REG - Kitwave Group PLC - Appointment of Non-Executive Director

KitwaveAnnouncement

30/01/2023 07:00

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RNS Number : 1722O  Kitwave Group PLC  30 January 2023

30 January 2023

Kitwave Group plc

 

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

 

Appointment of Non-Executive Director

 

Kitwave Group plc (AIM: KITW), the delivered wholesale business, is pleased to
announce the appointment of Teresa Octavio to the Board as Non-Executive
Director, with effect from 1 February 2023.

 

Teresa has a wealth of advisory and board experience and, throughout her
career, has been responsible for improving and developing companies' growth
strategy, culture, performance management, governance and organisational
effectiveness.

 

Teresa has held a number of executive roles at global businesses, including at
Kantar Consulting and consumer-facing multinationals Diageo plc and Procter
& Gamble. She has also acted as a board advisor at omnichannel company
DAME and as an independent advisor for a number of board and C-suite
individuals.

 

Teresa holds a Sloan Masters MSc in Leadership & Strategy from London
Business School, Digital Business Transformation certification from Imperial
College, and The Financial Times Non-Executive Director Diploma accreditation.

 

Paul Young, Chief Executive Officer of Kitwave, commented:

 

"On behalf of everyone at Kitwave, I am delighted to welcome Teresa to the
Board. Teresa brings significant experience and expertise, which will
complement the existing skill set across the Kitwave Board. Her insight will
be invaluable as the Group continues to grow both organically and through
acquisition. I look forward to working with Teresa and, together, delivering
value for the Group and its shareholders."

 

Miss Maria Teresa Octavio Ariznabarreta (aged 54), also known as Maria Teresa
Octavio or Teresa Octavio, has no current directorships or former
directorships within the past 5 years.

 

Save as set out above, there is no further information to be disclosed in
relation to Miss Octavio's appointment pursuant to AIM Rule 17 or paragraph
(g) of Schedule Two of the AIM Rules for Companies.

 

- Ends-

For further information please contact:

 Kitwave Group plc                                    Tel: +44 (0) 191 259 2277

 Paul Young, Chief Executive Officer

 David Brind, Chief Financial Officer

 www.kitwave.co.uk (http://www.kitwave.co.uk/)
 Canaccord Genuity Limited                            Tel: +44 (0) 20 7523 8150

(Nominated Adviser and Sole Broker)

 Bobbie Hilliam

 Yellow Jersey PR                                     Tel: +44 (0) 20 3004 9512

(Financial media and PR)

 Sarah Hollins

 Shivantha Thambirajah

 Bessie Elliot

Company Overview

Founded in 1987, following the acquisition of a single-site confectionery
wholesale business based in North Shields, United Kingdom, Kitwave is a
delivered wholesale business, specialising in selling and delivering impulse
products, frozen and chilled foods, alcohol, groceries and tobacco to
approximately 41,000, mainly independent, customers.

 

With a network of 30 depots, Kitwave is able to support delivery throughout
the UK to a diverse customer base, which includes independent convenience
retailers, leisure outlets, vending machine operators, foodservice providers
and other wholesalers, as well as leading national retailers.

The Group's growth to date has been achieved both organically and through a
strategy of acquiring smaller, predominantly family-owned, complementary
businesses in the fragmented UK grocery and foodservice wholesale market.
Recent acquisitions include M. J. Baker Foodservice Limited in February 2022
and WestCountry Food Holdings Limited in December 2022, both located in the
South West of England.

 

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London
Stock Exchange on 24 May 2021.

 

For further information, please visit www.kitwave.co.uk
(http://www.kitwave.co.uk/) .

 

 

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