Van Elle Holdings PLC Directorate Change (1669X)
November 22 2017 - 2:01AM
UK Regulatory
TIDMVANL
RNS Number : 1669X
Van Elle Holdings PLC
22 November 2017
22 November 2017
Van Elle Holdings plc
("Van Elle" or the "Group")
Directorate change
Van Elle announces today that Jon Fenton, Chief Executive
Officer, has unfortunately informed the Board that due to a serious
medical matter within his close family, which has become acute in
recent weeks, he will need to commit an increasing amount of time
to support his family in the future. In light of this and in order
to ensure that the Company's future development will not be
affected, Jon has, regrettably, informed the Board that he wishes
to step down as a Director once a suitable replacement has been
found.
Accordingly, the Board is initiating a formal process to recruit
a new Chief Executive and Jon will remain with the business through
this period, continuing to work closely with the wider senior
management team and non-executive directors, to ensure a smooth
handover.
Adrian Barden, Chairman of Van Elle, commented:
"Jon has played an important role in the significant growth and
development of the Company in recent years for which we are very
grateful. He and the management team have delivered a robust
performance in the first half and the Group is well placed for the
future.
"Whilst we are disappointed that Jon cannot continue as Chief
Executive in the long term, the Board understands and supports Jon
and his family in this decision. Van Elle is fortunate to have
strength and depth across our management team and whilst Jon will
remain in post until his successor is appointed, we have organised
responsibilities amongst the team to ensure continuity and also to
allow Jon to take time away from the Company as required."
Enquiries:
Instinctif Partners (Financial
Public Relations) 020 7457 2020
Mark Garraway
James Gray
Rosie Driscoll
Peel Hunt LLP (Nominated Adviser
and corporate broker) 020 7418 8900
Charles Batten
Mike Bell
Justin Jones
Market Abuse Regulation
The information contained within this announcement is deemed by
Van Elle to constitute inside information as stipulated under the
Market Abuse Regulation. Upon the publication of this announcement
via a regulatory information service, this inside information is
now considered to be in the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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