Procook Grp Regulatory News (PROC)

13 October 2022

ProCook Group plc

Board changes

ProCook Group plc ("ProCook" or "the Group"), the UK's leading direct-to-consumer specialist kitchenware brand, today announces an update on Board changes.

Following the announcement on 26 September 2022, that Steve Sanders intends to retire, the Board has decided not to replace his role on the Plc Board and has reviewed the optimal Board structure for the Group in order to remain in line with best corporate governance practice, without extraneous cost.

In the process of those discussions, Gillian Davies has indicated her intention to resign from the board. In order to affect a smooth handover of her role as Chair of the Audit Committee, Gillian will step down from the Board following the announcement of the Group's half year results, which is expected to be in mid December 2022. David Stead, the Group's Senior Independent Director, will take over the role of Chair of the Audit and Risk Committee and Luke Kingsnorth will assume David's current role of Chair of the Remuneration Committee at that time.

Steve Sanders will stand down from the Plc board on the same day as Gillian, although he will continue in his role as Chief Operating Officer until Spring 2023, as previously announced.

Greg Hodder, Chairman of ProCook, commented:

"On behalf of the Board, I would like to thank Gillian for her highly valuable insight and diligent scrutiny which has made her an enormously effective Chair of the Audit Committee. She has been a delight to work with. We are all grateful for her contribution to the Board and we wish her well with her other roles.

"I would also like to express my sincere gratitude to Steve for his commitment and dedication to ProCook over the last seven years during which time he has been instrumental to the growth and success of the business. I look forward to continuing to work with Steve over the coming months before wishing him well for his retirement in Spring 2023."

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Notes to editors

ProCook is the UK's leading direct-to-consumer specialist kitchenware brand. ProCook offers a direct-to-consumer proposition, designing, developing, and retailing a high-quality range of cookware, kitchenware and tableware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through 56 own-brand retail stores, located across the UK. ProCook products are also available in Germany and France with delivery options extending to Belgium, Austria, Luxembourg, the Netherlands, and Poland.

Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues, and operating from its Head Office in Gloucester. 

ProCook has been listed on the London Stock Exchange since November 2021 (PROC.L).

Further information about the ProCook Group can be found at www.procookgroup.co.uk