TIDMTHG
RNS Number : 5260Z
THG PLC
15 September 2022
15 September 2022
THG PLC
Appointment and Resignation of Non-Executive Directors
THG PLC ("THG" or the "Group"), the global proprietary
technology platform specialising in taking brands direct to
consumers ("D2C"), is pleased to announce the appointment of
Gillian Kent and Dean Moore as independent Non-Executive Directors.
Both will join the Board with effect from 15 September 2022.
Gillian has had a far-reaching career in software, internet,
digital media and mobile technology businesses and formerly held
various senior roles at Microsoft, including Managing Director MSN
UK, where she was responsible for creating one of the UK's largest
online services businesses. Both at Microsoft and in other roles,
including as Chief Executive Officer of the real estate portal
Propertyfinder, she established her expertise in building markets
and brands for products and services. Gillian is currently a
non-executive director at Ascential plc, Mothercare plc, Marlowe
plc and SIG plc, and former positions include non-executive
director at both Pendragon PLC and Dignity plc.
Dean is a chartered accountant with over 35 years of public
company experience and brings with him a depth of City and finance
knowledge, together with significant expertise in the financial
services and retail sectors. He was previously Chief Financial
Officer at Cineworld Group plc, N Brown Group plc, T&S Stores
PLC and Graham Group plc and formerly non-executive chairman of
Tuxedo Money Solutions Limited. He is currently the interim Chief
Financial Officer of Dignity plc (having been an independent
non-executive director upon appointment), a non-executive director
of Griffin Mining Limited, and Senior Independent Director at both
Cineworld Group plc and Volex PLC.
THG further announces that, after a long period of continued
service with the Group, Zillah Byng-Thorne, Senior Independent
Director, is stepping down from the Board with immediate effect,
together with Non-Executive Director Andreas Hansson. Damian
Sanders will assume the role of interim Senior Independent Director
as THG continues to reshape its leadership to ensure it is
best-placed to generate long-term value creation for shareholders.
As previously announced, the Board and Nomination Committee will
continue their search for suitable additional independent
Non-Executive Directors to further strengthen the Board as
appropriate.
The composition of certain Board Committees has been updated to
reflect these Board changes as follows:
-- Dean Moore has been appointed Remuneration Committee Chair.
Membership of the Remuneration Committee now comprises Dean Moore,
Damian Sanders and Iain McDonald.
-- Gillian Kent and Dean Moore have both been appointed to the
Audit Committee and membership now comprises Damian Sanders, Audit
Committee Chair, Gillian Kent and Dean Moore.
-- Gillian Kent has replaced Zillah Byng-Thorne as a member of
the Nomination Committee which now comprises Charles Allen,
Nomination Committee Chair, Iain McDonald and Gillian Kent.
-- In his capacity as interim Senior Independent Director,
Damian Sanders has replaced Zillah Byng-Thorne as Related Party
Committee Chair and Dean Moore has been appointed a member of the
Committee. Membership therefore comprises Damian Sanders and Dean
Moore.
-- Membership of the Risk Committee now comprises Gillian Kent
as Risk Committee Chair and Damian Sanders.
Charles Allen, Lord Allen of Kensington CBE, Independent Chair,
commented:
"On behalf of the Group, I would like to extend my gratitude to
both Zillah and Andreas for their valuable contributions during
their tenures with THG and wish them success in all their future
endeavours. At the same time I welcome Gillian and Dean to the
Board and very much look forward to working with them as we
continue to strengthen our leadership team, improve governance and
transparency and seek to enhance Board composition by improving
independence and diversity. The Board recognises the ongoing
importance of strong corporate governance to underpin and support
the long-term prospects of the Group and the appointment of these
new independent non-executives reinforces our key commitment in
this regard. Both bring extensive and relevant sector and plc Board
experience with them and have demonstrated strong track records in
business growth; their insight will be invaluable as we continue to
develop and refine the strategic drivers underpinning THG's future
growth."
For further information please contact:
Investor enquiries - THG PLC
Kate Grimoldby, Head of Investor Relations Investor.Relations@thg.com
Media enquiries -
Powerscourt - Financial PR adviser Tel: +44 (0) 20 7250
1446
Victoria Palmer-Moore/Nick Dibden/Nick thg@powerscourt-group.com
Hayns
THG PLC
Viki Tahmasebi Viki.tahmasebi@thg.com
ENDS
Notes to editors
THG ( www.thg.com ) is a vertically integrated, global,
digital-first consumer brands group, retailing its own beauty and
nutrition brands, plus leading third-party brands, via its
proprietary, end-to-end, e-commerce technology, infrastructure and
brand-building platform (THG Ingenuity). THG's business is operated
through the following businesses:
THG Ingenuity : Ingenuity Commerce provides end-to -end
technology services charged to third party clients for digital
commerce solutions. Ingenuity Infrastructure underpins the
Ingenuity Commerce offering, and is charged to third parties as a
single stand-alone service. S ervices include hosting, content
creation through THG Studios, translation services and beauty
product development and manufacturing.
THG Beauty : The global ly pre-eminent digital-first brand
owner, retailer and manufacturer in the prestige beauty market,
combining its portfolio of eight owned brands across skincare,
haircare and cosmetics, the provision of a global route to market
for over 1,300 third-party beauty brands through its portfolio of
websites, including Lookfantastic, Dermstore, Cult Beauty and
Mankind and the beauty subscription box brand GLOSSYBOX.
THG Nutrition : A group of digital-first Nutrition brands, which
includes the world's largest online sports nutrition brand
Myprotein, and its family of brands (Myvegan, Myvitamins, MP
Clothing and Myprotein Pro), with a
vertically integrated business model, supported by six THG production facilities.
THG OnDemand : Personalisation and customisation services to
major brands and global publishing houses, typically under
licensing agreements, enabling brands to offer unique products to
consumers through websites including Zavvi, IWOOT and Pop in a
Box.
Other : Luxury D2C websites including Coggles, AllSole and
MyBag, as well as THG Experience, which comprises prestige
locations at Hale Country Club & Spa, King Street Townhouse
Hotel and Great John Street Hotel, providing deeply experiential
brand building environments, most notably in support of THG
Society, the Group's proprietary influencer marketing platform.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBKQBPBBKBFCD
(END) Dow Jones Newswires
September 15, 2022 02:01 ET (06:01 GMT)
Thg (LSE:THG)
Historical Stock Chart
From Oct 2024 to Nov 2024
Thg (LSE:THG)
Historical Stock Chart
From Nov 2023 to Nov 2024
