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Laura Ashley CEO To Step Down

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The Company announces that Mr Kwan Cheong Ng will retire as the Executive Director and Chief Executive Officer of the Company on 30th April 2020. He will remain on the Board as a Non-Executive Director of the Board after retirement.  The Board would like to take this opportunity to thank Mr Ng for his contribution as Executive Director and Chief Executive Officer during his tenure with the Company and to wish him the very best in his retirement.

Katharine Poulter who is the Chief Operating Officer of the Company, will be appointed as Executive Director of the Company and will succeed Mr Ng as Chief Executive Officer with effect from 1st May 2020. She has 25 years of retail experience with companies including Marks and Spencer plc, Home Retail Group plc, Kingfisher plc, Tesco plc and Wilko Brands Ltd.

Source : Laura Ashley Holdings

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31 January 2020

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