Result of AGM & Board & Senior Management changes
01/02/2023 07:00
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RNS Number : 5492O Zamaz PLC 01 February 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT
TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK
MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS
DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
1 February 2023
Zamaz plc
"Zamaz", "the Company" or "the Group"
Result of Annual General Meeting
&
Board and Senior Management Changes
At the Annual General Meeting of Zamaz plc, the London-based international
e-commerce and retail technology aggregator of sustainable brands, held
yesterday, all resolutions put to shareholders were unanimously passed,
including a number of Board changes.
The General Meeting approved the following Board changes:
Martin Groak, (Chairman), and Daniele Besnati, (COO), who retired in
accordance with Company's Articles of Association, have been re-elected to the
Board. Christopher Hill, (CEO), who also retired, did not seek re-election to
the Board but will remain with the Company, focused on sourcing and acquiring
retail and e-commerce businesses and brands. Mr Besnati will be taking over
the role of Group CEO (previously COO).
Dominic White, who is the Company's largest beneficial shareholder, has been
appointed to the Board as a non-executive director. He was previously Chairman
of the Company from its formation until November 2021. Dominic is a Member of
the Institute of Financial Analysts and has over 25 years' experience in the
investment sector. He has held Board level investment positions at
international institutions including Security Capital, European Realty,
Henderson Global Investors and Cordea Savills Invest Management and is
currently Chairman of Eight Capital Partners plc, an international
tech-orientated financial services group listed on the AQSE Growth Market;
Dr. Niccolo` Caderni has also been appointed as an independent non-executive
director. After an academic career in Astrophysics at the Universities of
Cambridge, California and Chicago, Dr Caderni has since established a
life-long practice in the financing and management of innovation and
creativity. He has covered senior executive roles with Bankers Trust, Phillips
Fine Art Auctioneers, the Bentinck Thyssen family office, and has served on
the Board of the Centre for European Policy Studies in Brussels. In 1999 he
co-founded IPG, an incubator focusing on the delivery of digital content and
was later elected Chairman of Webiz BV, the Private Equity fund of Italian
utility giant ENEL. Currently, Dr Caderni holds a portfolio of advisory and
non-executive roles, chiefly in digital transformation and in life science, is
a member of the European Institute of Technology Culture and Creativity
Supervisory Board, and is the Chairman of RAFT, a leading medical research
charity and a Trustee of the Chelsea Academy Foundation.
Other management changes
The Company also announces:
Committee changes
Dominic White takes over from Daniele Besnati as Chairman of the Nominations
Committee and joins the Remuneration Committee in place of Chris Hill. He also
takes the chair of the Disclosure Committee.
Senior Financial Management
Elena Schiavio has been appointed Chief Financial Officer (Non-Board). She has
taken over the role from Jean-Christophe Agnésina who is continuing to work
with the Group in a consulting capacity.
Elena, an Italian chartered accountant, has more than 20 years of experience
in financial administration and an extensive background of working within
listed companies, having held multiple CFO positions. She also has
considerable international tax, HR, corporate reorganisation and business
restructuring experience, working in both Italy and London. She holds a degree
in Economics from University Cattolica Sacro Cuore, and a Master's degree from
University LIUC, Castellanza.
Commenting on the Board and senior management changes, Martin Groak, Zamaz
Chairman, said:
"I am delighted to welcome Dominic and Niccolo to the Board. Between them,
their many years' experience of global capital markets, fund management and
the financing and management of innovation and creativity will be of great
value to Zamaz as the business expands internationally. Dominic has been a
supporter of Zamaz since its inception, and recognised from an early stage the
huge potential within the business, while Niccolo's academic and commercial
reputation across numerous disciplines will undoubtedly help us to expand and
strengthen our brand portfolio.
"The Board would also like to take this opportunity to thank Chris for his
services as an executive director of the Company over the past 12 months, and
for his tremendous contribution during the listing process. We look forward to
continuing to work with him in his new role."
"I am also very pleased to welcome Elena to our senior management team as
Chief Financial Officer. Her extensive financial and operational experience
gained across a variety of senior administrative roles will be of great value
as we build on Jean-Christophe's excellent groundwork to fully integrate our
recent acquisitions. We look forward to converting more of our acquisition
pipeline in what we expect to be a busy 2023."
For the purposes of UK MAR, the person responsible for arranging release of
this announcement on behalf of Zamaz is Martin Groak, Chairman.
Enquiries:
Zamaz plc www.zamaz.tech
Martin Groak, Chairman c/o Walbrook PR Limited
Walbrook PR Limited
Paul Vann/Nick Rome/Joe Walker Tel: 020 7933 8780
or 07768 807631
zamaz@walbrookpr.com
About Zamaz
Zamaz is a technology driven e-commerce business that originates, acquires or
licenses, operates and scales small and medium-sized brands with
category-winning products on global marketplaces. With ever prolific
customer data sources, the advent of turnkey e-commerce website platforms,
such as Shopify, and a thriving ecosystem of third-party software integrators,
the options available to launch and build brands that can be marketed, sold,
and shipped online quickly and globally with limited risk have never been more
compelling. Such marketplaces, led by Amazon and eBay, also provide connection
to millions of consumers, and have become a first-choice route-to-market for a
generation of micro and small and medium-sized enterprise businesses.
Zamaz mines and analyses data from such online retail technology platforms
which provide significant insights into consumer shopping behaviour and trends
and enable the business to deploy, market and sell an optimised portfolio of
brands, products, packs and prices aligned with active, real-time consumer
needs and demands principally on UK and EU Amazon marketplaces.
About Bella Dispensa
Bella Dispensa, a wholly-owned subsidiary of Zamaz, is an Italian-based online
retailer of gourmet Italian food products which operates in one of the fastest
growing online sectors, grocery shopping. The extensive relationships that
Bella Dispensa enjoys with its niche food suppliers makes it a strong addition
to the Zamaz Brand Portfolio and will give Zamaz the opportunity to showcase
and sell Bella Dispensa sourced products on its online platform.
Bella Dispensa has already made two acquisitions since Zamaz listed on the
Main Market of the London Stock Exchange: Ecocarni, a purveyor of premium
quality meats and associated products sourced from Italy and Argentina to both
wholesale and retail customers, from its flagship store in Milan and
Eccellenze S.r.l. which has a retail store located on Milan's prestigious
Corso Venezia, one of the city's most exclusive and elegant avenues, being
part of the upscale Quadrilatero della moda shopping district. Recently
established in Q4 2021, Eccellenze has grown rapidly, and now offers over
1,000 premium quality food products in-store, including cheese, pasta, wine
and oil. Its highly experienced management team has also developed a unique
eno-gastronomic "lifestyle shopping experience" for its growing, highly
discerning client base.
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