Ted Baker Plc announced the appointment of Rachel Osborne as Chief Executive Officer. Rachel, whose appointment will be effective immediately, has more than 20 years' of relevant brand and retail sector experience. She joined Ted Baker as Chief Financial Officer in November 2019, before being appointed as Acting Chief Executive Officer in December 2019.

Rachel joined Ted Baker from Debenhams, where she had worked as Chief Financial Officer. Previous roles include Chief Financial Officer at Domino's Pizza Group plc, Finance Director of Group Enterprise at Vodafone and Finance & Strategy Director at John Lewis. She has also held senior positions at Sodexo, Kingfisher and PepsiCo.

During her short tenure at Ted Baker, Rachel has been leading a significant period of change and transformation, including the development of key strategic priorities and the announcement of the sale and leaseback of the company's headquarters at a significant premium to book value. Further to the appointment of Rachel as CEO, the Board confirms that the search for a Chairman is progressing well. Sharon Baylay will continue to lead the Board as Acting Chair in the interim period.

The Board also confirms that Jennifer Roebuck, currently a non-executive director on the PLC Board, will be taking up her previously announced leadership role of Chief Customer Officer (CCO) on 1st April and will therefore be stepping down from her non-executive position on the PLC Board on that date.