News Formal

Ted Baker names finance chief Rachel Osborne as CEO

  • 📰 Reuters
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Troubled fashion retailer Ted Baker on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year.

FILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London, Britain December 17, 2018. REUTERS/Simon Dawson

The British company said the search for a chairman is progressing well and that Sharon Baylay will still lead as acting chair in the interim period. “I look forward to leading the business through this critical period of change and seeing the benefits of our plan come to fruition,” Osborne said on Monday.

Osborne’s predecessor Page left in December after multiple profit warnings that had come on the back of tough retail conditions, including subdued spending by consumers and steep costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please help us amplify this call. PPEforEasternVisayas

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Switzerland might increase 20 billion franc emergency scheme - Finance MinisterThe Swiss government could increase a 20 billion Swiss francs ($21 billion) loan programme to help keep companies afloat and safe jobs amidst the coronavirus crisis, the finance minister told weekly Sonntagsblick.
Source: Reuters - 🏆 2. / 97 Read more »