Business
New leadership for the next chapter of growth
New leadership for the next chapter of growth.
About this update from Naked Wines Plc
[{"type":"text","content":"\n \nRNS Number : 1435U Naked Wines PLC 21 November 2019 \n\nNaked Wines PLC\n(\"Company\" or \"Group\")\n \nNaked Wines announces new leadership for the next chapter of growth\n \nNaked Wines (\"Naked\" or \"the Company\"), now a pure play online subscription wine retailer, announces a number of changes to the Board and management team, to guide the Company through its next chapter of growth.\n \nThe changes\n \nRowan Gormley, CEO, will be retiring from the Company when the important Christmas trading season and the Majestic disposal is complete. This is the conclusion of an 18 month succession planning process. After a thorough review of external candidates, the board elected to promote Nick Devlin to CEO subject to Nick proving himself in the COO role. The Board has now concluded that Nick has done just that - and therefore will be appointed to the post of CEO when Rowan retires.\n \nThis is one of a number of important changes to enable Naked to enter the next chapter of growth, fulfilling its significant potential, particularly in the US.\n \n● As previously announced, John Walden has taken over from Greg Hodder as Chairman\n● Two new leadership roles, developing strategic partnerships in the USA and winemaker relations worldwide have been created\n \nOutgoing CEO, Rowan Gormley commented:\n \n\"I am delighted to welcome Nick Devlin as CEO Designate. This is the conclusion of a two-year long process, to configure Naked to be able to fulfil its potential.\n \nIt is clear that Naked has a huge opportunity in the US:\n- The market is huge, growing and highly profitable\n- The online Direct to Consumer segment is under penetrated in comparison with other categories, suggesting significant untapped demand\n- The Naked model is uniquely configured to take advantage of it\n \nHowever, to do so we need to\n1. Simplify the business, to a pure play online subscription wine retailer\n2. Gather the necessary resources and capital\n3. Build the right team for this next chapter of growth\n \nWith the imminent sale of Majestic and Lay and Wheeler, we have delivered on the first two.\n \nNow it is time to hand over to a new team.&nbs...