REG - Alliance Pharma PLC - Appointment of Non-Executive Directors

Alliance PharmaAnnouncement

07/11/2023 07:00

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RNS Number : 5585S  Alliance Pharma PLC  07 November 2023

 For immediate release  7 November 2023

 

 

ALLIANCE PHARMA

("Alliance", "Company" or the "Group")

 

Appointment of Non-Executive Directors

 

Alliance Pharma plc (AIM: APH), the international healthcare group, is pleased
to announce the appointment of Eva-Lotta Sjöstedt and Richard McKenzie as new
independent Non-Executive Directors to strengthen the Board and support the
delivery of the Company's growth strategy. Both Eva-Lotta and Richard will
join the Board with immediate effect.

 

Eva-Lotta Sjöstedt

Eva-Lotta has in-depth knowledge of global consumer retail, supply chain and
digital transformation and has held leadership roles in consumer-facing
industries across Europe, Japan, China and the USA.

 

From 2016 to 2018, Eva-Lotta was CEO of Georg Jensen, the luxury jewellery and
Scandinavian design brand, where she led a global team of 1,400 to implement
an omni-channel turnaround in retail networks. Prior to this Eva-Lotta was CEO
at Karstadt, a chain of premium department stores in Germany with a strong
e-commerce presence. She started her career at IKEA, establishing the business
in Japan where she worked for four years before becoming CEO of IKEA
Netherlands and then Deputy Global Retail Manager. In this role she was
responsible for IKEA's global multi-channel strategy and the implementation of
its on and offline experiences throughout the entire global value chain.

 

Eva-Lotta is currently a NED at FTSE-250 listed Tritax Eurobox, which
operates, manages and invests in real estate assets across Continental Europe.
Eva-Lotta joined the Board of Tritax Eurobox in 2019 and she Chairs the ESG
committee and sits on the Nomination and Management Engagement committees. She
is a member of the Board of ELISA Oyj, a digital services and
telecommunications company listed on Nasdaq Helsinki, and is also a member of
the Supervisory Board of Metro AG, a German wholesale food specialist
operating in 35 countries.

 

We believe that Eva-Lotta's experience will strengthen the European dimension
of the Alliance Board whilst providing valuable e-commerce and multi-channel
experience.

 

Richard McKenzie

Richard has international e-commerce, distribution, supply chain and logistics
experience in the consumer, retail and technology sectors, along with
particular expertise in the Asia-Pacific region having lived and worked in
mainland China for 10 years.

 

From 2019 to 2023, Richard was Chief Commercial Officer and latterly President
(Europe and Asia) for Ocado Solutions, driving the growth of this leading
grocery e-commerce platform globally. During his tenure at Ocado Solutions,
Richard led major new deals with distributors in Korea, Japan, Spain and
Poland, and redesigned the B2B organisation of the business. Prior to this
Richard was a strategy consultant for OC&C in London and China, building
the company's presence in Asia-Pacific, before becoming a Senior Partner for
the Consumer Goods and Retail practice of Oliver Wyman in Asia Pacific. During
this time, he built extensive experience of the retail consumer market in
China, and Asia-Pacific more broadly.

 

Richard is currently a Senior Advisor to McKinsey and Company.

 

We believe that Alliance will benefit from Richard's significant operational
experience, particularly in the rapidly evolving distribution channels and
cross border e-commerce markets in China and Asia-Pacific, whilst his career
in consultancy will bring additional strategic oversight.

 

Jo LeCouilliard, Chair of Alliance, said:

"I am delighted to welcome Eva-Lotta and Richard to the Board and look forward
to their contribution to support the delivery of our growth strategy.
Eva-Lotta will bring significant additional global consumer expertise from her
various senior executive leadership roles, and Richard will bring significant
additional strategic and operational expertise, particularly in our important
China market."

 

The following information is disclosed pursuant to Schedule Two, paragraph
(g), of the AIM Rules for Companies.

 

Mrs Eva-Lotta Saga Sjöstedt, aged 56, has been a director of the following
companies during the five years preceding the date of this announcement:

 

 Current directorships                                  Directorships in the past five years:

 •           Metro AG

 •           Tritax Eurobox PLC                         None within past five years

 •           Elisa Oyj

 •           Pigos Holding AB

 •           Tultan AB

 •           Kuno Leadership Community AB

 

Mrs Eva-Lotta Sjöstedt does not hold any ordinary shares of 1 pence each in
the Company.

 

 

Mr Richard Alexander McKenzie, aged 51, has been a director of the following
companies during the five years preceding the date of this announcement:

 

 Current directorships                                      Directorships in the past five years:

 •           Strategy Max Ltd

 •           Karakuri Ltd*                                  None within past five years

 •           Ocado Intelligent Automation Ltd

 

* Karakuri Ltd was placed into administration by its directors on 28 July
2023. All substantive trade and employee liabilities were settled in full, and
shareholder loan notes were written off.

 

Mr Richard McKenzie does not hold any ordinary shares of 1 pence each in the
Company.

 

 

For further information:

 

 Alliance Pharma plc                                                       + 44 (0)1249 466966
 Cora McCallum, Head of Investor Relations & Corporate Communications      + 44 (0)1249 705168
 ir@allianceph.com (mailto:ir@allianceph.com)

 Buchanan                                                                  + 44 (0)20 7466 5000
 Mark Court / Sophie Wills
 alliancepharma@buchanan.uk.com (mailto:alliancepharma@buchanan.uk.com)

 Deutsche Numis (Nominated Adviser and Joint Broker)                       + 44 (0)20 7260 1000
 Freddie Barnfield / Duncan Monteith / Sher Shah

 Investec Bank plc (Joint Broker)                                          + 44 (0)20 7597 5970
 Corporate Broking: Patrick Robb / Maria Gomez de Olea

 

 

About Alliance

 

Alliance Pharma plc (AIM: APH) is an international healthcare group. Our
purpose is to improve the lives of consumers and patients through making
available a range of clinically valuable healthcare products.

Our core focus is on the marketing of Consumer Healthcare brands, complemented
by a smaller Prescription Medicines business. In total, we hold marketing
rights to around 80 brands, with revenues generated from a mix of direct,
distributor and e-commerce sales.

Headquartered in the UK, the Group employs around 250 people based in
locations across Europe, North America, and the Asia Pacific region. By
outsourcing our manufacturing and logistics operations, we remain asset-light
and focused on maximising the value of our brands.

For more information on Alliance, please visit our
website: www.alliancepharmaceuticals.com
(http://www.alliancepharmaceuticals.com/)

 

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