ON THE BEACH GROUP PLC — Board/Management Information 2018

Nov 22, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1198I

On the Beach Group PLC

22 November 2018

22 November 2018

On the Beach Group plc

("On the Beach", "OTB" or the "Group")

Board Composition Change

On the Beach Group plc (LSE: OTB.L), the UK's leading online retailer of beach holidays, announces that Lee Ginsberg, the Non-Executive Chair of the Board, will step down from his position as Chair of the Board in order to focus on other time commitments. Lee will remain on the Board as a Non-Executive Director.

David Kelly, Senior Independent Director, will take over the Chair of the Board role on an interim basis and will also Chair the Nomination Committee. An executive search firm will shortly be appointed to assist with the search for a new Chair of the Board.

These changes will take effect on 30 November 2018.

The Board will continue to review its structure to ensure it has the appropriate breadth and depth of experience while meeting corporate governance best practice.

For further information: 

On the Beach Group plc Simon Cooper, Chief Executive Officer Paul Meehan, Chief Financial Officer	via FTI Consulting
FTI Consulting  Jonathon Brill Alex Beagley Fiona Walker	Tel: +44 (0)20 3727 1000

About On the Beach

With over 20% share of online sales in the short haul beach holiday market, On the Beach is one of the UK's largest online beach holiday retailers. The Company has significant opportunities for growth and a long-term mission to become Europe's leading online retailer of beach holidays. By using its innovative technology, low-cost base and strong customer-value proposition to provide a structural challenge to legacy tour operators, it continues its journey to disrupt the online retail of beach holidays. The model is customer-centric, asset light, profitable and cash generative.

www.onthebeachgroupplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

BOABUBDBRXDBGIB