Ten Lifestyle Group PLC Board Changes (3032E)
June 29 2023 - 1:00AM
UK Regulatory
TIDMTENG
RNS Number : 3032E
Ten Lifestyle Group PLC
29 June 2023
29 June 2023
Ten Lifestyle Group plc
("Ten" or the "Company")
Board Changes
Ten Lifestyle Group plc (AIM: TENG), the platform driving
customer loyalty for global financial institutions and other
premium brands, today announces that Bruce Weatherill will be
stepping down as Chair of the Board in the autumn, after six years,
due to ill health.
After due consideration, the Board has decided that Jules
Pancholi, Non-Executive Director, will succeed Bruce Weatherill as
Chair at that time.
Jules Pancholi is currently a Non-Executive Director of the
Company and brings extensive experience in driving value creation
through growth, technology and product-market fit. His prior
experience includes being a non-executive director of Skyscanner
and Chair of Oritain, along with other executive and non-executive
positions.
Due to the above, Ten also announces the following changes to
the Board's committees: Jules Pancholi will be appointed to the
Audit & Risk Committee; and Gillian Davies, Non-Executive
Director, will be appointed to the Nomination Committee, both with
immediate effect.
The Board has commenced a process to identify and appoint a new
Non-Executive Director.
Alex Cheatle, CEO of Ten Lifestyle Group, said:
"I am saddened by Bruce's decision to stand down, but
wholeheartedly support his decision to prioritise his health. Bruce
has been an outstanding Chairman for six years, has demonstrated a
clear vision, strategic focus, and fostered a positive governance
culture.
As we look ahead, Jules will assume the role of Chair. With his
existing knowledge of the business and expertise in technology,
Jules is well-equipped to lead the Board."
- End -
For further information, please visit
https://www.tenlifestylegroup.com/ or contact:
Ten Lifestyle Group Plc
Alex Cheatle, Chief Executive Officer +44 (0)20 7850
Alan Donald, Chief Financial Officer 2796
Peel Hunt LLP, Nominated Advisor and Broker
Paul Gillam +44 (0) 20 7418
James Smith 8900
Notes to Editors:
About Ten Lifestyle Group Plc
Ten Lifestyle Group plc partners with global financial
institutions and other premium brands to attract and retain wealthy
and mass affluent customers.
Millions of members have access to Ten's services across
lifestyle, travel, dining, entertainment and retail benefits on
behalf of over fifty clients including HSBC, Coutts, Morgan Stanley
and Royal Bank of Canada. Ten's partnerships are based on
multi-year contracts generating revenue through
platform-as-a-service and technology fees.
Ten's operations are underpinned by an increasingly
sophisticated personalisation platform comprising industry-first,
proprietary technology, thousands of supplier relationships and 25
years of proprietary expertise delivered from over 20 global
offices.
Ten is on a mission to become the most trusted service platform
in the world.
For further information please go to: www.tenlifestylegroup.com
.
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END
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