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BRIEF-Ted Baker CEO takes leave of absence while allegations are investigated


Reuters Last Updated at 07-12-2018 22:10:11 IST
Ted Baker PLC:

* CHIEF EXECUTIVE OFFICER - LEAVE OF ABSENCE

* INDEPENDANT COMMITTEE APPOINTED HERBERT SMITH FREEHILLS LLP TO CONDUCT AN INDEPENDENT EXTERNAL INVESTIGATION INTO REPORTS RECEIVED

* BOARD HAS APPOINTED CHIEF OPERATING OFFICER LINDSAY PAGE AS ACTING CEO WITH IMMEDIATE EFFECT WHILE RAY KELVIN REMAINS ON LEAVE

* APPOINTED INDEPENDENT COMMITTEE OF NON-EXECUTIVE DIRECTORS TO ENSURE CONCERNS RAISED IN MEDIA REPORTS ARE RECOGNISED AND CAREFULLY CONSIDERED

* COMMITTEE, BOARD BEEN MADE AWARE OF FURTHER SERIOUS ALLEGATIONS ABOUT CONDUCT OF FOUNDER AND CEO, WHICH IT WILL BE INVESTIGATING

* RAY KELVIN HAS AGREED HE WILL TAKE A VOLUNTARY LEAVE OF ABSENCE FROM HIS ROLE WITH COMPANY WHILE THESE ALLEGATIONS ARE INVESTIGATED Source text for Eikon: Further company coverage:

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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