TheWorks.co.uk PLC Board Change (7558F)
20 Luglio 2021 - 8:00AM
UK Regulatory
TIDMWRKS
RNS Number : 7558F
TheWorks.co.uk PLC
20 July 2021
20 July 2021
TheWorks.co.uk plc
("The Works", the "Company" or the "Group")
Board Changes
TheWorks.co.uk plc, the multi-channel value retailer of arts,
crafts, toys, books and stationery, announces the following board
changes.
Following seven years' involvement with The Works, Dean Hoyle
has notified the Board that he intends to step down as Chairman
following the Company's AGM in September 2021. During his time as
Chairman, The Works has undergone significant growth, including the
opening of over 200 new stores and the development of our
profitable online store and multi-channel offering. Following the
IPO in 2018, Dean has overseen a successful change in management
and supported the business in navigating the significant challenges
posed by the COVID-19 pandemic. The business has come through the
worst of the pandemic and is in a position of financial strength,
with a strong leadership team; accordingly, Dean has decided that
now is the right moment to step down.
The Works is delighted to announce that Carolyn Bradley will
succeed Dean as Chair of the Board, with effect from 30 September
2021. On appointment, Carolyn will also Chair the Nomination
Committee and be appointed as a member of the Remuneration
Committee. Carolyn has extensive experience in executive and
non-executive roles in retail and consumer businesses, having spent
25 years at Tesco, as well as currently holding positions as an
Independent Non-Executive Director at B&M European Value Retail
S.A., Senior Independent Director of SSP Group plc and Marston's
PLC and Deputy Chair of Cancer Research UK. Carolyn's background in
retail and experience in brand and customer proposition make her
ideally suited to guide the business on the next stage of its
development.
Dear Hoyle, Chairman of The Works, commented:
"It has been a privilege to chair The Works since 2014, during
which time the business has undergone a significant transformation.
I am very proud of the important milestones reached, such as the
IPO and opening our 500(th) store, but more importantly I am
pleased with the journey The Works has been on more recently to
make it a more agile and modern version of the business that our
customers have always known and loved. The leadership team has
already proven itself capable of guiding the business through the
toughest of storms and despite the challenges posed by the pandemic
The Works has emerged as a stronger business. I remain fully
supportive of the business and its leadership and am sincerely
grateful to my colleagues for their support, their continuing hard
work and their 'can-do' spirit."
Carolyn Bradley, Chair designate, commented:
"The Works is a true champion of the high street and has grown
to become a successful multi-channel retailer. With its refocused
strategy, highly capable leadership team and a workforce of over
3,500 dedicated and passionate colleagues I have no doubt that The
Works will continue to go from strength to strength. I am delighted
to have been appointed Chair and look forward to working with the
rest of the Board and supporting the business through the next
stage of its growth."
Enquiries:
TheWorks.co.uk via Sanctuary
plc Counsel
Gavin Peck CEO
Steve Alldridge
CFO
Sanctuary Counsel
Ben Ullmann +44 7944 868288 theworks@sanctuarycounsel.com
Rachel Miller |
+44 7918 606667
|
Biography
Carolyn has extensive marketing and commercial experience from
her executive career with Tesco, where her roles included Group
Brand Director, UK Marketing Director, and Chief Operating Officer
for Tesco.com. Since leaving Tesco in 2013 she has held a number of
non-executive roles, which currently include Senior Independent
director and Rem Co Chair at the SSP Group plc, Senior Independent
director at Marston's PLC and NED at B&M European Value Retail
S.A. She is also a NED at Majid Al Futtaim Retail LLC and Deputy
Chair at Cancer Research UK. Carolyn graduated from Cambridge
University before joining Tesco, where she led many innovations
such as the Clubcard loyalty scheme, the 'Every Little Helps'
service campaign and the grocery home delivery business.
Listing Rule requirements
In accordance with the Listing Rule 9.6.13, the following
information is included:
Non-executive directorship held Dates applicable
----------------------------------------------- -----------------
Legal and General plc 2014 - 2018
Marston's PLC (Senior Independent director) 2014 - present
Majid Al Futtaim Retail LLC 2017 - present
SSP Group plc (Senior Independent director and 2018 - present
Rem.Co chair from February 2019)
B&M European Value Retail S.A. 2018 - present
There is no further information required to be disclosed
pursuant to LR 9.6.13.
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END
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