Studio Retail Group PLC CEO Succession (9312T)
30 Marzo 2021 - 12:00AM
UK Regulatory
TIDMSTU
RNS Number : 9312T
Studio Retail Group PLC
30 March 2021
30 March 2021
Studio Retail Group plc
("the Company" or "Studio")
CEO Succession
Studio is pleased to confirm that Paul Kendrick has been
appointed as CEO of the Company with effect from 26 March 2021,
replacing Phil Maudsley who retired from Studio and stepped down as
a director of the Company on the same date.
As previously announced in June 2020, this is the outcome from a
structured development and succession plan implemented by the Board
working with both Mr Maudsley and Mr Kendrick over the past two
years. It follows a successful transition period during the second
half of FY21.
Studio will provide a post-close trading update for the
financial year ended 26 March 2021 as a whole during the middle of
April.
Enquiries
Studio Retail Group plc 0161 303 3465
Ian Burke, Chairman
Tulchan Communications 020 7353 4200
Sunni Chauhan
Notes to Editors
Studio Retail Group currently contains market leading businesses
in the UK digital retailing and education supplies markets. It is
primarily a retailer and distributor, handling and supplying
specialist products manufactured by third parties.
The Group's activities are currently focused in two main
operating segments:
-- Studio - a leading UK digital value retailer, primarily trading via the Studio brand; and
-- Education - the second largest listed independent supplier of
resources and equipment (excluding information technology and
publishing) to schools in the UK and overseas.
Paul Kendrick joined the Group in May 2016 initially as
Commercial and Deputy Managing Director of Studio Retail Ltd before
being promoted to Managing Director in April 2017. He was appointed
to the Studio Board in December 2019. During his time at Studio,
Paul has played a key role in driving the business forwards and
growing its online value offer.
Prior to joining Studio, Paul was Marketing and Ecommerce
Director at Bonmarche, and held various roles at N Brown Group
including leading Marketing, Financial Services, International and
Group Development functions. Much of Paul's early career was spent
within the travel industry, at both Thomson (now Tui) Travel and
The Co-operative Group.
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END
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