ALY.L

Laura Ashley Holdings Plc
Ashley (Laura) Hldgs - Directorate change
20th February 2020, 07:00
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RNS Number : 5251D
Ashley (Laura) Hldgs PLC
20 February 2020
 

Laura Ashley holdings PLC (the "Company")

 

Directorate change

 

20 February 2020

 

 

Further to the announcement made on 31 January 2020, the Company announces that Katharine Poulter, current Chief Operating Officer of the Company, will be appointed as Executive Director and Chief Executive Officer with immediate effect.

Ms. Poulter has 25 years of retail experience with companies including Marks and Spencer plc, Home Retail Group plc, Kingfisher plc, Habitat Limited and Wilko Brands Ltd. Since joining as COO earlier this year, she has spearheaded a strategic review of the business.

Ms. Poulter succeeds Mr. Kwan Cheong Ng, who will retire as Chief Executive Officer of the Company. Mr. Ng will remain as Executive Director until 30 April 2020, after which time he will become a Non-Executive Director of the Board.

The Board would like to take this opportunity to thank Mr. Ng for his contribution as Executive Director and Chief Executive Officer during his tenure with the Company and to wish him the very best in his retirement.

No further information is required to be disclosed under Listing Rule 9.6.13R.

 

Enquiries:

K C Ng / Katharine Poulter              Laura Ashley                                   020 7880 5100

Anita Scott / Alice Gibb                   Brunswick                                        020 7404 5959

Rick Thompson / Michael Boot      Cantor Fitzgerald Europe              020 7894 7000


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