THG PLC Directorate Change (1399X)
April 24 2023 - 2:00AM
UK Regulatory
TIDMTHG
RNS Number : 1399X
THG PLC
24 April 2023
24 April 2023
THG PLC
Directorate Change
THG strengthens Board with appointment of Sue Farr as Senior
Independent Director
THG PLC ("THG" or the "Group") today announces that Sue Farr has
been appointed Senior Independent Director of THG with immediate
effect.
Sue is a highly experienced FTSE 100, 250, Small Cap and AIM
board member. Following a successful career in media, advertising
and marketing, she has spent 16 years in various non-executive
director roles.
Her current non-executive directorships include Senior
Independent Director at British American Tobacco plc, Interim
Senior Independent Director and Chair of the Remuneration Committee
at Lookers plc, Non-Exec and Chair of the Remuneration Committee at
Helical plc and Non-Exec at Accsys Technologies plc (where she also
formerly served as Chair of the Remuneration Committee). Sue plans
to step down from her role at Accsys at the forthcoming AGM having
served for nine years. During the past five years she has also held
non-executive directorships at Dairy Crest plc and Millennium &
Copthorne Hotels plc.
The Board would like to thank Dean Moore for undertaking the
role of Senior Independent Director on an interim basis. Dean
remains interim Chair of the Audit Committee.
Charles Allen, Lord Allen of Kensington CBE, Independent Chair,
commented :
"I am delighted that we have been able to attract someone of the
calibre of Sue Farr, who has had an impressive executive career
across a number of consumer, media and marketing businesses, and
has since gone on to demonstrate her skills as an experienced
Senior Independent Director and committee Chair.
"Building on the progress made over the last 12 months, this
appointment is consistent with the Board's stated intention to
continue to improve Corporate Governance and enhance its
composition by improving independence and diversity.
"The Board and I look forward to working with Sue and benefiting
from her knowledge, skills and experience."
Sue Farr, Senior Independent Director, commented :
"I am pleased to be joining THG at such an exciting time for the
Group as it continues to grow and to scale globally. THG is a
business I have long admired and I look forward to working with
Charles and the rest of the Board on this next stage in the Group's
journey."
For further information please contact:
Investor enquiries - THG PLC
Greg Feehely, SVP Investor Relations investor.relations@thg.com
Kate Grimoldby, Director of Investor
Relations and Strategic Projects
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 is a vertically integrated, digital-first consumer brands
group, retailing its own brands in beauty and nutrition, plus
third-party brands, via its proprietary, end-to-end, e-commerce
technology, infrastructure and brand-building platform (THG
Ingenuity) to an online and global customer base. THG's business is
operated through the following businesses:
THG Beauty : The globally pre-eminent digital-first brand owner,
retailer and manufacturer in the prestige beauty market, combining
its prestige 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 brands (Myvegan, Myvitamins, MP
Activewear and MyPRO), with a vertically-integrated business model,
supported by global THG production facilities.
THG Ingenuity: Ingenuity provides a complete digital commerce
solution for consumer brand owners on its three pillars of
technology, digital and operations. Being part of the THG group, a
global digital brand owner in Beauty & Nutrition, Ingenuity is
uniquely placed to bring relevant, practical and international
expertise in every area of commerce.
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END
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