REG - Mulberry Group PLC - Directorate Changes

MulberryAnnouncement

23/08/2022 07:00

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RNS Number : 8399W  Mulberry Group PLC  23 August 2022

Mulberry Group plc

Directorate Changes

Mulberry Group plc (the "Group" or "Mulberry") announces that non-executive
Chairman, Godfrey Davis, intends to step down from the board of directors (the
"Board") on 30 September 2022. The Board would like to put on record its
thanks for the outstanding contribution that Godfrey Davis has made to the
Group since joining in 1987, first as Finance Director, then Chief Executive
and latterly as Chairman. It is intended that Mr. Davis will remain associated
with Mulberry as life president in a non-board role to continue to allow the
Group to benefit from his extensive experience.

Andrew Christopher "Chris" Roberts, currently a non-executive Director, will
take up the position of non-executive Chairman with effect from 30 September
2022. At this time, he will resign from the audit and nominations and
remuneration committees of the Board.   Mr. Roberts, a Fellow of the
Chartered Association of Certified Accountants, was appointed to the Board on
6 June 2002. He has a broad experience of international property markets, the
branded luxury hospitality sector and global financial markets and is
currently managing director of Como Holdings (UK) Ltd, a company ultimately
owned by Mr Ong Beng Seng and Mrs Christina Ong, who also ultimately own
Chalice Limited, a 56.2 per cent shareholder in Mulberry.

The Board intends to appoint an additional independent non-executive Director
and name a Senior Independent Director in the near future.

Godfrey Davis, Outgoing Chairman, said:

"It has been a privilege to hold the position of Chairman of this iconic
British luxury brand. Over the past decade Mulberry has continued to innovate
and thrive, resonating with a growing global consumer base that desires
sustainable, quality craftsmanship.  The business is in a strong financial
position and I would like to take this opportunity to thank all my colleagues
and the whole team at Mulberry for their support over the years."

Thierry Andretta, CEO, said:

"I would like to thank Godfrey for the outstanding contribution he has made to
the Group. Over the past 10 years he has provided sound counsel, direction and
support to the Board of Directors and we wish him well for the future. I am
delighted to welcome Chris to the role of Chairman at Mulberry and am looking
forward to working more closely with him."

Chris Roberts, Incoming Chairman, said:

"Mulberry is a unique business that has continued to evolve while staying true
to its heritage as a sustainable luxury brand. I would like to thank Godfrey
for his terrific service to the Group, and I am looking forward to working
more closely with the Board and management to continue to drive forward our
strategy."

Enquiries:

 Mulberry Group plc                            Tel: +44 (0) 20 7605 6793

 Charles Anderson (Group Finance Director)

 Houlihan Lokey (Financial Adviser and NOMAD)  Tel: +44 (0) 20 7484 4040
 Tim Richardson

 Headland (Public Relations)                   Tel: +44 (0) 20 3805 4822
 Lucy Legh / Joanna Clark                      mulberry@headlandconsultancy.com

 Barclays (Broker)                             Tel: +44 (0) 20 3134 9801
 Nicola Tennent

 

The person responsible for arranging the release of this announcement on
behalf of Mulberry is Charles Anderson, Group Finance Director.

 

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