REG - boohoo group plc - Directorate Change: Appointment of CFO

BoohooAnnouncement

23/01/2024 07:15

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RNS Number : 5301A  boohoo group plc  23 January 2024

   23 January 2024

boohoo group plc

("boohoo" or the "Group")

Directorate Change: Appointment of CFO

boohoo (AIM: BOO), a leading online fashion retailer, announces the
appointment of Stephen Morana to the Board as Chief Financial Officer,
commencing on 19 February 2024.

Stephen is widely recognised for his e-commerce expertise and he has
significant experience in a range of businesses. He spent a significant part
of his executive career as CFO of two founder-led, digitally disruptive
businesses, Betfair and Zoopla, both of which he led through IPO and helped to
create significant shareholder value. Stephen has also been a Non-Executive
director at Entain, the FTSE100 group, and here at boohoo (2014 -2017). He has
also been a venture partner at Octopus Ventures. His most recent executive
position was at Cazoo plc. He is a qualified chartered accountant and a member
of the INSEAD alumni.

Mahmud Kamani, Group Executive Chairman, commented:

"Stephen is a highly regarded finance director who is well known to boohoo,
having previously served on our Board in a Non-Executive capacity for four
years. He supported us through the IPO process and in our early years as a
PLC. While the business has grown significantly since then, Stephen has a
wealth of experience with global digital businesses and is therefore very well
placed to support the strategy in pursuit of our growth ambitions."

 

The following additional information is provided in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies.

Stephen Gavin Morana (aged 52) holds or has held the following directorships
or partnerships in the past five years:

 Current Directorships or Partnerships  Previous Directorships or Partnerships
 Smart Pension Limited                  Entain plc
 Lampada Consultants Limited            Open Data Institute
 Atticus Property Developments plc      Bigblu Broadband PLC
                                        KM Capital Limited
                                        Cazoo Holdings Ltd
                                        Cazoo Ltd
                                        Imperial Cars of Swanwick Limited
                                        Cazoo Properties Limited
                                        Cazoo Subscription Services Limited
                                        Imperial Car Supermarkets Ltd
                                        Cazoo Group Ltd
                                        Carsa Holdings Ltd
                                        Carsaz Limited
                                        Capri Listco Limited
                                        Fantastic Cars Limited

 

Stephen holds 129,097 shares in boohoo.

 

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

 

 Enquiries

 boohoo group plc
 Pete Templeton, Group Finance Director                               Tel: +44 (0)161 233 2050
 Mike Cooper, Head of Investor Relations & Corporate Development      Tel: +44 (0)161 233 2050
 Mark Mochalski, Investor Relations                                   Tel: +44 (0)20 3239 6289

 Zeus - Nominated adviser and joint broker
 Andrew Jones / James Edis / Dan Bate                                 Tel: +44 (0)161 831 1512
 Benjamin Robertson                                                   Tel: +44 (0)20 3829 5000

 Jefferies - Joint broker
 Ed Matthews / Harry Le May                                           Tel: +44 (0)20 7029 8000

 HSBC - Joint broker
 Adam Miller / James Hopton                                           Tel: +44 (0)20 7029 8000

 Buchanan - Financial PR adviser                                      boohoo@buchanan.uk.com
 Richard Oldworth / 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 31
August 2023, the boohoo group had 17 million active customers across all its
brands around the world.

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