REG - boohoo group plc - Board Changes

BoohooAnnouncement

23/06/2022 07:00

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RNS Number : 8767P  boohoo group plc  23 June 2022

 
 
 
    23 June 2022

 

 boohoo group plc

 

("boohoo" or the "Group")

 

Board Changes

 

boohoo (AIM: BOO), a leading online fashion group, today announces the
appointment of Shaun McCabe as Chief Financial Officer ("CFO"). Shaun will
succeed Neil Catto whose role will transition to an Executive Director,
remaining on the Group Board, with responsibility for strategic projects.
Shaun is expected to take up his new role later this year. Neil will remain as
CFO until then to ensure an orderly handover, after which Neil will take up
his new position within the Group.

 

Shaun joined the Group's Board as a Non-Executive Director in 2020 and is the
current Chair of the Audit and Risk Committees as well as sitting on the
Remuneration, ESG and Nomination Committees. Following his new appointment,
Brian Small will replace Shaun as Chair of the Audit Committee, with Tim
Morris taking on the responsibility of chairing the Risk Committee. boohoo
will commence a process to replace Shaun and recruit one further Non-Executive
Director.

 

Shaun joins from Trainline plc, where he has been key to growing the Company's
operational and digital footprint as CFO. Shaun has extensive digital and
retail experience, having previously been the International Director at Asos
plc, as well as CFO for Amazon Europe.

 

Mahmud Kamani, Group Executive Chairman commented:

"Neil has been key to the Group's success since it listed and I would like to
take this opportunity to extend my gratitude, and that of the Board, for his
contribution to the business. During his tenure as CFO boohoo has grown
significantly, we now have 20 million active customers and 13 different
fashion destinations. We are delighted that he will continue to support the
senior management team as an Executive Director and in his role overseeing
strategic projects.

 

"Equally, it has been a great pleasure to work with Shaun over the last two
years and we are delighted to have him onboard in his new capacity later this
year. His digital and sector experience at Trainline, Asos and Amazon will be
key to driving the Group's next stage of growth."

 

Neil Catto, current Chief Financial Officer commented:

"It has been a privilege to have guided boohoo in my role as CFO, throughout
which the Group has seen tremendous growth. When I joined, boohoo's revenue
was £20m compared to almost £2bn today. In this period, the Group has
transformed from a small, disruptive UK fashion brand to a stable of
international brands with global recognition. I look forward to transitioning
to my position as an Executive Director and continuing to work with the Group
on strategic projects. I would like to join Mahmud and the Board in welcoming
Shaun in his new role."

 

Shaun McCabe, Chief Financial Officer designate commented:

"I know the senior management team and the Group well after serving on the
Board. Neil has built a solid foundation for the Group and I look forward to
helping the management team execute boohoo's growth strategy as CFO."

 

The following information is disclosed pursuant to Schedule 2(g) of the AIM
Rules for Companies.

 

As at 22 June 2022 Shaun Stephen McCabe (aged 53) held beneficially 113,482
ordinary shares in the capital of the Company. He has held the following
directorships and partnerships in the last five years:

 

 Current Directorships or Partnerships                                                                                                                                                                                                                                                                                  Previous Directorships or Partnerships
 Trainline PLC                                                                                                                                                                                                                                                                                                          Victoria Manager SARL
 Trainline Holdco Ltd                                                                                                                                                                                                                                                                                                   Victoria Intermediate Topco Ltd
 Trainline.com                                                                                                                                                                                                                                                                                                          Victoria Investments Newco Ltd
 (https://urldefense.proofpoint.com/v2/url?u=http-3A__Trianline.com&d=DwMGaQ&c=24Pv9SDmf15C3K1GQEblf0-dR4hG0m_5jejOBrkAV6M&r=4LNWz5yD0ApP8aAw4m5WhEtdAoIp5v9rB8qJxJNzY2A&m=V08h-coon32MFaXPwbjnikaQLnaYLfxJzXQpWeBpvRIhnysg7KeSQSVUTO_ikaVp&s=smUZ3G-bKgshiT5ATOziTLYlMMuiAONXv1D6A2EBRl8&e=)
 Ltd
 Railguard Ltd                                                                                                                                                                                                                                                                                                          Trainline Investments Holdings Limited
 Trainline International Ltd                                                                                                                                                                                                                                                                                            Victoria Investments Pikco Limited
 Qjump Ltd                                                                                                                                                                                                                                                                                                              Trainline Group Investments Limited
 Victoria Investments Finco Ltd                                                                                                                                                                                                                                                                                         Trainline Junior Mezz Limited
 Victoria Investments Intermediate Holdco Ltd                                                                                                                                                                                                                                                                           Trainline Short Breaks Limited
 Trainline France SAS                                                                                                                                                                                                                                                                                                   Trainline Holdings Limited
 Trainline Italia Srl                                                                                                                                                                                                                                                                                                   Victoria Investments Midco Limited
 AO World plc                                                                                                                                                                                                                                                                                                           Trainline Rail Enquiry Services Limited
 boohoo group plc                                                                                                                                                                                                                                                                                                       Victoria Investments Bidco Limited

 

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

 

-ends-

 

 Enquiries
 boohoo group plc
 Neil Catto, Chief Financial Officer                                      Tel: +44 (0)161 233 2050
 Alistair Davies, Investor Relations                                      Tel: +44 (0)161 233 2050
 Clara Melia, Investor Relations                                          Tel: +44 (0)20 3289 5520
 Mark Mochalski, Investor Relations                                       Tel: +44 (0)20 3239 6289

 Zeus Capital - Nominated adviser and joint broker
 Nick Cowles / Andrew Jones                                               Tel: +44 (0)161 831 1512
 Benjamin Robertson                                                       Tel: +44 (0)20 3829 5000

 Jefferies - Joint broker
 Philip Noblet / Max Jones                                                Tel: +44 (0)20 7029 8000

 Buchanan - Financial PR adviser                                          boohoo@buchanan.uk.com
 Richard Oldworth / Kim Looringh-van Beeck / Toto Berger / Verity Parker  Tel: +44 (0)20 7466 5000

 

 

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 28
February 2022, the boohoo group had 20 million active customers across all its
brands around the world.

 

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