Ted Baker names finance chief Rachel Osborne as CEO


© Reuters. Shoppers walk past a Ted Baker store on Regents Street in London

(Reuters) – Troubled fashion retailer Ted Baker (L:) on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year.

The British company said the search for a chairman is progressing well and that Sharon Baylay will still lead as acting chair in the interim period.

Osborne, who has worked at Debenhams, John Lewis and a handful of other well-known UK retailers, joined the company in November as its CFO.

“I look forward to leading the business through this critical period of change and seeing the benefits of our plan come to fruition,” Osborne said on Monday.

The statement came in after the company shut businesses earlier this month due to the coronavirus pandemic.

Osborne’s predecessor Page left in December after multiple profit warnings that had come on the back of tough retail conditions, including subdued spending by consumers and steep costs.

The British retailer also suffered a string of management-related issues, given the misconduct allegations in 2018 against founder and top shareholder Ray Kelvin, who has denied them but stepped down later.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  Asian stocks fall by the most in a week as U.S.-China standoff escalates

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here