REG - Cake Box Holdings - Directorate Changes

Cake Box HoldingsAnnouncement

16/12/2024 07:00

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RNS Number : 1288Q  Cake Box Holdings PLC  16 December 2024

16 December 2024

Cake Box Holdings plc

("Cake Box" or the "Company" or the "Group")

 

Directorate Changes

Cake Box Holdings plc, UK's largest retailer of fresh cream celebration cakes,
today announces the following updates in relation to its board of directors
("Board").

 

Board Appointments

 

The Company is pleased to announce the following proposed two new Board
appointments which, subject to the satisfactory completion of the necessary
regulatory due diligence, are expected to take effect in early January 2025:

 

·    Catherine Nunn as a Non-Executive Director and as Chair of the ESG
Committee; and

·    Malar Velaigam as a Non-Executive Director and as Chair of the
Remuneration Committee.

 

 

Catherine Nunn

 

Catherine is a highly experienced CEO and retailer, having served as the UK
Retail Director for BP between 2011 and 2016, where she held full P&L
responsibility for the company's convenience and forecourt retail network
including the partnership with Marks & Spencer. Prior to this role,
Catherine held a variety of leadership positions in BP's European Retail
operations over a 21 year career with the company.

 

Since 2016 Catherine has been working with Lakeland Ltd and helping the
family-owned retailer develop and implement their strategic plans and vision.

 

Catherine is also Non-Executive Director of AIM quoted company H&T Group
plc and is a Non-Executive Board Member at the International Exhibition
Co-operative Wine Society Limited (The Wine Society).

 

Malar Velaigam

 

Malar Velaigam brings over 15 years of extensive experience in the capital
markets.  Malar Velaigam is currently Director at Dowgate Capital. Before
Dowgate, she was Director at RBC Capital Markets from 2022 - 2024 helping to
build its small and mid-cap presence. Prior to this she worked at Cavendish
Financial from 2013-2022, joining the Management Committee in her later years
where she advised on strategy and growth. Malar also serves as a Board Trustee
and Secretary of the Sea & Marine Cadets, an organisation regulated by the
Ministry of Defence.

 

Other Board Updates

 

Shaun Smith, independent Non-Executive Director, has indicated that he would
like to step down from the Board and the Board has agreed that he will leave
the Board on 31 December 2024. As previously announced, Alison Green is also
stepping down from the Board and this will also take effect from 31 December
2024.

 

The Board has instigated a search to find a further new Non-Executive Director
who can become the Chair of the Audit Committee and until that search is
completed Martin Blair, Chair of the Board will be the Chair of the Audit
Committee.

 

Martin Blair, Non-Executive Chair of Cake Box commented:

 

"I am delighted to warmly welcome Catherine and Malar. They will bring a
significant depth of talent and vast experience as leaders in their field to
Cake Box and I know their insights will play a significant part in helping
drive our continued performance and taking Cake Box to the next level in its
growth trajectory."

 

"I would like to thank Alison and Shaun for their hard work and valuable
counsel and useful insights and support. We wish them all the best."

 

For further information, please contact:

 

Cake Box Holdings plc
 
+44 (0) 20 4582 3500

Martin Blair, Chair

 

Shore Capital (Broker and NOMAD)
                            +44 (0) 20 7408 4090

Stephane Auton

Patrick Castle

Rachel Goldstein

Fiona Conroy - Corporate Broking

 

Gracechurch
Group
+44 (0) 20 4582 3500

Harry Chathli
 
      cakebox@gracechurchpr.com

Alexis Gore

 

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