Dec 17 (Reuters) - Ted Baker's TED.L non-executive director Ron Stewart has left the corporate afte
Dec 17 (Reuters) – Ted Baker’s TED.L non-executive director Ron Stewart has left the corporate after 9 years, the troubled style retailer mentioned on Tuesday, per week after the departure of its CEO and chairman.
The corporate’s administration has come below strain since Ted Baker mentioned earlier this month it might have overstated stock by as a lot as 25 million kilos ($32 million) following a number of revenue warnings for the 12 months.
The issues cap a tumultuous 12 months for Ted Baker after misconduct allegations in opposition to Ray Kelvin, its founding former CEO and high shareholder, compelled him to go away the corporate. Kelvin has denied the allegations.
The British firm appointed Jon Kempster and Helena Feltham as impartial non-executive director and senior impartial director, respectively, on Tuesday.
Final week, it named not too long ago appointed Chief Monetary Officer Rachel Osborne as interim CEO, and Sharon Baylay as its appearing chair.
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