REG - Naked Wines PLC - Appointment of Chief Financial Officer

Naked WinesAnnouncement

28/08/2024 07:15

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RNS Number : 8803B  Naked Wines PLC  28 August 2024

Naked Wines plc

 

 ("Naked Wines" or "Group")

 

Appointment of Chief Financial Officer

 

Naked Wines plc (AIM: WINE) is pleased to announce the appointment of Dominic
Neary as Chief Financial Officer (CFO). Dominic will join Naked Wines on 11
November 2024, and will also be appointed to the Board at that time.

 

Dominic joins Naked Wines from his position as CFO at Mind Gym PLC (AIM: MIND)
where he has helped return the business to profitability, whilst building
scalable global operations. He brings with him significant experience from
senior finance roles at international high growth consumer, digital and FMCG
companies.

 

Dominic previously spent 10 years in various financial positions at Reckitt
Benckiser culminating in the role of Regional Finance Director of its North
American Pharmaceuticals business, where he was instrumental in the
successful listing of Indivior plc. As Commercial Finance Director at
Moneysupermarket.com, he helped return the Insurance business to double digit
growth and as Regional Finance Director he helped Just Eat optimise its
digital investments which led to substantial growth in the EU region; he also
played a key role in the integration of Just Eat's newly acquired Delivery
business.

 

Dominic will succeed James Crawford who, as previously announced, is stepping
down as CFO in the Autumn of 2024 and is supporting the CFO transition
process.

 

Rodrigo Maza, Chief Executive Officer of Naked Wines, said:

 

"I'm delighted to announce Dominic's appointment as our new CFO. His
experience in consumer and digital businesses, coupled with his international
and US experience, make him a valuable partner as we focus on returning Naked
Wines to sustainable profitable growth."

 

As required under Schedule Two, paragraph (g) of the AIM Rules for Companies,
further disclosures on Mr Neary are as follows:

 

Dominic Terence Neary, aged 48, has held the following directorships and/or
partnerships in the past five years:

 

Current directorships and/or partnerships:

Mind Gym PLC

 

Past directorships and/or partnerships:

Precision Proco Group LTD

Precision Printing Co. Limited

 

There is no further information on Mr Neary required to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

For further information, please contact:

 

 Naked Wines plc                           IR@nakedwines.com

 Rodrigo Maza, Chief Executive Officer

 James Crawford, Chief Financial Officer

 Catherine Miles / Libby Bundock

 Investec (NOMAD & Joint Broker)           Tel: 0207 597 5970

 David Flin / Ben Farrow

 Jefferies (Joint Broker)                  Tel: 0207 029 8000

 Ed Matthews / Harry le May

 Instinctif (Financial PR)                 Tel: 07917 178 920 / 07825 189 696

 Guy Scarborough / Julian Walker

 

About Naked Wines plc

 

Naked Wines is not just an online wine retailer; we're trailblazers on a
mission to enable enthusiastic wine drinkers to enjoy great wine without the
guesswork.

 

Founded in 2008, on the pillars of quality, choice and fair pricing, we set
out to create the most inclusive wine club in the world - dedicated to
transforming the wine-buying experience and empowering people to make their
own wine choices, and championing world-class independent winemakers. We've
proudly been delivering outstanding wines to our customers (who we call
Angels) for over 15 years.

 

Our business model is simple yet innovative: Naked Wines funds the production
costs for winemakers upfront, allowing them to focus on creating exceptional
wines without the financial burdens of traditional wine production, while
passing the resulting savings back to our customers.

 

The virtuous circle is a win win for both wine lovers and winemakers, and
enables us to deliver superior benefits to our customers:

 

- Better quality wine

- More choice

- Personalised wine recommendations

- Elimination of guesswork and uncertainty

- Fair payments for all involved

 

Our customers have direct access to 299 of the world's best independent
winemakers and over 2,500 quality wines from 23 countries. In the last
financial year, we served more than 723,000 Angels in the US, UK and
Australia, making us a leading player in the fast-growing direct-to-consumer
wine market.

 

For more information visit nakedwines.com (http://nakedwines.com/) or follow
us @nakedwines (https://www.instagram.com/nakedwines) .

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