Laura Carstensen to step down as Chair of Appreciate Group

Laura Carstensen to step down as Chair of Appreciate Group plc

LONDON, UK: Appreciate Group, the UK’s leading multi-retailer redemption product provider to corporate and consumer markets, announced that Laura Carstensen has informed the Board of her intention to step down as Chairman as part of the Board’s succession plan.

The Board will imminently commence a search process to appoint a successor and enable an orderly handover.

Ms Carstensen will continue to serve as Chairman until the process is completed. An update will be provided in due course.

Laura Carstensen has been with the Company for almost eight years, having been appointed to the Board as a non-executive director on 23 September 2013, before becoming Non-Executive Chairman on 3 June 2016.

Laura Carstensen said: “I am extremely proud to have served Appreciate Group as Chairman for the last five years. The management team has transformed the business, building a more robust and scalable platform which provides a strong foundation for growth.”

Ian O’Doherty, Chief Executive Officer, said: “I’d like to thank Laura for the energy and passion she has brought to the role as chairman, as she has steered the Group both during its recent significant transformation and through the unprecedented challenges brought by the pandemic.”

Appreciate Group is one of the UK’s leading gifting, pre-payment and engagement companies, and experts at creating joyful experiences and connecting people to the things in life they enjoy the most.

Appreciate Group is a financial services business with a wide portfolio of brands which provide solutions for its consumer and business customers. Its consumer-facing brands meet a range of prepayment and gifting needs, while its business products help corporate customers reward and recognise their employees and clients.

Appreciate Group plc’s shares are traded on AIM, a market operated by the London Stock Exchange.

Appreciate Group PLC share price

27.60 GBX0.00 (0.00%)today

20 Sep, 4:35 pm GMT+1 ·Disclaimer

www.appreciategroup.co.uk

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