Laura Ashley Holdings plc announced that its Non-Executive Chairman, Tan Sri Dr Khoo Kay Peng, is retiring and has resigned with immediate effect from his positions as Chairman and as Director of the Company. He has been the Chairman of the Company since 1999. Mr. Andrew Khoo Boo Yeow, Non-Executive Director of the Company and current Executive Chairman of MUI, has been appointed by the Laura Ashley Board as their new Non-Executive Chairman, also with immediate effect.