Last checked at 23 Jan 2024 07:01
23 January 2024 |
boohoo group plc
("boohoo" or the "Group")
Directorate Change: Appointment of CFO
boohoo (AIM: BOO), a leading online fashion retailer, announces the appointment of Stephen Morana to the Board as Chief Financial Officer, commencing on 19 February 2024.
Stephen is widely recognised for his e-commerce expertise and he has significant experience in a range of businesses. He spent a significant part of his executive career as CFO of two founder-led, digitally disruptive businesses, Betfair and Zoopla, both of which he led through IPO and helped to create significant shareholder value. Stephen has also been a Non-Executive director at Entain, the FTSE100 group, and here at boohoo (2014 -2017). He has also been a venture partner at Octopus Ventures. His most recent executive position was at Cazoo plc. He is a qualified chartered accountant and a member of the INSEAD alumni.
Mahmud Kamani, Group Executive Chairman, commented:
"Stephen is a highly regarded finance director who is well known to boohoo, having previously served on our Board in a Non-Executive capacity for four years. He supported us through the IPO process and in our early years as a PLC. While the business has grown significantly since then, Stephen has a wealth of experience with global digital businesses and is therefore very well placed to support the strategy in pursuit of our growth ambitions."
The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.
Stephen Gavin Morana (aged 52) holds or has held the following directorships or partnerships in the past five years:
Current Directorships or Partnerships | Previous Directorships or Partnerships |
Smart Pension Limited | Entain plc |
Lampada Consultants Limited | Open Data Institute |
Atticus Property Developments plc | Bigblu Broadband PLC |
KM Capital Limited | |
Cazoo Holdings Ltd | |
Cazoo Ltd | |
Imperial Cars of Swanwick Limited | |
Cazoo Properties Limited | |
Cazoo Subscription Services Limited | |
Imperial Car Supermarkets Ltd | |
Cazoo Group Ltd | |
Carsa Holdings Ltd | |
Carsaz Limited | |
Capri Listco Limited | |
Fantastic Cars Limited |
Stephen holds 129,097 shares in boohoo.
There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.
Enquiries | |
boohoo group plc | |
Pete Templeton, Group Finance Director | Tel: +44 (0)161 233 2050 |
Mike Cooper, Head of Investor Relations & Corporate Development | Tel: +44 (0)161 233 2050 |
Mark Mochalski, Investor Relations | Tel: +44 (0)20 3239 6289 |
Zeus - Nominated adviser and joint broker | |
Andrew Jones / James Edis / Dan Bate | Tel: +44 (0)161 831 1512 |
Benjamin Robertson | Tel: +44 (0)20 3829 5000 |
Jefferies - Joint broker | |
Ed Matthews / Harry Le May | Tel: +44 (0)20 7029 8000 |
HSBC - Joint broker | |
Adam Miller / James Hopton | Tel: +44 (0)20 7029 8000 |
Buchanan - Financial PR adviser | boohoo@buchanan.uk.com |
Richard Oldworth / Toto Berger / Verity Parker | Tel: +44 (0)20 7466 5000 |
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.
In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 31 August 2023, the boohoo group had 17 million active customers across all its brands around the world.