Naked Wines PLC - Management succession and Board change
("Naked Wines" or "Naked")
Management succession and Board change
Naked Wines announces that
James has been managing the
A full search to identify a successor has commenced and a further announcement will be made in due course. James will remain on the Board as CFO until a successor has been appointed and a full and orderly transition has taken place.
"In his long standing role as CFO of Naked, James has guided the business through start-up challenges and along its rapid growth trajectory. Under his tenure the Naked business has grown 4x in size, demonstrated its potential in the US market and navigated the challenges of transition to a listed environment. As James moves on from the CFO role Naked has never been in better shape; with a strong balance sheet and lean, asset light model ideally positioning us to take advantage of the opportunity to invest in growth through uncertain times.
James has taken on the interim
On a personal note I'd like to thank James for his wisdom, council and support over the past 5 years. The Board and I look forward to continuing our strong relationship with James as he drives the
For further information, please contact:
Investec (NOMAD & Corporate Broker)
Tel: 0207 597 5970
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Tel: 0207 457 2020 or 07931 598 593
Naked Wines connects everyday wine drinkers with the world's best independent winemakers.
Why? Because we think it's a better deal for everyone. Talented winemakers get the support, funding and freedom they need to make the best wine they've ever made. The wine drinkers who support them get much better wine at much better prices than traditional retail.
It's a unique business model. Customers commit to a fixed prepayment each month which goes towards their next purchase. It also funds the production costs for winemakers, generating savings that are passed back to its customers. It's a virtuous circle that benefits both wine drinker and winemaker.
Our mission is to change the way the whole wine industry works for the better. In the last year, we have served nearly 600,000 individual customers in the US,
Our customers (who we call Angels) have direct access to over 200 of the world's best independent winemakers making over 1,000 quality wines in 17 different countries. We collaborate with some of the world's best independent winemakers like
This information is provided by RNS, the news service of the
Quick facts: Naked Wines
Market Cap: £354.18 m
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