Ten Entertainment Group PLC Directorate Change (1442R)
26 Giugno 2020 - 8:00AM
UK Regulatory
TIDMTEG
RNS Number : 1442R
Ten Entertainment Group PLC
26 June 2020
26(th) June 2020
Ten Entertainment Group plc
Directorate Change
The Board has been notified by Duncan Garrood, Chief Executive
Officer, of his decision to resign from the Company to join Empiric
Student Property plc, a more substantial company .
Duncan will remain with the business until the end of the year
to deliver the reopening programme after its enforced closure due
to Covid-19 and its return to more normalised trading.
A search for a high-quality successor will now begin with
immediate effect.
To ensure a smooth transition and support the group at this
critical time, Nick Basing, currently Non-Executive Chairman and
formerly CEO, will step in as Interim Executive Chairman until the
transition to a new CEO is complete. His wealth of experience and
strong operational track record will be invaluable in providing a
smooth handover to new leadership. The Board are confident that the
experienced Executive team are well placed to reopen safely and
successfully when restrictions are lifted and return to, in time,
the strong trading achieved during the first few months of this
year.
The Board wishes to place on record its gratitude to its Senior
Non-Executive Director, David Wild, for his time on the Board over
the past 3 years. He has notified the Board of his decision to
resign from the Company with immediate effect. A search for his
successor will also commence shortly.
Julie Sneddon, Independent Non-Executive Director and Chair of
the Nominations Committee said:
"While we are disappointed that Duncan has decided to leave the
Company, we are grateful to him for his commitment to work hard on
a seamless transition period.
We are fortunate to be able to further strengthen our Executive
team at this critical time by inviting Nick, the person who
rejuvenated and established the Company's growth path, to become
more involved. Nick will work with and support the senior
leadership team as they set about delivering the reopening
programme and returning the Company to previous trading levels and
growth."
Enquiries:
Ten Entertainment Group plc via Instinctif
Duncan Garrood, Chief Executive Partners
Officer
Antony Smith, Chief Financial
Officer
Instinctif Partners Tel: 020 7457
Matthew Smallwood 2020
Jack Devoy
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END
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