In The Style Group PLC Board Update (8802Y)
19 Enero 2022 - 1:00AM
UK Regulatory
TIDMITS
RNS Number : 8802Y
In The Style Group PLC
19 January 2022
19 January 2022
In The Style Group Plc
(the "Company" or the "Group")
Board Update
In The Style announces that CFO & COO Paul Masters has
informed the Board of his need to step down from the Group in March
2022 to focus on his health.
Paul joined In The Style in 2017 and during his tenure as CFO
& COO has played an integral role in driving the Company's
growth, including leading the business through its successful IPO
in March 2020.
After a thorough search process, the Board is pleased to
announce that Richard Monaghan will succeed Paul in the role of
CFO. Richard will join In The Style in mid-March 2022, and will
work with Paul to ensure a smooth transition. The operational
aspects of Paul's combined role will come under the responsibility
of Sam Perkins, CEO, who has significant experience in these
areas.
Richard is an ICAEW qualified Chartered Accountant and is
currently Director of Finance at Victorian Plumbing, where he
played a pivotal role in the Company's recent IPO. He was
previously Deputy CFO and Group Financial Controller at Autotrader
where he supported the business through its 2015 IPO. Richard, aged
33, does not hold any other directorships and holds no ordinary
shares in the Company.
Jim Sharp, Non-Executive Chairman , commented: "On behalf of the
Board and everyone at In The Style I would like to thank Paul for
his outstanding commitment and significant contributions to the
Group's success over recent years, which has been a truly
transformational period for the Group. We wish him the very best
for the future and are fully supportive of the difficult decision
he has had to make at this time.
"We are delighted to have appointed Richard to the role of CFO.
Richard is an outstanding candidate with extensive experience at
consumer-facing brands and public companies, and I have no doubt
that he will play a critical role in helping In The Style to
achieve its exciting growth plans over the years to come."
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules
for Companies.
The Board has no current plans to announce further directorate
changes in the near future.
ENDS
Enquiries
In The Style Group plc Via Hudson Sandler
Jim Sharp, Non-Executive Chairman
Liberum Capital Limited (Nomad
and Broker)
Clayton Bush
Scott Mathieson
Ed Thomas
Miquela Bezuidenhoudt +44 (0)20 3100 2000
Hudson Sandler +44(0)20 7796 4133
Alex Brennan inthestyle@hudsonsandler.com
Lucy Wollam
Jake Brown
Notes to Editors
In The Style is a fast-growing digital womenswear fashion brand
with an innovative social media influencer collaboration model.
Founded in 2013 by entrepreneur Adam Frisby, the brand champions
female empowerment, inclusivity, body positivity and real
beauty.
The brand's innovative and highly adaptable influencer
collaboration model, which sees it work with influencers on a
long-term basis to collaboratively design, develop and promote
branded collections, differentiates it from competitors.
In The Style currently partners with a stable of more than 15
social media influencers, including Stacey Solomon, Dani Dyer,
Jacqueline Jossa and Billie Faiers. Together they enjoy a combined
global social media reach of almost 30m followers.
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END
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