Naked Wines PLC Directorate Change (3167V)
April 13 2021 - 06:00AM
UK Regulatory
TIDMWINE
RNS Number : 3167V
Naked Wines PLC
13 April 2021
Naked Wines plc
("Naked" or the "Group")
13(th) April 2021
Directorate Change
Naked Wines is pleased to announce that Darryl Rawlings will
join the Board with immediate effect as an Independent
Non-Executive Director. Darr yl will also succeed Ian Harding as
Chairman at the forthcoming annual general meeting in August 2021,
following Ian's previously announced intentions to retire this
summer after serving on the Board for eight years.
Darryl is founder and CEO of Trupanion Inc, an industry
-leading, direct-to-consumer (DtC), monthly subscription business
that provides medical insurance for cats and dogs throughout the
United States (US) and Canada. It is headquartered in Seattle, WA
and is listed on NASDAQ ("TRUP").
Since founding the business in 2000, Darryl has led the
Company's consistent growth, which generated $500 million in
revenue in 2020 and now serves more than 860,000 enrolled pets. He
brings extensive experience in operating and scaling a subscription
DtC business in the US over the last 20 years. His insights and
mentorship for the Naked executive team will be invaluable as the
Group continues its expansion.
Ian Harding, Chairman, commented:
"We have conducted an extensive search process and I am
delighted that Darryl has agreed to join Naked Wines at such an
important moment in our growth journey. The Group has evolved
beyond all recognition over the last five years - from a
UK-orientated store-based retailer, into a fast growing and agile
DtC subscription business with an entrepreneurial culture and
strong focus on its huge US growth opportunity. Darryl's
appointment adds valuable skills and experience, and a further US
focus to the team."
Darryl Rawlings, Chairman-elect, commented:
" Naked is disrupting the wine industry through its unique
business model and superior offering to both customers and
winemakers. Nick and the team have created a compelling consumer
proposition with attractive economics and high retention. I'm
excited to join the Board as the business scales and leverages its
position as a leader in the direct-to-consumer wine market."
Darry Graham Andrew Rawlings (51), holds or has held the
following directorships in the past five years, all of which are
current:
- Trupanion, Inc.
- Trupanion Australia, Inc.
- Trupanion Brokers Ontario, Inc.
- Gallant Pet, Inc.
- Baystride, Inc.
- Seattle Academy of Arts and Sciences
- Monte Cristo Marine LLC
- 2014 Nob Hill LLC
- KC McGraw LLC
- Kuyashii LLC
- Kuyashii Primary Equities LLC
- Kuyashii Secondary Equities LLC
- Cape Ross LLC
Mr. Rawlings does not hold any shares in the Group. There are no
other matters which are required to be disclosed in accordance with
Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for
Companies.
For further information, please contact:
Naked Wines plc ir@nakedwines.com
Nick Devlin, Chief Executive
Officer
Shawn Tabak, Chief Financial
Officer
Investec Tel: 0207 597 5970
(NOMAD & Joint Corporate Broker)
David Flin / Carlton Nelson
Jefferies International Limited Tel: 0207 029 8000
(Joint Corporate Broker)
Ed Matthews / David Genis /
Harry Clements
Instinctif Partners (PR Agency) Tel: 0207 457 2020 or 07931
Damian Reece / Guy Scarborough 598 593
/ Sarah Hourahane
About Naked Wines plc
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. Naked Wines customers commit to a
fixed prepayment each month which goes towards their next purchase.
Naked in turn funds the production costs for winemakers, generating
savings that are passed back to its customers. It creates 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 750,000
individual customers in the US, UK and Australia, making us a
leading player in the fast growing direct-to-consumer wine
market.
Our customers (who we call Angels) have direct access to over
230 of the world's best independent winemakers making over 1,000
quality wines in 21 different countries. We collaborate with some
of the world's best independent winemakers like Matt Parish
(Beringer, Stags' Leap) and 8-time Winemaker of the Year Daryl
Groom (Penfolds Grange).
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