20 Feb 2020 07:00
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