CLG.L Regulatory News (CLG)

Clipper Logistics plc

Board Changes

Clipper Logistics plc ("Clipper"), a leading provider of value-added logistics solutions and e-fulfilment and returns management services to the retail sector, is pleased to announce the appointment of Christine Cross ("Chris") as Senior Independent Non-Executive Director with effect from 3 June 2020. Chris will Chair the Remuneration Committee, and will be a member of the Nomination and Audit Committees from this date.

Chris is a highly experienced non-executive director, with FTSE 100 and FTSE 250 experience, and currently holds non-executive directorships with Coca Cola European Partners plc and Hilton Food Group plc (where she chairs the Remuneration Committees), and Zooplus AG. Previously, Chris served as a non-executive director on the boards of several retailers, including Next plc and Fenwick Ltd, and was Chief Retail Advisor to PwC for five years.

Prior to this Chris had a 15 year executive career at Tesco where she was involved in a programme of acquisitions, and the establishment of a global direct sourcing operation, together with the leadership of Tesco's UK and International clothing business.

Clipper also announces that Stephen Robertson, current Senior Independent Non-Executive Director and Remuneration Committee Chairman, will step down from the Board on 3 June 2020, having completed his second three-year term as a Non-Executive Director. In line with the recommendations of the Corporate Governance Code, Clipper is committed to ensuring that the composition of the Board is regularly refreshed, to ensure a diverse Board with an appropriate combination of skills, experience and knowledge.

Steve Parkin, Executive Chairman of Clipper said: "Stephen has been a Non-Executive Director of Clipper since our IPO in 2014, and on behalf of the Board I would like to thank him for his valuable contribution to Clipper over our first six years as a public company.

"I am delighted to welcome Chris to Clipper. She brings a fresh dynamic to the Board, and her wide knowledge of the retail sector, coupled with her experience in FTSE 100 and FTSE 250 companies, is highly complementary to the existing skills, knowledge and ambitions of the team. In addition, Chris' knowledge of remuneration matters within listed companies will be invaluable as we enter a further phase of transformational growth for the Group."

In relation to the above appointment, the following additional information is provided pursuant to LR 9.6.13:

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