SAGA PLC Euan Sutherland appointed as Saga Group CEO (4348W)
11 Dicembre 2019 - 8:00AM
UK Regulatory
TIDMSAGA
RNS Number : 4348W
SAGA PLC
11 December 2019
11 December 2019
Saga plc
("Saga" or "the Group")
Directorate change
Euan Sutherland appointed as Saga Group CEO
Saga, the UK's specialist in products and services for people
aged 50 and over, is pleased to announce the appointment of Euan
Sutherland as Group Chief Executive Officer with effect from 6
January 2020. As announced earlier this year, Lance Batchelor is
retiring and will continue as a statutory Director until he leaves
the business on 31 January 2020.
Euan has substantial experience having led major consumer-facing
businesses, including financial services, through periods of
change, both in the UK and internationally. Most recently he was
the CEO of Superdry plc, the global digital brand, for five years.
In that time Euan led a strategy focused on customer insight,
innovation and digital, international and wholesale expansion.
Prior to this Euan was the Group CEO of The Co-op Group, the
mutual retailer, insurance and funeral services business where he
led a significant transformation programme resulting in a more
efficient and profitable business. Before that, he was Group COO
& CEO UK at Kingfisher plc, and also has a background in global
FMCG brands having worked at Mars and Coca-Cola earlier in his
career. He is a non-executive director of Britvic plc.
Patrick O'Sullivan, Chairman, said
"I am very pleased that Euan is joining Saga at this important
time in the development of the business. He has substantial
experience across several consumer-facing businesses that will be
invaluable as we continue the Saga transformation, with our
customers at the heart of our strategy.
"Alongside the recent appointments of Cheryl Agius as CEO of
Insurance and Gilles Normand as COO, the Board has every confidence
in the team now in place to lead and accelerate Saga's turnaround
strategy. On behalf of the Board I would like to thank Lance for
focusing on reinvestment over the last six years and for launching
our membership scheme, Saga Possibilities, and wish him well for
the future."
Euan Sutherland said
"I am hugely excited to join Saga. This is a unique British
brand that has a strong heritage, great people and significant
potential. I look forward to working with the Board and the whole
of the Saga team to further unlock this potential and deliver for
our customers and shareholders."
Euan does not currently have any interest in shares in Saga.
There is no further information which would require disclosure
under 9.6.13R of the Listing Rules of the UK Listing Authority.
ENDS
For further information please contact:
Saga plc
Mark Watkins, Investor Relations Director Tel: 07738 777 479
Email: mark.watkins@saga.co.uk
MHP Communications
Tim Rowntree/Simon Hockridge Tel: 020 3128 8742/8572
Email: saga@mhpc.com
Notes to editors
About Saga
Saga is a specialist in the provision of products and services
for life after 50. The Saga brand is one of the most recognised and
trusted brands in the UK and is known for its high level of
customer service and its high quality, award winning products and
services including cruises and holidays, insurance, personal
finance and publishing. www.saga.co.uk
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END
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