Tejwani, Director of
Investor Relations & External Communication.
This disclosure is given in accordance with Listing Rule 9.6.11.
There is no further information to be disclosed under paragraph
9.6.13R of the Listing Rules.
Remuneration
Lyssa McGowan's remuneration package will consist of a basic
salary, benefits and variable incentive arrangements which are in
line with Pets at Home Group Plc's Remuneration Policy.
The key elements of Lyssa McGowan's remuneration package are as
follows:
-- Base salary of GBP580,000 which reflects the outgoing CEO's
salary for FY21 of GBP550,000 with an increase of 5.5%, applied.
This is broadly in line with the average salary increase awarded to
the wider workforce in October 2021.
-- Pension contribution of 6.5% of base salary in line with our
Remuneration Policy and the outgoing CEO's remuneration
package.
-- An annual bonus maximum award of 170% of base salary, in line
with our Remuneration Policy and the outgoing CEO's remuneration
package.
-- A RSP maximum of 100% of base salary in line with our Remuneration Policy.
-- Benefits will also be in accordance with the Remuneration
Policy set out in the 2021 Annual Report and Accounts and approved
by shareholders at the 2020 AGM.
Enquiries
Pets at Home Group Plc:
Lucy Williams, Company Secretary
+44 (0)161 468 6688
Investor Relations
Pets at Home Group Plc:
Roger Tejwani, Director of Investor Relations & External
Communication
+44 (0)1279 927022
Media Enquiries
Pets at Home Group Plc:
Natalie Cullington, Head of Media & Corporate Affairs
+44 (0)7974 594 701
Maitland/AMO:
Clinton Manning
+44 (0)7711 972662
Joanna Davidson
+44 (0)7827 254567
About Pets at Home
Pets at Home Group Plc is the UK's leading pet care business;
our commitment is to make sure pets and their owners get the very
best advice, products and care. Pet products are available online
or from our 455 stores, many of which also have vet practices and
grooming salons. Pets at Home also operates a UK leading small
animal veterinary business, with 442 First Opinion practices
located both in our stores and in standalone locations. For more
information visit: http://investors.petsathome.com/
Disclaimer
This trading statement does not constitute an invitation to
underwrite, subscribe for, or otherwise acquire or dispose of any
Pets at Home Group Plc shares or other securities nor should it
form the basis of or be relied on in connection with any contract
or commitment whatsoever. It does not constitute a recommendation
regarding any securities. Past performance, including the price at
which the Company's securities have been bought or sold in the
past, is no guide to future performance and persons needing advice
should consult an independent financial adviser. Certain statements
in this trading statement constitute forward-looking statements.
Any statement in this document that is not a statement of
historical fact including, without limitation, those regarding the
Company's future plans and expectations, operations, financial
performance, financial condition and business is a forward-looking
statement. Such forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks and uncertainties include, among other factors,
changing economic, financial, business or other market conditions.
These and other factors could adversely affect the outcome and
financial effects of the plans and events described in this
statement. As a result you are cautioned not to place reliance on
such forward-looking statements. Nothing in this statement should
be construed as a profit forecast.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAFQLLBLLLEBBF
(END) Dow Jones Newswires
February 07, 2022 01:59 ET (06:59 GMT)
Pets At Home (LSE:PETS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pets At Home (LSE:PETS)
Historical Stock Chart
From Jul 2023 to Jul 2024