Business
Chair succession
Chair succession.
About this update from Theworks.co.uk Plc
[{"type":"text","content":"\n\n27 June 2024\nTheWorks.co.uk plc\n(\"The Works\", the \"Company\" or the \"Group\")\nChair succession\nCarolyn Bradley to step down as Chair of The Works; Steve Bellamy appointed as successor.\nTheWorks.co.uk plc, the family-friendly value retailer of arts, crafts, toys, books and stationery, announces that Carolyn Bradley will be stepping down as Chair and Independent Non-Executive Director with effect from 15 July 2024. Steve Bellamy has been appointed to succeed Carolyn and will join the Board on the same date.\nCarolyn was appointed Chair of The Works three years ago. During her tenure, Carolyn has helped to steer the business through its recovery from the COVID-19 pandemic and a cyber security incident in April 2022. The business has benefitted greatly from her strong retail, marketing and customer proposition experience, particularly during a period of continuing development of the brand and 'better, not just bigger' strategy. She leaves the business in a stable position following its successful transition to AIM, action taken to reset the cost base and a restructuring of the Operational Board.\nSteve Bellamy joins as Non-Executive Chair, bringing extensive experience as both Chair and Non-Executive Director, having worked in and advised a wide range of public and private companies and been Chairman of, and advisor to, investment committees and capital providers. He has a record of supporting leadership teams to execute their operational strategies and in creating shareholder value. He is the Senior Independent Director and Chair of the Audit Committee at Caffyns plc and Independent Non-Executive Director and Chair of the Audit Committee at Empresaria Group plc. Steve's previous roles included being Non-Executive Director of Advanced Medical Solutions Group plc and Michelmersh Brick Holdings plc, and Chair of Becrypt Limited and Concirrus Limited. Steve was also formerly Chief Operating Officer and Finance Director of Sherwood International plc and is a Chartered Accountant.\nSteve will become Chair of the Nomination Committee and member of both the Remuneration and Audit Committees upon his appointment to the Board.\nCarolyn Bradley, outgoing Chair of The Works, said: \"It has been an enormous privilege to Chair The Works and to support Gavin and his leadership team. The Works has demonstrated great resilience in the ...