REG - ProCook Group PLC - Board changes

PROCOOKAnnouncement

13/10/2022 07:00

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RNS Number : 7211C  ProCook Group PLC  13 October 2022

13 October 2022

ProCook Group plc

 

Board changes

 

ProCook Group plc ("ProCook" or "the Group"), the UK's leading
direct-to-consumer specialist kitchenware brand, today announces an update on
Board changes.

Following the announcement on 26 September 2022, that Steve Sanders intends to
retire, the Board has decided not to replace his role on the Plc Board and has
reviewed the optimal Board structure for the Group in order to remain in line
with best corporate governance practice, without extraneous cost.

In the process of those discussions, Gillian Davies has indicated her
intention to resign from the board.  In order to affect a smooth handover of
her role as Chair of the Audit Committee, Gillian will step down from the
Board following the announcement of the Group's half year results, which is
expected to be in mid December 2022. David Stead, the Group's Senior
Independent Director, will take over the role of Chair of the Audit and Risk
Committee and Luke Kingsnorth will assume David's current role of Chair of the
Remuneration Committee at that time.

Steve Sanders will stand down from the Plc board on the same day as Gillian,
although he will continue in his role as Chief Operating Officer until Spring
2023, as previously announced.

 

Greg Hodder, Chairman of ProCook, commented:

"On behalf of the Board, I would like to thank Gillian for her highly valuable
insight and diligent scrutiny which has made her an enormously effective Chair
of the Audit Committee.  She has been a delight to work with. We are all
grateful for her contribution to the Board and we wish her well with her other
roles.

"I would also like to express my sincere gratitude to Steve for his commitment
and dedication to ProCook over the last seven years during which time he has
been instrumental to the growth and success of the business. I look forward to
continuing to work with Steve over the coming months before wishing him well
for his retirement in Spring 2023."

 

For further information please contact:

 ProCook Group plc                                       investor.relations@procook.co.uk

 Daniel O'Neill, Chief Executive Officer & Founder

 Dan Walden, Chief Financial Officer

 

 MHP Communications (Financial PR Adviser)                                                      procook@mhpc.com

 Katie                                                                                          Tel: +44 (0)7711 191 518
 Hunt

 Catherine Chapman

 

Notes to editors

ProCook is the UK's leading direct-to-consumer specialist kitchenware brand.
ProCook offers a direct-to-consumer proposition, designing, developing, and
retailing a high-quality range of cookware, kitchenware and tableware which
provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through
56 own-brand retail stores, located across the UK. ProCook products are also
available in Germany and France with delivery options extending to Belgium,
Austria, Luxembourg, the Netherlands, and Poland.

Founded over 25 years ago as a family business, selling cookware sets by
direct mail in the UK, ProCook has grown into a market leading, multi-channel
specialist kitchenware company, employing over 600 colleagues, and operating
from its Head Office in Gloucester.

ProCook has been listed on the London Stock Exchange since November 2021
(PROC.L).

Further information about the ProCook Group can be found at
www.procookgroup.co.uk

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