REG - Ten Lifestyle Group - Board Changes

Ten LifestyleAnnouncement

29/06/2023 07:00

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RNS Number : 3032E  Ten Lifestyle Group PLC  29 June 2023

29 June 2023

Ten Lifestyle Group plc

("Ten" or the "Company")

Board Changes

 

Ten Lifestyle Group plc (AIM: TENG), the platform driving customer loyalty for
global financial institutions and other premium brands, today announces that
Bruce Weatherill will be stepping down as Chair of the Board in the autumn,
after six years, due to ill health.

 

After due consideration, the Board has decided that Jules Pancholi,
Non-Executive Director, will succeed Bruce Weatherill as Chair at that time.

 

Jules Pancholi is currently a Non-Executive Director of the Company and brings
extensive experience in driving value creation through growth, technology and
product-market fit. His prior experience includes being a non-executive
director of Skyscanner and Chair of Oritain, along with other executive and
non-executive positions.

 

Due to the above, Ten also announces the following changes to the Board's
committees: Jules Pancholi will be appointed to the Audit & Risk
Committee; and Gillian Davies, Non-Executive Director, will be appointed to
the Nomination Committee, both with immediate effect.

 

The Board has commenced a process to identify and appoint a new Non-Executive
Director.

 

Alex Cheatle, CEO of Ten Lifestyle Group, said:

 

"I am saddened by Bruce's decision to stand down, but wholeheartedly support
his decision to prioritise his health. Bruce has been an outstanding Chairman
for six years, has demonstrated a clear vision, strategic focus, and fostered
a positive governance culture.

As we look ahead, Jules will assume the role of Chair. With his existing
knowledge of the business and expertise in technology, Jules is well-equipped
to lead the Board."

- End -

 

 

For further information, please visit https://www.tenlifestylegroup.com/
(https://www.tenlifestylegroup.com/)  or contact:

 

 Ten Lifestyle Group Plc                       +44 (0)20 7850 2796

 Alex Cheatle, Chief Executive Officer

 Alan Donald, Chief Financial Officer

 Peel Hunt LLP, Nominated Advisor and Broker   +44 (0) 20 7418 8900

 Paul Gillam

 James Smith

 

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com)  partners with
global financial institutions and other premium brands to attract and retain
wealthy and mass affluent customers.

Millions of members have access to Ten's services across lifestyle, travel,
dining, entertainment and retail benefits on behalf of over fifty clients
including HSBC, Coutts, Morgan Stanley and Royal Bank of Canada. Ten's
partnerships are based on multi-year contracts generating revenue through
platform-as-a-service and technology fees.

Ten's operations are underpinned by an increasingly sophisticated
personalisation platform comprising industry-first, proprietary technology,
thousands of supplier relationships and 25 years of proprietary expertise
delivered from over 20 global offices.

Ten is on a mission to become the most trusted service platform in the
world.

For further information please go to: www.tenlifestylegroup.com
(http://www.tenlifestylegroup.com/) .

 

 

 

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