Marston's PLC Directorate Change (6600U)
27 November 2023 - 8:00AM
UK Regulatory
TIDMMARS
RNS Number : 6600U
Marston's PLC
27 November 2023
MARSTON'S PLC (the "Company")
Directorate Change - Appointment of Rachel Osborne as
non-executive director
27 November 2023
Marston's PLC announces that Matthew Roberts, who has served as
a non-executive director and Chair of the Audit Committee since
2017, will retire from the Board with effect from 23 January 2024,
after conclusion of the Company's AGM. The Board extends its thanks
to Matthew for his valuable contribution and hard work during his
time with the Company.
Marston's PLC is also pleased to announce the appointment of
Rachel Osborne, who will join the Board as an independent
non-executive director and Chair of the Audit Committee with effect
from 23 January 2024. Rachel will join the Nomination and
Remuneration Committees at the same time.
Until last year, Rachel served as Chief Executive Officer of Ted
Baker and is currently a non-executive director and Chair of the
Audit Committee at Ocado Group plc. In addition, Rachel is a
qualified Chartered Accountant and brings a wealth of recent and
relevant financial, consumer and retail experience to the Board,
having previously served as the Chief Financial Officer of multiple
listed companies including Ted Baker, Debenhams plc and Domino's
Pizza Group.
William Rucker, Chair, said:
"On behalf of the Board, I am very pleased to welcome Rachel to
Marston's. She brings strong financial and audit experience as well
as broader commercial and operational expertise which will add
considerable value to our Board. I would also like to thank Matthew
for his valuable contribution over the past 7 years and wish him
all the best for the future."
ENQUIRIES:
Marston's PLC via Instinctif Instinctif Partners Tel: 020
7457 2020
William Rucker, Chair Justine Warren
Matthew Smallwood
Joe Quinlan
Notes to Editors:
1. Marston's is a leading pub operator with a 40% holding in
Carlsberg Marston's Brewing Company.
2. It operates an estate of 1,415 pubs situated nationally,
comprising managed, franchised and leased pubs.
3. Marston's employs around 11,000 people.
4. Rachel Osborne was Chief Executive Officer at Ted Baker
(which was acquired by Authentic Brands Group in 2022) until 15
June 2023, and was previously Chief Financial Officer at Ted Baker
plc, Debenhams plc and Domino's Pizza Group plc, and held Finance
Director roles at Vodafone Group plc and John Lewis Partnership.
She was a non-executive director of Dunelm Group plc in 2018 but
stepped down, as this would have been a conflict, when she joined
Debenhams plc.
5. For the purposes of Listing Rule 9.6.13(1)R, Rachel Osborne
was a non-executive director of Dunelm Group plc within the
previous five years but no longer holds this position.
6. For the purposes of Listing Rule 9.6.13(3)R, Rachel was a
Director at the time the following Debenhams entities went into
administration/compulsory liquidation:
-- Debenhams plc - went into administration in April 2019 and
compulsory liquidation in May 2020, part of the financial
restructuring and move from a publicly listed entity into the
private sector;
-- Department Stores Realisation (Properties) Limited (formerly
Debenhams Properties Limited) - compulsory voluntary arrangement
May 2019, administration April 2020;
-- Department Stores Realisations Limited (formerly Debenhams
Retail Limited) - compulsory voluntary arrangement May 2019,
administration April 2020; and
-- Celine Group Holdings Limited (formerly Debenhams Group
Holdings Limited) - administration August 2020.
7. In accordance with the Listing Rules, there are no additional
matters that would require disclosure under 9.6.13R of the Listing
Rules of the UK Financial Conduct Authority.
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END
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