Currys PLC Directorate Change (0766M)

TIDMCURY

RNS Number : 0766M

Currys PLC

19 May 2022

Currys plc appoints new Chair

Currys plc is pleased to announce the appointment of Ian Dyson to succeed Ian Livingston as Chair of the Board. He will join the Board as a Non-Executive Director on 1 September 2022 and will become Chair of the Board and Nominations Committee on 8 September 2022, with Ian Livingston stepping down from the Board on that date.

Ian Dyson is currently Chair of the Board at ASOS plc. He is a Non-Executive Director of Intercontinental Hotels Group plc but will step down in February 2023. Ian brings a wealth of experience across consumer facing industries and public company boards. He was group finance and operations director of Marks & Spencer Group plc from 2005 to 2010 before becoming chief executive of Punch Taverns plc in 2010. Before that, Ian was group finance director of Rank Group Plc. He was formerly a Senior Independent Director at Flutter Entertainment plc (formerly Paddy Power Betfair) and Non-Executive Director of SSP Group plc.

Ian Dyson, incoming Chair of the Board

"Currys is a clear market leader with trusted brands in every market in which it operates. It has a leading presence in exciting product categories which are increasingly vital to consumers' daily lives, and the success with which it navigated the Covid-19 pandemic is testament to the quality and commitment of its thousands of colleagues. I am looking forward to working alongside Alex and the team on the next leg of Currys' exciting journey."

Ian Livingston, outgoing Chair of the Board

"I will be leaving Currys with sadness as it is a business very close to my heart but I am delighted to be succeeded by someone of the calibre and experience of Ian Dyson. My time at Currys has been hugely enjoyable. Today's business is in really good shape; it has a great management team, strategic clarity, strong finances and a very exciting future ahead of it. I thank the Board and Alex and his team for being great colleagues and wish them every success in the future."

Alex Baldock, Group Chief Executive

"I am very grateful for the guidance, challenge and support that Ian Livingston has given to Currys, and the role he has played in transforming it into the leading omnichannel retailer of technology products and services it is today. As we continue with our exciting transformation, I am delighted that in Ian Dyson we have found a new Chair who will help us continue on our path towards a world class business for colleagues, customers, shareholders and society."

There is no additional information that requires disclosure under 9.6.13 of the Listing Rules of the UK Financial Conduct Authority.

Next announcement

The Group is scheduled to publish its 2021/22 Full Year Results on Thursday 7 July 2022.

For further information

 
 Dan Homan      Investor Relations          [phone] 
 Toby Bates     Corporate Communications    [phone] 
 Tim Danaher    Brunswick Group             [phone] 
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Information on Currys plc is available at www.currysplc.com

Follow us on Twitter: @currysplc

About Currys plc

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through 832 stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us.

In the UK&I we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of these markets we are the market leader, employing 33,000 capable and committed colleagues. Our full range of services and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them, throughout their lives. The Group's operations are supported by a sourcing office in Hong Kong, state-of-the-art repair facilities and an extensive distribution network, enabling fast and efficient delivery to stores and homes.

Our vision, we help everyone enjoy amazing technology, has a powerful social purpose at its heart. We believe in the power of technology to improve lives, help people stay connected, productive, healthy, and entertained. We're here to help everyone enjoy those benefits and with our scale and expertise, we are uniquely placed to do so.

We're a leader in giving technology a longer life through repair, recycling and reuse. We're reducing our impact on the environment in our operations and our wider value chain and we will achieve net zero emissions by 2040. We offer customers products that help them save energy, reduce waste and save water, and we partner with charitable organisations to bring the benefits of amazing technology to those who might otherwise be excluded.

Certain statements made in this announcement are forward-looking. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward-looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Information contained on the Currys plc website or the Twitter feed does not form part of this announcement and should not be relied on as such.

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May 19, 2022 02:02 ET (06:02 GMT)