THG PLC Directorate Change (2102O)
June 08 2022 - 10:31AM
UK Regulatory
TIDMTHG
RNS Number : 2102O
THG PLC
08 June 2022
8 June 2022
THG PLC
Directorate Change
THG PLC ("THG" or the "Group"), the global proprietary
technology platform specialising in taking brands direct to
consumers ("D2C"), today announces that Non-Executive Director
Dominic Murphy will step down from the Board with immediate
effect.
Dominic Murphy, non-executive Director commented:
"It has been nearly 8 years since I joined the Board of THG,
during which time I have had the privilege to witness the Group's
journey through a period of profound transformational growth.
Considering the length of my tenure, I feel that now is the right
time to step down as an independent non-executive Director of
THG.
I would like to thank THG for allowing me to serve on its Board
for this period. It has been a remarkable journey and the Group has
grown to be a genuine market leader in its chosen markets. I wish
THG and the Board all the best for the future."
Matthew Moulding, CEO commented:
"Dominic has brought a wealth of experience to the Board and I
would like to sincerely thank him for his invaluable contribution
to THG over its transformational journey during his tenure. We wish
Dominic the very best for the future"
The Board and the Nomination Committee will continue their
search for suitable additional independent Non-Executive Directors
to further strengthen the Board.
For further information please contact:
Investor enquiries
Kate Grimoldby, Head of Investor i nvestor.relations@thg.com
Relations
Media enquiries:
Powerscourt - Financial PR adviser Tel: +44 (0) 20 7250
1446
Victoria Palmer-Moore/Nick Dibden/Nick thg@powerscourt-group.com
Hayns
THG PLC
Viki Tahmasebi viki.tahmasebi@thg.com
ENDS
Notes to editors
THG ( www.thg.com ) is a vertically integrated, global,
digital-first consumer brands group, retailing its own beauty and
nutrition brands, plus leading third-party brands, via its
proprietary, end-to-end, e-commerce technology, infrastructure and
brand-building platform (THG Ingenuity). THG's business is operated
through the following businesses:
THG Ingenuity : Ingenuity Commerce provides end-to-end
technology services charged to third party clients for digital
commerce solutions. Ingenuity Infrastructure underpins the
Ingenuity Commerce offering, and is charged to third parties as a
single stand-alone service. S ervices include hosting, content
creation through THG Studios, translation services and beauty
product development and manufacturing.
THG Beauty : The global ly pre-eminent digital-first brand
owner, retailer and manufacturer in the prestige beauty market,
combining its portfolio of eight owned brands across skincare,
haircare and cosmetics, the provision of a global route to market
for over 1,000 third-party beauty brands through its portfolio of
websites, including Lookfantastic, Dermstore, Cult Beauty and
Mankind and the beauty subscription box brand GLOSSYBOX.
THG Nutrition : A group of digital-first Nutrition brands, which
includes the world's largest online sports nutrition brand
Myprotein, and its family of brands (Myvegan, Myvitamins, MP
Clothing and Myprotein Pro), with a vertically integrated business
model, supported by six THG production facilities.
THG OnDemand : Personalisation and customisation services to
major brands and global publishing houses, typically under
licensing agreements, enabling brands to offer unique products to
consumers through websites including Zavvi, IWOOT and Pop in a
Box.
Other : Luxury D2C websites including Coggles, AllSole and
MyBag, as well as THG Experience, which comprises prestige
locations at Hale Country Club & Spa, King Street Townhouse
Hotel and Great John Street Hotel, providing deeply experiential
brand building environments, most notably in support of THG
Society, the Group's proprietary influencer marketing platform.
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END
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