REG - Marston's Plc - Directorate Change

Marston'sAnnouncement

27/11/2023 07:00

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RNS Number : 6600U  Marston's PLC  27 November 2023

MARSTON'S PLC (the "Company")

Directorate Change - Appointment of Rachel Osborne as non-executive director

 

27 November 2023

 

 

Marston's PLC announces that Matthew Roberts, who has served as a
non-executive director and Chair of the Audit Committee since 2017, will
retire from the Board with effect from 23 January 2024, after conclusion of
the Company's AGM.  The Board extends its thanks to Matthew for his valuable
contribution and hard work during his time with the Company.

 

Marston's PLC is also pleased to announce the appointment of Rachel Osborne,
who will join the Board as an independent non-executive director and Chair of
the Audit Committee with effect from 23 January 2024.  Rachel will join the
Nomination and Remuneration Committees at the same time.

 

Until last year, Rachel served as Chief Executive Officer of Ted Baker and is
currently a non-executive director and Chair of the Audit Committee at Ocado
Group plc.  In addition, Rachel is a qualified Chartered Accountant and
brings a wealth of recent and relevant financial, consumer and retail
experience to the Board, having previously served as the Chief Financial
Officer of multiple listed companies including Ted Baker, Debenhams plc and
Domino's Pizza Group.

 

William Rucker, Chair, said:

 

"On behalf of the Board, I am very pleased to welcome Rachel to Marston's. She
brings strong financial and audit experience as well as broader commercial and
operational expertise which will add considerable value to our Board. I would
also like to thank Matthew for his valuable contribution over the past 7 years
and wish him all the best for the future."

 

 

ENQUIRIES:

 Marston's PLC              via Instinctif                Instinctif Partners          Tel: 020 7457 2020
 William Rucker, Chair                                    Justine Warren

                                                          Matthew Smallwood

                                                          Joe Quinlan

 

Notes to Editors:

1.    Marston's is a leading pub operator with a 40% holding in Carlsberg
Marston's Brewing Company.

2.    It operates an estate of 1,415 pubs situated nationally, comprising
managed, franchised and leased pubs.

3.    Marston's employs around 11,000 people.

4.    Rachel Osborne was Chief Executive Officer at Ted Baker (which was
acquired by Authentic Brands Group in 2022) until 15 June 2023, and was
previously Chief Financial Officer at Ted Baker plc, Debenhams plc and
Domino's Pizza Group plc, and held Finance Director roles at Vodafone Group
plc and John Lewis Partnership. She was a non-executive director of Dunelm
Group plc in 2018 but stepped down, as this would have been a conflict, when
she joined Debenhams plc.

5.    For the purposes of Listing Rule 9.6.13(1)R, Rachel Osborne was a
non-executive director of Dunelm Group plc within the previous five years but
no longer holds this position.

6.    For the purposes of Listing Rule 9.6.13(3)R, Rachel was a Director at
the time the following Debenhams entities went into administration/compulsory
liquidation:

·           Debenhams plc - went into administration in April 2019
and compulsory liquidation in May 2020, part of the financial restructuring
and move from a publicly listed entity into the private sector;

·           Department Stores Realisation (Properties) Limited
(formerly Debenhams Properties Limited) - compulsory voluntary arrangement May
2019, administration April 2020;

·           Department Stores Realisations Limited (formerly
Debenhams Retail Limited) - compulsory voluntary arrangement May 2019,
administration April 2020; and

·           Celine Group Holdings Limited (formerly Debenhams Group
Holdings Limited) - administration August 2020.

7.    In accordance with the Listing Rules, there are no additional matters
that would require disclosure under 9.6.13R of the Listing Rules of the UK
Financial Conduct Authority.

 

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