TIDMPROC
RNS Number : 2639F
ProCook Group PLC
07 July 2023
7 July 2023
ProCook Group plc
Board Changes
CEO Appointment
ProCook Group plc ("ProCook" or "the Group"), the UK's leading
direct-to-consumer specialist kitchenware brand, is pleased to
announce the appointment of Lee Tappenden as the Group's CEO. The
Board has conducted a thorough external search process, as part of
the Group's succession planning, following on from Daniel O'Neill's
indication earlier this year of his intention to step back from the
CEO role, as set out in the Group's preliminary results
announcement on 28 June 2023. Lee is expected to join the Group and
Board in early October 2023.
Lee brings extensive leadership, retail and consumer experience,
having spent over 25 years with Walmart Stores and Asda, where he
held a range of senior management roles. His tenure included roles
in merchandising and operations, before becoming Chief Operations
Officer, and then President and CEO of Walmart Canada.
He is currently the President at Amyris International, part of
the Nasdaq-listed synthetic biology company which produces
sustainable beauty and health ingredients and operates its own
family of consumer brands. Lee has driven its international
expansion, through developing strategic retailer partnerships, and
its direct-to-consumer ecommerce and brand marketing
capabilities.
Daniel will remain in the role of CEO until Lee joins the Group,
and will be available as required to support an orderly transition.
Having founded ProCook over 27 years ago, the Group will continue
to benefit from Daniel's deep knowledge of the business. He will
remain on the Board, transitioning to a Non-Executive Director
role, supporting the Group's continued development, with a
particular focus on his passion for continually improving the
product range.
Greg Hodder, Chairman, commented:
"I would like to extend a very warm welcome to Lee as our new
CEO. With his extensive leadership, retail and consumer background,
his experience will be invaluable in leading ProCook through its
next stage of development as we grow the business.
"I would also like to take this opportunity to recognise
everything Daniel has done as the Founder and leader of this
business over the last 27 years, most recently culminating in the
Group's IPO in 2021 and subsequently navigating the challenging
market conditions over the last 18 months. He is responsible for
creating ProCook and is an outstanding entrepreneur. He will
continue to add value to ProCook through his passion for the
business and its products, and I look forward to our continued work
together over the years ahead."
Daniel O'Neill, CEO, commented:
"I am extremely proud of what we have accomplished with the
business over the last 27 years, now is the right time for me to
hand over the reins to a new CEO. Lee brings with him a passion for
what we have already created and is excited about opportunity to
lead ProCook on the next stage of its journey. His extensive
experience in retailing, specifically in a direct to consumer
environment and in delivering growth, made Lee the perfect choice.
I very much look forward to working with him and remain fully
committed to supporting ProCook's continued growth and
performance."
Lee Tappenden, CEO designate, commented:
"I am very excited to be joining the business at this stage;
still in its infancy as a listed company and with considerable
potential for sustainable, long-term growth. Whilst we are
operating in difficult macroeconomic conditions, substantial work
has been done by the existing team to ensure ProCook emerges
stronger, and I look forward to building on this excellent
platform."
For further information please contact:
ProCook Group plc investor.relations@procook.co.uk
Daniel O'Neill, Chief Executive Officer
& Founder
Dan Walden, Chief Financial Officer
MHP Group (Financial PR Adviser) procook@mhpgroup.com
Katie Hunt Tel: +44 (0)7711 191 518
Catherine Chapman
Notes to editors:
ProCook is the UK's leading direct-to-consumer specialist
kitchenware brand. ProCook offers a direct-to-consumer proposition,
designing, developing, and retailing a high-quality range of
cookware, kitchenware and tableware which provides customers with
significant value for money.
The brand sells directly through its website, www.procook.co.uk,
and through 58 own-brand retail stores, located across the UK.
Founded over 25 years ago as a family business, selling cookware
sets by direct mail in the UK, ProCook has grown into a market
leading, multi-channel specialist kitchenware company, employing
over 600 colleagues, and operating from its HQ in Gloucester.
ProCook has been listed on the London Stock Exchange since
November 2021 (PROC.L).
Further information about the ProCook Group can be found at
www.procookgroup.co.uk.
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END
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