(Adds details on chairman exit, outlook, dividend, background)
Dec 10 (Reuters) - Ted Baker Plc said on Tuesday its
chief executive officer and chairman have stepped down, and the
British fashion retailer also cut its full-year outlook again
and suspended its dividend.
Recently appointed Chief Financial Officer, Rachel Osborne,
will take on the CEO role from Lindsay Page on an interim basis.
The departures come a week after the company said it may
have overstated inventory by as much as 25 million pounds
($32.08 million).
Page was promoted to the role in April after founder Ray
Kelvin stepped down after allegations of misconduct at the
company.
Sharon Baylay has assumed the role of acting chair,
replacing David Bernstein.
($1 = 0.7794 pounds)
(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard
Orr)
