REG - Pets at Home Grp - Appointment of CEO

Pets at HomeAnnouncement

07/02/2022 07:00

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RNS Number : 8134A  Pets At Home Group Plc  07 February 2022

 

FOR IMMEDIATE RELEASE, 7 FEBRUARY 2022

Pets at Home Group Plc: Appointment of CEO

Pets at Home Group Plc, the UK's leading pet care business, is pleased to
announce the appointment of Lyssa McGowan as Group Chief Executive Officer
with effect from 1 June 2022.

Lyssa will succeed Peter Pritchard, who announced his intention last November
to step down from his role in Summer 2022 and will remain with the business
until 31 May 2022 to ensure a seamless transition. Lyssa will be appointed to
the Board as CEO Designate on 25 April 2022 prior to her appointment as CEO on
1 June 2022.

Lyssa is the outgoing Chief Consumer Officer at Sky UK Limited, with
responsibility for the Consumer business serving more than 10 million
customers and achieving over $10bn of revenue. Over the last 11 years, Lyssa
has led numerous business units to growth within Sky, both organically and
through M&A. She has broad experience of managing product, service and
subscription-led businesses, leveraging deep capabilities in new product and
service innovation, omnichannel development, marketing and customer experience
excellence, and data and digital transformation.

Lyssa was a non-executive director of the Board of Wm Morrison Supermarkets
plc until its recent sale to CD&R.

Ian Burke, Chairman of Pets at Home, commented:

 

 "On behalf of the Board, I am delighted to announce the appointment of Lyssa
as CEO of Pets at Home Group Plc. Lyssa brings strong corporate, strategic and
operational expertise across a range of consumer-facing businesses, and a
proven track record of growth at Sky, with significant experience in customer
and digital-first initiatives across multiple channels and sites."

"Following an extensive search process across internal and external
candidates, the Board believes that Lyssa has the requisite skills and
capabilities to lead Pets at Home as it executes its future growth strategy.
Lyssa's commercial and strategic experience will undoubtedly be of great
benefit to Pets at Home and I very much look forward to working with her."

Lyssa McGowan commented:

 

 "I am thrilled to be joining Pets at Home as CEO. It is a fantastic business
with a unique, integrated business model, and a strong purpose-led culture
fuelled by the shared passion of over 15,000 colleagues and Partners to care
for pets, and the people who love them. I am excited to work with the Board
and Executive Management Team to lead Pets at Home on its journey to being the
best pet care business in the world."

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulations (Regulation (EU) No.596/2014). For the purposes
of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055,
this announcement is being made on behalf of the Company by Roger Tejwani,
Director of Investor Relations & External Communication.

 

This disclosure is given in accordance with Listing Rule 9.6.11. There is no
further information to be disclosed under paragraph 9.6.13R of the Listing
Rules.

 

Remuneration

Lyssa McGowan's remuneration package will consist of a basic salary, benefits
and variable incentive arrangements which are in line with Pets at Home Group
Plc's Remuneration Policy.

 

The key elements of Lyssa McGowan's remuneration package are as follows:

·    Base salary of £580,000 which reflects the outgoing CEO's salary for
FY21 of £550,000 with an increase of 5.5%, applied. This is broadly in line
with the average salary increase awarded to the wider workforce in October
2021.

·    Pension contribution of 6.5% of base salary in line with our
Remuneration Policy and the outgoing CEO's remuneration package.

·    An annual bonus maximum award of 170% of base salary, in line with
our Remuneration Policy and the outgoing CEO's remuneration package.

·    A RSP maximum of 100% of base salary in line with our Remuneration
Policy.

·    Benefits will also be in accordance with the Remuneration Policy set
out in the 2021 Annual Report and Accounts and approved by shareholders at the
2020 AGM.

 

Enquiries

Pets at Home Group Plc:

Lucy Williams, Company Secretary

+44 (0)161 468 6688

 

Investor Relations

Pets at Home Group Plc:

Roger Tejwani, Director of Investor Relations & External Communication

+44 (0)1279 927022

Media Enquiries

Pets at Home Group Plc:

Natalie Cullington, Head of Media & Corporate Affairs

+44 (0)7974 594 701

Maitland/AMO:

Clinton Manning

+44 (0)7711 972662

Joanna Davidson

+44 (0)7827 254567

About Pets at Home

Pets at Home Group Plc is the UK's leading pet care business; our commitment
is to make sure pets and their owners get the very best advice, products and
care. Pet products are available online or from our 455 stores, many of which
also have vet practices and grooming salons. Pets at Home also operates a UK
leading small animal veterinary business, with 442 First Opinion practices
located both in our stores and in standalone locations. For more information
visit: http://investors.petsathome.com/ (http://investors.petsathome.com/)

 

Disclaimer

This trading statement does not constitute an invitation to underwrite,
subscribe for, or otherwise acquire or dispose of any Pets at Home Group Plc
shares or other securities nor should it form the basis of or be relied on in
connection with any contract or commitment whatsoever. It does not constitute
a recommendation regarding any securities. Past performance, including the
price at which the Company's securities have been bought or sold in the past,
is no guide to future performance and persons needing advice should consult an
independent financial adviser. Certain statements in this trading statement
constitute forward-looking statements. Any statement in this document that is
not a statement of historical fact including, without limitation, those
regarding the Company's future plans and expectations, operations, financial
performance, financial condition and business is a forward-looking statement.
Such forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially. These risks and uncertainties
include, among other factors, changing economic, financial, business or other
market conditions. These and other factors could adversely affect the outcome
and financial effects of the plans and events described in this statement. As
a result you are cautioned not to place reliance on such forward-looking
statements. Nothing in this statement should be construed as a profit
forecast.

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