REG - Moonpig Group plc - CEO Succession

MoonpigAnnouncement

26/06/2025 07:00

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RNS Number : 4547O  Moonpig Group plc  26 June 2025

26 June 2025

Moonpig Group plc

CEO Succession

Moonpig Group plc (the "Group") today announces that Nickyl Raithatha has
informed the Board of his intention to step down as Chief Executive Officer
("CEO") after seven years in the role.

Nickyl's notice period is twelve months and the Board has commenced a search
for his successor. Nickyl will continue to lead the Group as CEO while a
successor is appointed and will ensure a smooth transition.

Kate Swann, Chair, commented:

"I would like to thank Nickyl for his service and contribution as CEO,
including leading the Group to a successful IPO on the London Stock Exchange
in 2021. Under his leadership, the Group has reinforced its position as the
category-defining online platform for greeting cards and gifting. Nickyl
leaves the Group in a strong position, with the Group's FY25 results
showcasing another year of strong earnings growth and high free cash flow. The
Board remains confident in the opportunities ahead.

Nickyl has built a seasoned leadership team that will drive strong execution
continuity during the transition.  We are well prepared from a succession
perspective and will continue to work closely with Nickyl as we look to
appoint his successor."

Nickyl Raithatha, CEO, commented:

"After seven years as CEO, I am proud to leave the Group in a strong position
as the clear leading platform in cards and gifts across both the UK and the
Netherlands, with a loyal and growing customer base, driven by our innovations
in technology, data and AI. It has been a privilege to work alongside such a
talented group of people. Together, we have grown the business, listed on the
London Stock Exchange, and expanded into new markets. As today's full-year
results show, the business is in excellent shape, with strong momentum, an
experienced senior leadership team, and significant growth potential.

Until I hand over to my successor, I remain focused on executing our strategic
priorities and continuing to deliver sustained growth and long-term value for
shareholders."

This announcement is made pursuant to Listing Rules 6.4.6R. It also contains
information that qualifies or may qualify as inside information within the
meaning of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it
forms part of English law by virtue of the European Union (Withdrawal) Act
2018.

Enquiries

 

 Moonpig Group                            investors@moonpig.com, pressoffice@moonpig.com
 Kate Swann, Chair
 Andy MacKinnon, Chief Financial Officer

 Brunswick Group                          +44 20 7404 5959, moonpig@brunswickgroup.com
 Helen Smith, Lana Serebryana

 

About Moonpig

 

Moonpig Group plc (the "Group") is a leading online greeting cards and gifting
platform, comprising the Moonpig, Red Letter Tel: +44 (0) 20 7653 4000and
Buyagift brands in the UK and the Greetz brand in the Netherlands. The Group's
leading customer proposition includes an extensive range of cards, a curated
range of gifts, personalisation features and next day delivery offering.

 

The Group offers its products through its proprietary technology platforms and
apps, which utilise unique data science capabilities designed by the Group to
optimise and personalise the customer experience and provide scalability.
Learn more at https://www.moonpig.group/.

 

 

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