Actualización sobre la sucesión de la junta directiva
24 de abril de 2024
Gear4music (Participaciones) plc
Actualización sobre la sucesión de la junta directiva
Gear4music (Holdings) plc ("Gear4music", "the Company" or "the Group"), the largest UK based online retailer of musical instruments and music equipment, is pleased to announce its Board succession plan.
Having served the Group since IPO in 2015, Ken Ford (Non-Executive Chair) and Dean Murray (NED) are approaching the end of their nine-year tenure, and are intending to step down from the Board later this year.
The existing Board, Chair and Nominations committee have diligently evaluated revised board structures to ensure the best outcomes for all stakeholders and, having consulted with certain of the Company's major shareholders, we are pleased to announce the following changes will take effect from Friday 5 July 2024:
· Ken Ford to step down as Non-Executive Chair and retire from the Board
· Andrew Wass to move from CEO to Executive Chair
· Gareth Bevan, current CCO, to be appointed as CEO
· Neil Catto, recently appointed as CFO of Revolution Beauty Group Plc and former CFO of Boohoo Group plc, to join the board as Senior Independent Director ('SID') and Audit Committee chair
· Chris Scott's and Harriet Williams' (CFO and NED respectively) roles and responsibilities remain unchanged
Dean Murray has agreed to remain on the Board until a suitable NED candidate with appropriate experience has been appointed. The Group has appointed an agency to help with this process and the search to identify candidates is under way.
Neil Catto
Neil has significant experience of serving on the boards of AIM-listed companies as both executive and non-executive director. Neil was CFO of Boohoo between 2011 and 2022 and is now CFO of Revolution Beauty, having initially joined as a non-executive director in 2023. Neil is also a non-executive director of tinyBuild Inc. He was previously Finance Director of dabs.com plc and has held senior financial positions in BT plc and The Carphone Warehouse Group. Neil qualified as a chartered accountant with EY.
Andrew Wass, CEO and Executive Chair designate of Gear4music said:
"On behalf of the Gear4music team, I extend our heartfelt thanks to Ken and Dean for their dedication and invaluable contributions over the past nine years. I am deeply appreciative of the wise counsel and steadfast support they have provided throughout their tenure.
I am very much looking forward to working alongside Gareth in our respective new roles. Gareth has been with the business for twelve years as Chief Commercial Officer and has 25 years' experience in our industry, and we firmly believe there is no better person to be Gear4Music's CEO. The transition will ensure seamless continuity within our leadership team whilst enhancing our strategic focus.
I look forward to spearheading our strategic initiatives, overseeing the advancement of our bespoke e-commerce platform and continuing to provide support to our team and stakeholders.
Finally, on behalf of the Gear4music team, I would like to welcome Neil to the board. Neil's extensive e-commerce and listed company director experience will prove invaluable as we continue with the implementation of our long-term growth plan whilst ensuring good governance."
Ken Ford, Non-Executive Chair of Gear4music said:
"I am deeply grateful to the Board members, staff, and stakeholders for their commitment to the business, enthusiasm and delivery since I joined the Board as Chair in 2015.
This period has seen remarkable growth. There have been challenges to overcome along the way but, today, our business stands significantly stronger, a testament to the collective efforts and dedication of our entire team. With the newly restructured Board, I am confident that their diverse skills and experience will continue to drive transformative change.
I extend my best wishes to the team on their journey towards sustainable and profitable growth and I am confident that they will continue to drive Gear4music forward."
- Termina -
Consultas:
Gear4music Andrew Wass, director ejecutivo Chris Scott, director financiero | 44 0 20 3405 0205 |
Singer Capital Markets - Asesor designado y Broker Peter Steel/Sam Butcher, finanzas corporativas Tom Salvesen, corretaje corporativo | 44 0 20 7496 3000
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Alma - Relaciones públicas financieras Rebecca Sanders Hewett Joe Pederzolli david ison | 44 0 20 3405 0205 |
Information regarding the appointment of Neil James Catto, aged 57, as required under Rule 17 and Schedule 2(g) of the AIM Rules for Companies is set out below.
Directores actuales
revolución belleza grupo plc
Revolution Beauty Ltd
Revolution Beauty Labs Ltd
Revolution Beauty Nominees Ltd
Revolution Beauty Holdings Ltd
Revolution Beauty UK HOLDCo Ltd
TinyBuild Inc.
Directorios anteriores (en los últimos cinco años)
grupo bohoo plc
Boohoo.com Reino Unido Limitado
Boohoo.com EE. UU. Limitado
Boohoo.com Australia PTY
Boohoo Francia SAS
Boohoo.com Oficina de enlace de UK Limited en Turquía
Boohoo.com Italia SRL
Boohoo Property Holdings 2 Limitado
Boohoo Holdings Limited
Boo que limitado
Boohooman.com Reino Unido Limitado
Boohoo.com Alemania GmbH
Debenhams marcas limitadas
Debenhams Holdings Limited
desagradable gal limitada
NastyGal.com EE.UU. Inc.
Prettylittlething.com limitada
Prettylittlething.com Limited EE. UU. Inc.
Miss Pap Reino Unido Limitada
Coastlondon.com limitada
Karenmillen.com Limited
Oasis modas en línea limitada
Dorothy Perkins en línea limitada
Burton en línea limitada
Redherring.com en línea limitada
Principios.com en línea limitado
Maine.com en línea limitada
Mantaray.com en línea limitada
PGBH limitada
Pancorp1 Limitado
Shangai Wasabi rana Trading Co Limited
Faith.com en línea limitada
Wallis en línea limitada
21Tres ropa Company Limited
Almacén de modas en línea limitada
As at the date of this announcement, Neil Catto does not hold an interest in the ordinary shares of the Company.
Save as set out above, there are no further disclosures pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the appointment of Neil Catto.
Acerca de Gear4music (Participaciones) plc
Operando desde una oficina central en York, centros de distribución en York, Bacup, Suecia, Alemania, Irlanda y España, y salas de exhibición en York, Bacup, Suecia y Alemania, el grupo vende instrumentos musicales y equipos de música de marca propia junto con terceros premium. marcas como Yamaha, Roland y Roland, a clientes que van desde principiantes hasta entusiastas musicales y profesionales, en el Reino Unido, Europa y el resto del mundo.
Habiendo desarrollado su propia plataforma de comercio electrónico, con sitios web multilingües y multidivisas que se entregan a más de 190 países, el Grupo continúa construyendo su presencia en el extranjero.
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