REG - On the Beach Group - Completion of CEO Succession Plan

On Beach groupAnnouncement

30/06/2023 14:00

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RNS Number : 6000E  On the Beach Group PLC  30 June 2023

30 June 2023

On the Beach Group plc

("On the Beach" or the "Group")

 

Completion of CEO Succession Plan

 

Further to the announcement made on 31 March 2023, On the Beach Group plc
(LSE: OTB.L) announces that the following Board changes take effect today as
part of the Group's previously announced CEO Succession Plan:

 

·      Jon Wormald has joined the Board as Group Chief Financial
Officer;

·      Shaun Morton has replaced Simon Cooper as Chief Executive
Officer; and

·      Simon Cooper has transitioned to his new role of Founder Director
NED.

 

The Nomination Committee is progressing a search for an additional independent
Non-Executive Director to complement the existing balance of skills and
experience on the Board. Once this position is filled, the Board composition
will remain in line with the requirements of the UK Corporate Governance Code.
An update will be given at the appropriate time.

 

 

For further information:

 

 On the Beach Group plc                 via FTI Consulting
 Shaun Morton, Chief Executive Officer
 Jon Wormald, Chief Financial Officer

 FTI Consulting                         Tel: +44 (0)20 3727 1000

 Alex Beagley                           onthebeach@fticonsulting.com
 Fiona Walker
 Sam Macpherson
 Rafaella de Freitas

 

About On the Beach

 

On the Beach Group plc is one of the UK's largest online beach holidays
retailers, with significant opportunities for growth. Its innovative
technology, low-cost base and strong customer-value proposition provides a
structural challenge to legacy tour operators and online travel agents, as it
continues disrupting the online retail of beach holidays. Its model is
customer-centric, asset light, profitable and cash generative.

 

www.onthebeachgroupplc.com (http://www.onthebeachgroupplc.com/)

 

 

 

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