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MADE CEO Steps Down

MADE Morland Wide Shelving unit, Mango wood & Patina. 599 Group Plc announces that Philippe Chainieux will today step down from his role as Chief Executive Officer of the Group and its Board for family reasons.

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Pictured: Philippe Chainieux

Nicola Thompson, currently Chief Operating Officer of the Group, joins the Board and will assume the position of Interim CEO with immediate effect, working closely alongside Adrian Evans, Chief Financial Officer. Nicola has held the role of Chief Operating Officer since September 2019 and has been integral to the formulation of the company's strategy. With her experience on the Executive Leadership Team and as a key driver of the strategy and operations of the Group, the Board believes she is extremely well placed to fulfil the role of Interim CEO.  Nicola has over 20 years of retail experience, and more than 10 years' experience in senior leadership positions within high growth, international e-commerce businesses. 

Susanne Given, Chair of MADE, said:

"On behalf of the Board, I would like to thank Philippe for his dedication and hard work over the last nine years, during which he and the MADE team have built this exciting, unique and successful digital consumer business. In 2021 we delivered record revenues and finished the year in a strong financial position.  It is with sadness and understanding that the Board accepts Philippe's resignation and we wish him and his family well for the future."

"Nicola is an exceptional colleague and impressive leader, and the Board and I look forward to continuing to work with her, alongside Adrian and the rest of the leadership team."

Philippe Chainieux said:

"It is with sadness I have to pause my professional activities to take care of my family. I am incredibly grateful to have been part of the fantastic success story of MADE and I am very proud of what has been achieved over the last nine years. I would like to thank the team at MADE, our partners, the Board and our investors for their support and their commitment to the company and I am absolutely confident that everything is in place to achieve our long-term ambition."

"I have worked closely with Nicola over the past two and a half years, and cannot emphasise enough how instrumental she has been in growing our business, through designing and implementing our strategic plan. I am leaving the business safely in her very capable hands." 

Nicola Thompson, Interim CEO of MADE, said:

"MADE is an incredible business with a strong brand and consumer proposition that truly understands its digital native customer base. I look forward to continuing to work closely with the Board and the leadership team to execute our strategy, focusing on enhancing the customer experience, developing our curated range and growing our fantastic brand internationally."

The Group's financial results for the year ended 31 December 2021 remain in line with the year-end trading update published on 6 January 2022. As previously announced, MADE will publish preliminary results for Full Year 2021 on 8 March 2022.

Source :

Main image : MADE Morland Shelving Unit

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21 February 2022

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