23 June 2022

 boohoo group plc

("boohoo" or the "Group")

Board Changes

boohoo (AIM: BOO), a leading online fashion group, today announces the appointment of Shaun McCabe as Chief Financial Officer ("CFO"). Shaun will succeed Neil Catto whose role will transition to an Executive Director, remaining on the Group Board, with responsibility for strategic projects. Shaun is expected to take up his new role later this year. Neil will remain as CFO until then to ensure an orderly handover, after which Neil will take up his new position within the Group. 

Shaun joined the Group's Board as a Non-Executive Director in 2020 and is the current Chair of the Audit and Risk Committees as well as sitting on the Remuneration, ESG and Nomination Committees. Following his new appointment, Brian Small will replace Shaun as Chair of the Audit Committee, with Tim Morris taking on the responsibility of chairing the Risk Committee. boohoo will commence a process to replace Shaun and recruit one further Non-Executive Director.

Shaun joins from Trainline plc, where he has been key to growing the Company's operational and digital footprint as CFO. Shaun has extensive digital and retail experience, having previously been the International Director at Asos plc, as well as CFO for Amazon Europe.

Mahmud Kamani, Group Executive Chairman commented:

"Neil has been key to the Group's success since it listed and I would like to take this opportunity to extend my gratitude, and that of the Board, for his contribution to the business. During his tenure as CFO boohoo has grown significantly, we now have 20 million active customers and 13 different fashion destinations. We are delighted that he will continue to support the senior management team as an Executive Director and in his role overseeing strategic projects.

"Equally, it has been a great pleasure to work with Shaun over the last two years and we are delighted to have him onboard in his new capacity later this year. His digital and sector experience at Trainline, Asos and Amazon will be key to driving the Group's next stage of growth."

Neil Catto, current Chief Financial Officer commented:

"It has been a privilege to have guided boohoo in my role as CFO, throughout which the Group has seen tremendous growth. When I joined, boohoo's revenue was £20m compared to almost £2bn today. In this period, the Group has transformed from a small, disruptive UK fashion brand to a stable of international brands with global recognition. I look forward to transitioning to my position as an Executive Director and continuing to work with the Group on strategic projects. I would like to join Mahmud and the Board in welcoming Shaun in his new role."

Shaun McCabe, Chief Financial Officer designate commented:

"I know the senior management team and the Group well after serving on the Board. Neil has built a solid foundation for the Group and I look forward to helping the management team execute boohoo's growth strategy as CFO."

The following information is disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.

As at 22 June 2022 Shaun Stephen McCabe (aged 53) held beneficially 113,482 ordinary shares in the capital of the Company. He has held the following directorships and partnerships in the last five years:

There is no further information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies

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About boohoo group plc

"Leading the fashion eCommerce market"

Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value-orientated customers, pushing boundaries to bring its customers up-to-date and inspirational fashion, 24/7.

In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free-thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group's scalable, multi-brand platform. In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital-light and low-risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 28 February 2022, the boohoo group had 20 million active customers across all its brands around the world.