REG - Card Factory PLC - Directorate Change

Card FactoryAnnouncement

09/12/2022 07:00

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RNS Number : 1428J  Card Factory PLC  09 December 2022

9 December 2022

Card Factory plc

('Card Factory' or 'the Company')

Board Changes

Card Factory, the UK's leading specialist retailer of greeting cards, gifts,
wrap and bags, announces that Octavia Morley has advised the Company that she
intends to step down from the Board at the end of the current financial year
(i.e. 31 January 2023).

Octavia joined the Card Factory board in April 2014, fulfilling the roles as
Senior Independent non-Executive Director and Chair of the Remuneration
Committee.

Card Factory is pleased to announce that Roger Whiteside has agreed to assume
the role as Senior Independent non-Executive Director and Indira Thambiah will
be appointed Chair of the Remuneration Committee, with effect from 1 February
2023.

The Board consider the balance of skills and experience of Board to be
appropriate for its current requirements and therefore are not planning to
recruit a further non-executive director at this time.

 

Paul Moody, Chairman, commented:

"On behalf of the Board, I would like to thank Octavia for her invaluable
contribution to Card Factory over the past nine years. Octavia has always
provided clear counsel and commercial insight to the Board and as chair of the
Remuneration Committee has helped navigate us through the increasingly tricky
landscape of executive remuneration. I have enjoyed working with Octavia and
very much appreciated her pragmatism, courage and direct engagement on,
sometimes, challenging issues.

We wish Octavia continued success with her non-executive portfolio."

 

Enquiries

 

Card Factory
plc
via Tulchan Communications (below)

Darcy Willson-Rymer, Chief Executive Officer

Kris Lee, Chief Financial Officer

 

Tulchan
Communications
+44 (0) 207 353 4200

James Macey White / Toby Zeal
                cardfactory@tulchangroup.com
(mailto:cardfactory@tulchangroup.com)

 

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