REG - Huddled Group PLC - Board Changes

HuddledAnnouncement

01/07/2025 07:00

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RNS Number : 0863P  Huddled Group PLC  01 July 2025

1 July 2025

 

Huddled Group plc

 

("Huddled", the "Company" or the "Group")

 

Board Changes

 

 

Huddled Group plc (AIM:HUD), the circular economy e-commerce group, is pleased
to announce certain changes to its board of directors (the "Board").

 

Following Sir Robin Miller's decision to step down as Non-Executive Chairman
at yesterday's AGM, Martin Higginson will take on the position of Executive
Chairman with immediate effect.

 

Michael Ashley, who joined the Board as an Independent Non-Executive Director
in March 2025, will assume the role of Chief Executive Officer. Since joining
the Board, Michael's extensive retail experience and strategic insight have
been invaluable, prompting the Board to invite him to assume an executive
role.

 

Following the above changes, the Board now comprises:

 

-     Martin Higginson, Executive Chairman

-     Michael Ashley, Chief Executive Officer

-     Dan Wortley, Chief Financial Officer

-     Paul Simpson, Chief Operating Officer

-     Nicholas Lee, Independent Non-Executive Director

 

The Board is conscious that after these changes, the Company is left with only
one independent non-executive director. The Board intends to recruit an
additional independent non-executive director as soon as a suitable candidate
is identified, the search for which is currently underway.

 

Martin Higginson, Executive Chairman of Huddled Group plc, commented: "I would
like to thank Sir Robin Miller for his outstanding contribution as
Non-Executive Chairman and his unwavering support of Huddled since IPO. I am
delighted to welcome Michael Ashley as our new Chief Executive Officer. Since
joining the board in March, Michael has already demonstrated the depth of
retail expertise and strategic insight that will be invaluable to the
business. I look forward to working closely with Michael in my new role as
Executive Chairman to drive the next phase of Huddled's development."

 

Michael Ashley, Chief Executive Officer of Huddled Group plc, commented: "I am
honoured to take on the role of Chief Executive Officer at such an exciting
time for Huddled. The circular economy represents a significant and growing
opportunity, and I believe Huddled is uniquely positioned to capitalise on
this trend. Having spent the past few months working closely with the team and
understanding the business in detail, I am excited about the value we can
create for all stakeholders. I look forward to building on the strong
foundations laid by the team and driving sustainable growth across the Group."

 

 

 

Enquiries:

For further information please visit www.huddled.com/investors, or contact:

 

 Huddled Group plc                             investors@huddled.com

 Martin Higginson

 Michael Ashley

 Daniel Wortley

 Paul Simpson

 Zeus (Nominated Adviser and Sole Broker)      Tel + 44 (0) 203 829 5000

 James Hornigold                               (Investment Banking)

 Nick Cowles,                                  (Corporate Broking)

 Alex Campbell-Harris

 Dominic King

 Alma Strategic Communications (Financial PR)  huddled@almastrategic.com

 Rebecca Sanders-Hewett

 Sam Modlin

 

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