Ted Baker PLC Lindsay Page (2878W)
December 10 2019 - 2:01AM
UK Regulatory
TIDMTED
RNS Number : 2878W
Ted Baker PLC
10 December 2019
Ted Baker Plc
("Ted Baker") (the "Group")
Lindsay Page
Ted Baker announces that the Board has accepted Lindsay Page's
resignation as Chief Executive Officer and that Rachel Osborne has
agreed to become Acting Chief Executive Officer with immediate
effect.
The Board has accepted Lindsay's offer to support a number of
ongoing initiatives and assist an orderly transition of his role.
The search for a new Chief Executive Officer will commence in
January 2020.
Lindsay joined the Group in 1997 from Arthur Andersen prior to
the Company's IPO. When Lindsay joined the Company, Ted Baker had
six shops and one concession in the UK and a turnover of GBP14m.
Alongside the brand's founder, Ray Kelvin CBE, Lindsay has played a
key role in Ted Baker's expansion into a truly international brand
with a presence in 50 countries.
Lindsay Page commented: "I would like to thank everyone at Ted
Baker whom I have had the pleasure of working with since 1997. In
particular, I am grateful for the team's support over the last 12
months.
"I would also like to take this opportunity to thank Ray Kelvin
for the opportunity he gave me 22 years ago to join this fantastic
brand and help to achieve his vision of creating a truly
international business. I am very proud of everything the team at
Ted Baker has achieved together.
"Ted Baker continues to be a very strong global brand and I wish
Rachel Osborne and the rest of the team every success in achieving
further growth."
Sharon Baylay, Acting Chair, commented: "The Board would like to
recognise and thank Lindsay for his significant contributions to
Ted Baker over the last 22 years. Lindsay played a key role
throughout the development of Ted Baker into an international
brand."
Details of the remuneration payments to be made to Lindsay Page,
in accordance with section 430(2B) Companies Act 2006, will be
published shortly on Ted Baker's website (www.tedbakerplc.com).
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of the Company is Peter Hearsey-Zoubie, General Counsel
& Company Secretary.
Hudson Sandler Tel: +44 (0) 20
7796 4133
Alex Brennan / Hattie Dreyfus / Nick Moore
This announcement contains certain forward-looking statements.
These forward-looking statements include matters that are not
historical facts or are statements regarding the Group's
intentions, beliefs or current expectations concerning, among other
things, the Group's results of operations, financial condition,
liquidity, prospects, growth, strategies, and the industries in
which the Group operates.
Forward-looking statements are based on the information
available to the Directors at the time of preparation of this
announcement, and will not be updated. The Directors can give no
assurance that these expectations will prove to have been correct.
Due to inherent uncertainties, including both economic and business
risk factors underlying such forward looking information, actual
results may differ materially from those expressed or implied by
these forward-looking statements.
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.
END
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