Angling Direct PLC Board Changes (4003C)
10 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMANG
RNS Number : 4003C
Angling Direct PLC
10 February 2020
10 February 2020
Angling Direct plc
("Angling Direct" or the "Company")
Board Changes
Angling Direct plc (AIM: ANG.L), the largest specialist fishing
tackle and equipment retailer in the UK, announces that after 17
years of leading the business, Darren Bailey has decided to step
down from his role as CEO with immediate effect. Darren will remain
on the Board as a Non-Executive Director. Andy Torrance, who joined
the Company in October 2019 as a Non-Executive Director, has been
appointed as the Company's new CEO.
Since joining Angling Direct in 2003, Darren has helped grow the
Company's UK store network from 3 to 34 branches as well as
overseeing the major expansion of Angling Direct's online offering.
Darren guided Angling Direct through its successful AIM admission
in 2017 and subsequent fundraising in 2018, which have enabled the
business to double its UK store network and to launch dedicated
native language websites for the German, French and Benelux
markets, significantly enhancing the Company's European sales.
Andy Torrance has extensive experience working for brands with
customer centric omni-channels and substantial European presence.
Andy previously held Chief Operating Officer roles at Dunelm and
Holland & Barrett and a number of executive roles during a
12-year period at Halfords.
Martyn Page, Executive Chairman, commented: "Both myself and the
entire Angling Direct team are hugely grateful for everything
Darren has done to make the business the success it is today.
Whilst he feels it is the right time to pass on the baton, we are
especially pleased he is remaining as a Non-Executive Director and
valuable adviser to the Company.
"We are excited to have Andy Torrance as the Company's new CEO
given his specialist retail sector and European scaling experience.
Since joining the Board last year, he has shown great passion for,
and understanding of, this specialist business and provided
valuable advice and input on our growth strategy. As such, we
believe he is the ideal person to take the business to the next
level."
Outgoing CEO, Darren Bailey, commented: "It has been a huge
pleasure to lead such a fantastic and passionate business, driven
by dedicated staff and together establishing Angling Direct as a
European brand. Importantly, our customers and our work to promote
the awareness of fishing have remained at the heart of Angling
Direct's culture throughout, which has been integral to our
success. I am looking forward to supporting Andy and the business
as a Non-Executive and shareholder."
Incoming CEO, Andy Torrance, commented: "I am delighted to be
taking over as CEO of Angling Direct. Darren and his team have done
an excellent job at rapidly building our brand, both online and
through store expansion. I am looking forward to consolidating that
base and leading the business into the next phase of our exciting
growth plans."
For further information:
Angling Direct PLC +44 (0) 1603 258658
Martyn Page, Executive Chairman
Andy Torrance, Chief Executive Officer
Cenkos Securities - NOMAD and Broker
Stephen Keys (Corporate Finance)
Russell Kerr (Sales) +44 (0) 207 3978926
Yellow Jersey PR - Financial PR
Charles Goodwin +44 (0) 7747 788 221
Georgia Colkin
Annabel Atkins
Notes for editors
About Angling Direct plc
Angling Direct is the largest specialist fishing tackle retailer
in the UK. The Company sells fishing tackle products and related
equipment through its network of retail stores, located throughout
the UK, as well as through its own website
(www.anglingdirect.co.uk) and other third-party websites.
The Company currently sells over 21,500 fishing tackle products,
including capital items, consumables, luggage and clothing. The
Company also owns and sells fishing tackle products under its own
brand 'Advanta', which was formally launched in March 2016.
From 1986 to 2003 the Company's Founders acquired interests in a
number of small independent fishing tackle shops in Norfolk and, in
2003, they acquired a significant premises in Norwich, which was
branded Angling Direct. Since 2003, the Company has continued to
acquire or open new stores, taking the total number up to 34 retail
stores. In 2015 the Company opened a 30,000 sq ft central
distribution centre in Rackheath, Norfolk, where the Company's head
office is also located.
Angling Direct's shares are traded on the AIM market of the
London Stock Exchange under the ticker symbol ANG.L.
For further information, please visit
www.anglingdirect.co.uk
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.
END
BOAKKOBKOBKDDBK
(END) Dow Jones Newswires
February 10, 2020 02:00 ET (07:00 GMT)
Grafico Azioni Angling Direct (LSE:ANG)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Angling Direct (LSE:ANG)
Storico
Da Apr 2023 a Apr 2024