TIDMIGR
RNS Number : 0839E
IG Design Group PLC
05 July 2021
5 July 2021
IG Design Group plc
("Design Group", the "Company" or the "Group")
Board Changes
IG Design Group plc, one of the world's leading designers,
innovators and manufacturers of celebrations, craft, gifting,
stationery and creative play products, is pleased to announce the
appointments of Stewart Gilliland and Clare Askem to the Board as
Non-Executive Chairman Designate and Non-Executive Director
respectively, effective immediately. In addition, the Company also
announces that Elaine Bond has informed the Board of her intention
to step down from her role as Non-Executive Director, effective 31
December 2021 having served her full tenure.
Stewart will take on the role of Non-Executive Chairman from
John Charlton who, as previously communicated, will step down and
retire at the Group's upcoming AGM to be held in September 2021.
This will allow adequate time for an effective handover.
Stewart Gilliland has a wealth of experience in senior and board
roles at fast-moving consumer goods businesses, both listed and
private. He is currently Chair of C&C Group plc, as well as a
Non-Executive director at Chapel Down Group, Tesco and Natures Way
Foods. Previously, Stewart has held non-executive positions at
Mitchells & Butlers plc, Booker Group, Sutton & East Surrey
Water Company and Vianet Group. These directorships follow a long
and successful executive career in consumer-facing companies, where
Stewart established a strong track record in supporting businesses
to achieve their growth ambitions and encouraging engagement with
stakeholders.
Clare Askem has an extensive background in strategic development
with substantial experience in business change and digital
transformation. She also has a wealth of experience in consumer
goods businesses. Clare is currently a Non-Executive Director of
Portmeirion Group plc, Studio Retail Group plc and The Law
Debenture Corporation plc. Previously, she was managing director of
Habitat at Sainsbury plc and was a director on the Sainsbury's
Argos operating board. Prior to her role at Habitat, Clare held a
number of executive positions at Home Retail Group plc.
Current Board composition:
John Charlton Non-Executive Chairman*
Stewart Gilliland Non-Executive Chairman Designate
=================================
Paul Fineman, Chief Executive Officer
=================================
Giles Willits Chief Financial Officer
=================================
Lance Burn Executive Director
=================================
Anders Hedlund Founder and Non -- Executive
Deputy Chairman
=================================
Mark Tentori Senior Independent Director
=================================
Elaine Bond Non -- Executive Director**
=================================
Clare Askem Non -- Executive Director
=================================
* John Charlton will step down from the Board at the Group's
upcoming AGM to be held in September 2021
** Elaine Bond will step down from the Board on 31 December
2021
Paul Fineman, CEO of IG Design Group plc, commented:
"First and foremost, I'd like to take this opportunity to thank
John Charlton for his ten-years' service as a Board member and in
particular his role as Chairman. His guidance to the Board and the
business over this time has been extremely important. I would also
like to thank Elaine Bond for her nine-years' service including
chair of the Remuneration Committee. During their tenures, the
Company has transformed into a true global leader, diversified into
countless new markets, channels, products and multiplied revenue by
circa four times. Throughout this journey, they have both provided
sound counsel and dynamic leadership, driving us forward towards
the achievement of our goals. The Board and I sincerely thank them
for all they have brought to the business.
"We are delighted to be appointing Stewart as our Chairman
Designate. Not only does he have FTSE 100 and FTSE 250 experience,
and a deep knowledge of the consumer industry, he also has great
ambitions for the business, which we know he will help us make a
reality. We look forward to benefitting from his strength in
embedding best practice governance, increasing shareholder
engagement and investing in people. We are confident Stewart is
ideally suited to chair the Group going forward and are excited to
see what we will achieve as we move into our next stage of
growth.
We are also extremely pleased to announce the appointment of
Clare as a Non-Executive Director. As well as bringing excellent
strategic thinking skills to our Group, Clare's past experience
will bring a customer and brand perspective to the Board. We look
forward to her guidance over the coming years as the Group
continues to execute on its strategy."
Disclosures
The following details in relation to the appointment of Stewart
Gilliland (aged 64) are disclosed in accordance with Schedule 2(g)
of the AIM Rules:
Current directorships Past directorships held within
last 5 years
C&C Group plc Mitchells & Butlers plc
===============================
Chapel Down Group plc Booker Group Limited
===============================
Tesco plc
===============================
Natures Way Foods Limited
===============================
Curious Drinks Limited*
===============================
* Curious Drinks Limited, a subsidiary of Chapel Down Group plc,
was placed into administration on 5 May 2021. The administration
process remains ongoing.
There is no further information to be disclosed in relation to
Stewart Gilliland's appointment pursuant to AIM Rule 17 or
paragraph (g) of Schedule Two of the AIM Rules for Companies.
The following details in relation to the appointment of Clare
Askem (aged 51) are disclosed in accordance with Schedule 2(g) of
the AIM Rules:
Current directorships Past directorships held within
last 5 years
Portmeirion plc Habitat Retail Limited
===============================
Studio Retail Group plc
===============================
The Law Debenture Corporation
plc
===============================
There is no further information to be disclosed in relation to
Clare Askem's appointment pursuant to AIM Rule 17 or paragraph (g)
of Schedule Two of the AIM Rules for Companies.
For further information, please contact:
IG Design Group plc Tel: 0152 588
7310
Paul Fineman, Chief Executive Officer
Giles Willits, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser Tel: 0207 523
and Broker) 8000
Bobbie Hilliam, NOMAD
Alex Aylen, Sales
Alma PR Tel: 0203 405
0205
Susie Hudson
Sam Modlin
Molly Gretton
About IG Design Group plc
IG Design Group plc, the largest consumer gift packaging
business in the world, is a designer, innovator and manufacturer of
products that help people celebrate life's special occasions.
Design Group works with more than 11,000 customers in over 80
countries throughout the UK, Europe, Australia and the USA.
Its products are found in over 210,000 retail outlets, including
several of the world's biggest retailers, for example Walmart,
Target, Amazon, Costco, Lidl and Aldi. Its brand, Tom Smith, also
holds the Royal Warrant for the supply of Christmas crackers and
Christmas wrapping paper to the Royal family. Design Group is a
diverse business operating across multiple regions, categories,
seasons and brands.
Its five major product categories are: Celebrations, Gifting,
Craft & creative play, Stationery and 'Not-for-resale'
consumables. It offers customers a full end-to-end service from
design through to distribution, offering both branded and bespoke
products from the value-focused through to the higher-margin ends
of the market.
The Company was admitted to the Alternative Investment Market of
the London Stock Exchange in 1995 under the name 'International
Greetings plc' and rebranded to IG Design Group plc in 2016. For
further information please visit www.thedesigngroup.com.
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