REG - Hostmore PLC - Directorate Change

HostmoreAnnouncement

26/01/2023 07:00

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RNS Number : 8992N  Hostmore PLC  26 January 2023

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26 January 2023

 

Hostmore plc

Change of Chairman

Hostmore plc ("Hostmore" or the "Company") announces that Gavin Manson will
retire as Chairman and as a non-executive director of the Company at the end
of the Annual General Meeting ("AGM") on 25 May 2023, to focus on his other
executive commitments.

The Board is pleased to announce that Stephen Welker, a current non-executive
director, has agreed to become Chairman-designate and will succeed Gavin as
Chairman at the conclusion of the AGM, subject to Stephen being elected as a
director at the AGM.

Upon being appointed Chairman-designate, Stephen will chair the Nominations
Committee and become a member of its Disclosure Committee.

David Lis, Hostmore's Senior Independent Director, said: "On behalf of the
Board, I would like to thank Gavin for the contribution he has made to
Hostmore. Gavin played an integral role in the demerger of the Company from
Electra Private Equity PLC and his experience, knowledge and leadership have
been greatly valued by us all. He goes with our best wishes for the future.

We are delighted to confirm the appointment of Stephen Welker as
Chairman-designate. Stephen brings unique strategic insight into our business,
which, combined with his financial, commercial and investor relations
expertise, will be invaluable as we grow and strengthen the business."

Gavin Manson, Chairman, said: "It has been a privilege to have served as
Chairman of Hostmore and I am pleased that Stephen will succeed me in this
role, given his understanding and knowledge of the business, along with his
other strengths. Though I remain a supportive significant shareholder, I will
now be focusing on my other executive commitments and wish everyone at the
Company all the best for the future."

Commenting on his appointment, Stephen Welker, Chairman-designate, added: "I
am pleased to have been asked to become Chairman of Hostmore and look forward
to working with the executive management team and the Board to help deliver on
the Company's key objectives.

It has been a pleasure to work with Gavin for a number of years and I wish him
the best in his future endeavours."

ENDS

Enquiries

Hostmore plc

Gavin Manson, Chairman
 
Tel: +44 (0)330 460 5588

Alan Clark, Chief Financial Officer

Email: enquiries@hostmoregroup.com (mailto:enquiries@hostmoregroup.com)

 

MHP

Oliver Hughes, Simon Hockridge, Eleni Menikou
                                    Tel:
+44 (0)203 128 8100

Email: Hostmore@mhpgroup.com (mailto:Hostmore@mhpgroup.com)

 

About Hostmore

Hostmore plc is a UK hospitality business which runs the American-themed
casual dining brand, 'Fridays' (formerly TGI Fridays), the cocktail-led bar
and restaurant brand, '63rd+1st', and the fast casual dining brand 'Fridays
and Go'.

 

The Group was established in 2021 to provide a platform for the development
and growth of attractive hospitality brands, defined by their iconic brand
experience and vibrant heritage.  Hostmore is focused on the organic growth
of its existing brands, alongside expanding through new, exciting concepts
which have roll-out potential.

 

Hostmore currently operates 91 sites in the UK, the majority of which are in
high footfall locations, including retail parks, shopping centres and city
centres.

https://www.hostmoregroup.com (https://www.hostmoregroup.com)

 

 

 

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