Laura Ashley announces COO Katharine Poulter to the Board of Directors as next CEO

– UK, Fulham –  Laura Ashley holdings PLC (LON: ALY) today announced that Kwan Cheong Ng will retire as the Executive Director and CEO of the Company on 30th April 2020, and will remain on the Board as a Non-Executive Director of the Board after retirement.

Katharine Poulter who is the COO will be appointed as Executive Director of the Company and will succeed Mr Ng as CEO with effect from 1st May 2020. She has 25 years of retail experience with companies including Marks and Spencer plc, Home Retail Group plc, Kingfisher plc, Tesco plc and Willko Brands Ltd.

The Board would like to take this opportunity to thank Mr Ng for his contribution as Executive Director and Chief Executive Officer during his tenure with the Company and to wish him the very best in his retirement.

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