Last checked at 22 Nov 2018 09:00
22 November 2018
On the Beach Group plc
("On the Beach", "OTB" or the "Group")
Board Composition Change
On the Beach Group plc (LSE: OTB.L), the UK's leading online retailer of beach holidays, announces that Lee Ginsberg, the Non-Executive Chair of the Board, will step down from his position as Chair of the Board in order to focus on other time commitments. Lee will remain on the Board as a Non-Executive Director.
David Kelly, Senior Independent Director, will take over the Chair of the Board role on an interim basis and will also Chair the Nomination Committee. An executive search firm will shortly be appointed to assist with the search for a new Chair of the Board.
These changes will take effect on 30 November 2018.
The Board will continue to review its structure to ensure it has the appropriate breadth and depth of experience while meeting corporate governance best practice.
For further information:
On the Beach Group plc Simon Cooper, Chief Executive Officer Paul Meehan, Chief Financial Officer
| via FTI Consulting |
FTI Consulting Jonathon Brill Alex Beagley Fiona Walker
| Tel: +44 (0)20 3727 1000 |
About On the Beach
With over 20% share of online sales in the short haul beach holiday market, On the Beach is one of the UK's largest online beach holiday retailers. The Company has significant opportunities for growth and a long-term mission to become Europe's leading online retailer of beach holidays. By using its innovative technology, low-cost base and strong customer-value proposition to provide a structural challenge to legacy tour operators, it continues its journey to disrupt the online retail of beach holidays. The model is customer-centric, asset light, profitable and cash generative.
www.onthebeachgroupplc.com