LONDON - Cake Box Holdings (LON:CBOX) PLC, the UK's largest retailer of fresh cream celebration cakes, announced today a reshuffle of its board of directors, with two new appointments expected to take effect in early January 2025. The company is set to welcome Catherine Nunn and Malar Velaigam as Non-Executive Directors, pending regulatory due diligence.
Catherine Nunn, with a significant retail background, including a tenure as UK Retail Director for BP (NYSE:BP) and strategic work with Lakeland Ltd, will also chair the Company's ESG Committee. Her experience spans over two decades in leadership roles, contributing to her reputation as an accomplished CEO in the retail sector. Nunn also holds directorship roles at H&T Group (LON:HTGR) plc and The Wine Society.
Malar Velaigam brings over 15 years of capital markets expertise and currently serves as a Director at Dowgate Capital. Her previous positions include Director at RBC (TSX:RY) Capital Markets and a significant period at Cavendish Financial, where she was part of the Management Committee. Velaigam is also actively involved with the Sea (NYSE:SE) & Marine Cadets as a Board Trustee and Secretary.
The announcement also includes the departure of Shaun Smith, an independent Non-Executive Director, and Alison Green, both leaving the Board on December 31, 2024. The search is underway for a new Non-Executive Director to fill the role of Chair of the Audit Committee. In the interim, Martin Blair, Chair of the Board, will assume this position.
Martin Blair expressed enthusiasm for the new appointees, stating that their extensive experience will contribute significantly to Cake Box (NYSE:BOX)'s growth and performance. He also extended gratitude to the outgoing board members for their service and support.
This board restructuring is part of Cake Box's ongoing efforts to enhance its governance and strategic direction. The information is based on a press release statement from Cake Box Holdings PLC.
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